Group - L. Possehl & Co. mbH

As per the balance sheet date, the capitalized amount is composed
as follows:
in E ’000 12/31/2007 12/31/2006
Deferred tax assets 9,985 2,613
Deferred tax liabilities -8,284 -8,679
deferred tax assets (a provision
in the prior year)
1,701 -6,066
8. Equity
The schedule of changes in shareholders’ equity has been drawn up
in accordance with GAS 7.
Subscribed capital consists of the common equity of the parent
company, L. Possehl, held by the sole shareholder, Possehl-Stiftung.
Retained earnings consist of the parent company’s share of total
consolidated and retained net income. It includes all earnings components
with effect on the income statement including consolidation
effects through the income statement.
in E ’000 01/01/2007
Exchange rate
differences
Change in
group of
consolidated
companies
Letter from the Executive Board
Company Boards
Report of the Controlling Boards
Successful over the Long Term
Group Management Report
Consolidated Financial Statements
Further Information
Accumulated other Group earnings consist of all transactions not
recognized through the income statement. The change in the reporting
year mainly relates to goodwill from company acquisitions offset
directly without effect on the income statement.
Minority interests relate mainly to the two Chinese companies
Shenzen Possehl SEG Electronics Co. Ltd. and Dongguan Possehl SEG
Electronics Co. Ltd. (20 % respectively).
9. Pension Provisions
Provisions for pensions exist almost exclusively at the parent company
and the domestic subsidiaries. Pension provisions consist of
1,784 (previous year: 1,837) future pensions and 1,078 (previous year:
1,054) current pensions for eligible active and former employees and
their surviving dependents. The amount of the pensions paid depends
on the length of service and the salaries or contributions of the
beneficiaries.
10. other Provisions
in E ’000 12/31/2007 12/31/2006
1. Provisions for deferred taxes 0 6,066
2. Other provisions for taxes 10,284 7,450
3. Other provisions 89,033 87,706
99,317 101,222
Changes in other provisions for taxes and other provisions in the
reporting year were as follows:
Reclassification
Used Reversals Additions 12/31/2007
other provisions for taxes 7,450 -132 0 3,106 -5,472 -133 5,465 10,284
Personnel 32,372 -269 508 -590 -22,070 -2,185 27,401 35,167
Warranties 11,238 -41 377 -585 -2,628 -1,540 5,727 12,548
Accounting 1,838 -16 -36 -95 -1,470 -88 1,664 1,797
Outstanding invoices 9,142 -168 -83 182 -7,120 -1,286 7,532 8,199
Other 33,116 -144 90 -1,646 -18,217 -2,838 20,961 31,322
other provisions 87,706 -638 856 -2,734 -51,505 -7,937 63,285 89,033
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