ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

CONSOLIDATED FINANCIAL STATEMENTS ACCORDING TO IFRS
92
Deferred tax liabilities break down as follows:
31.12.11 31.12.10
€ '000 € '000
Differences between the tax balance sheet
and the commercial balance sheet –1,180 –1,290
Adjustments of individual financial statements to IFRS 5,365 6,081
Consolidation processes 2,525 2,991
6,710 7,782
Deferred taxes refer to the following balance sheet items:
31.12.11 31.12.10
Deferred Deferred Deferred Deferred
tax tax tax tax
assets liabilities assets liabilities
€ ’000 € ’000 € ’000 € ’000
Tangible fixed assets 10 8,563 0 9,129
Intangible fixed assets 68 393 0 585
Inventories 127 0 106 0
Trade receivables and other assets 90 177 0 305
Provisions for pensions 895 0 784 0
Other provisions 18 0 18 0
Other liabilities 1,475 4 1,549 0
Tax losses carried forward 521 0 337 0
3,204 9,137 2,794 10,019
Set-off* –2,427 –2,427 –2,237 –2,237
777 6,710 557 7,782
* According to IAS 12, deferred tax assets and deferred tax liabilities should, under certain conditions, be offset if they relate to
income taxes levied by the same taxation authority.