Annual report 2005 - Xeikon
Annual report 2005 - Xeikon
Annual report 2005 - Xeikon
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12. Fixed assets investments<br />
Interests in associated undertakings<br />
At January 1<br />
- Net assets excluding goodwill<br />
- Goodwill<br />
Share of profits retained<br />
Additions<br />
Impairments<br />
At December 31<br />
- Net assets excluding goodwill<br />
- Goodwill<br />
Total assets<br />
Total liabilities<br />
Revenue<br />
Profit after tax<br />
31/12/04<br />
€ ‘000<br />
81<br />
2,159<br />
2,240<br />
1,150<br />
1,090<br />
2,240<br />
15,383<br />
10,814<br />
12,124<br />
322<br />
31/12/05<br />
€ ‘000<br />
1,150<br />
1,090<br />
2,240<br />
(269)<br />
472<br />
(272)<br />
2,171<br />
1,081<br />
1,090<br />
2,171<br />
20,371<br />
14,744<br />
9,508<br />
(1,355)<br />
<strong>Xeikon</strong> Shenzhen Digital Printing Equipment Ltd. was founded in August <strong>2005</strong> in cooperation with Shenzhen Zhongsheng<br />
Electronic Stock Co., Ltd. The total capital of the company amounted to €1,000,000 of which €472,000 was contributed<br />
by Punch Graphix Hong Kong Ltd. Details of investments in associates are disclosed in note 29. During the year ended<br />
December 31, <strong>2005</strong>, the Company impaired its investment in Xeramics nv by €95,000 and its investment in Stora Enso Digital<br />
Solutions nv by €170,000.<br />
In <strong>2005</strong>, the company acquired for €40,394,000 new investments in subsidiairies<br />
13. Non current receivables<br />
Finance lease receivables (see note 16)<br />
Other financial assets<br />
Receivables<br />
31/12/04<br />
€ '000<br />
2,320<br />
216<br />
2,536<br />
31/12/05<br />
€ '000<br />
5,963<br />
534<br />
6,497<br />
Other financial assets comprise principally deposits with the Belgian social security authorities.<br />
50
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