Group - L. Possehl & Co. mbH

18. other operating Expenses
in E ’000 2007 2006
Freight charges 21,051 18,970
Other selling costs 38,791 38,255
Maintenance costs 15,327 18,167
Rental and leasing expenses 15,015 14,351
Other operating expenses 19,647 13,666
Legal, IT, and consultancy expenses 12,344 13,639
Insurance expenses 6,664 4,773
Currency losses 4,596 2,765
Other administrative expenses 16,013 18,278
Personnel leasing expenses 4,144 4,551
Other employee expenses 5,685 5,732
Expenses for individual and general
write downs 2,830 2,473
Other impairment losses on current
assets 2,279 1,233
Losses on disposal of fixed assets 230 705
Losses on disposal of fully
consolidated subsidiaries 164 87
Other 10,698 9,101
19. result of Equity investments
46
175,478 166,746
in E ’000 2007 2006
Earnings from equity investments
in associates 8,556 5,267
Earnings from securities
(dividend income) 3,915 3,397
Earnings from affiliated companies 0 177
20. interest result
12,471 8,841
in E ’000 2007 2006
Interest income on loans and
securities held as fixed financial assets 206 276
Other interest and similar income 6,747 3,576
Interest paid and similar expense -17,276 -17,865
-10,323 -14,013
Affiliated companies account for interest expense of e 1,000 (previous
year: e 19,000).
21. other financial result
in E ’000 2007 2006
Write downs on financial assets -119 -1
In contrast to the previous year, dividend income is included in
equity investments. The previous year’s amount of e 3,397,000 was
reclassified accordingly.
22. Extraordinary income/Extraordinary result
The indicated amount relates to the gain on the sale of the equity
stake in Norddeutsche Affinerie AG.
The previous year’s amount related solely to the gain on the sale of
shares in Süd-Chemie AG.
23. Extraordinary Expense
The indicated amount relates solely to the allocation of the
difference resulting from the conversion to valuing pension provisions
in line with IAS 19.
24. income taxes
Income taxes cover taxes, paid or due, on income in the individual
countries as well as deferred taxes. Taxes on income consist of trade
tax, corporation tax, solidarity surcharge, and the equivalent foreign
income taxes. Deferred taxes recognized in the individual financial
statements are adopted insofar as they conform to uniform Group
accounting principles. Otherwise, deferred taxes are eliminated, e.g.
deferred tax assets on tax loss carryforwards.
To the extent that consolidation procedures result in deferred
taxes, tax rates of 7.5 % and 40 % are applied depending on the business
and the country. In the reporting year, income taxes include a net
deferred tax gain of e 4,035,000. In determining deferred taxes, a
reduction in the corporate tax in Germany to approximately 30 %
beginning in 2008 was taken into account.
Of total tax expense, a net gain of e 1,877,000 is due to prior
years.
25. other taxes
This item primarily consists of land tax, real estate transfer tax, and
vehicle taxes as well as sales tax not deductible abroad.