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Deutsche EuroShop - Annual Report 2006


Consolidated Balance Sheet Disclosures

13. Deferred tax liabilities

in € thousand Balance
1 Jan. 2006
Utilisation Reversal Addition Balance
31 Dec. 2006
Deferred tax liabilities 69,826 5,534 10,011 26,877 81,158

The deferred tax liabilities were recognised for the current consolidated profit for the period. Additions for companies in Germany amounted to €20,648 thousand, while additions of €6,229 thousand were made for companies abroad.

Due to the disposal of the investments in Italy and France, the tax payments incurred abroad are presented under utilisation. In addition, deferred taxes were reversed since the deferred tax liabilities previously recognised were not utilised in full due to the disposals.

Deferred tax liabilities relate primarily to properties reported at fair value in accordance with IAS 40. At the balance sheet date, they amounted to €107,502 thousand (previous year: €94,585 thousand) and were partially offset by deferred tax assets on tax loss carryforwards of €26,344 thousand (previous year: €24,759 thousand).

Continue reading: 14. Right to redeem of limited partners

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