annual Report 2009 - STRATEC Biomedical AG

These differences, which are generally temporary, result from the following items in the balance sheet:
in v thousand 12.31.2009 12.31.2008
Change through
profit or loss
Change recognized
in equity
Tax loss carryovers 63 0 63 0
Other provisions 9 3 6 0
Financial liabilities 32 0 0 32
Pension provisions 14 14 0 0
Deferred tax ASSETS before consolidation (A) 118 17 69 32
Deferred tax assets from currency
translation of foreign companies 51 6 0 0
Deferred tax assets from elimination of intercompany profits 16 35 16 0
Total deferred tax ASSETS (A) 185 68 85 32
Intangible assets 1,139 657 -284 766
Financial assets 56 57 -1 0
Trade receivables 15 0 15 0
Future receivables from construction contracts 416 340 76 0
Inventories 41 86 -64 19
Deferred tax liabilities from currency
translation of foreign companies 10 9 0 1
Other liabilities and provisions 19 8 11 0
Total deferred tax LIABILITIES (L) 1,696 1,157 -247 786
Net balance of deferred tax liabilities 1,511 1,089 -332 754
The reduction in net tax deferrals through profit or loss in the 2009 financial year (u -329 thousand; previous year:
u -298 thousand) has been recognized in the statement of comprehensive income under “Deferred tax income”.
The costs of capital increases after income taxes (u 2 thousand; previous year: u 2 thousand) have been offset against
the capital reserve.
The change in deferred taxes recognized in equity for intangible assets and significant portions of non-current financial assets
results from the hidden reserves and liabilities identified upon the acquisition of the Invitek subsidiary on April 23, 2009,
as well as from the currency translation of hidden reserves relating to three software components disclosed in the 2006
financial year upon consolidation of Sanguin International Ltd. and of the shareholding in Sanguin International Inc. (USA)
as of the 2009 balance sheet date compared with the previous year’s balance sheet date. The translation differences
have been allocated net of tax to the currency translation reserve within Group equity (other equity).
88 stratec Annual Report 2009