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(20) Associated Companies
in T€ 31/12/2007 31/12/2006
Opening inventory, January 1 74,208 301,493
Result of current financial year 9,519 87,667
Disposals – –317,168
Currency translation differences – 10,426
Other changes in equity 375 –8,210
Book value, December 31 84,102 74,208
The figure reported for at-equity shares in associated companies increased by € 9.9 million compared
with the previous financial year. This was accounted for primarily by the positive results for the year
posted by the associated companies.
The Group’s shares in its material associated companies are as follows:
2007 in T€
Hüttenwerke Krupp Mannesmann GmbH,
Assets Debt Earnings Profit Proportion
(%)
Duisburg 878,895 611,831 2,217,845 19,258 30.00
2006 in T€
Hüttenwerke Krupp Mannesmann GmbH,
Assets Debt Earnings Profit Proportion
(%)
Duisburg 842,806 598,664 1,962,067 45,669 30.00
(21) Deferred Tax Assets
If it is likely that tax benefits will be realized, they must be capitalized. Clearing is possible only if the
deferred tax assets and liabilities relate to the same tax authority. Deferred tax claims amounting to
€ 145.4 million (2006: € 159.3 million) were set off in the financial year 2007.
in T€ 31/12/2007 31/12/2006
Deferred tax assets 12,988 49,101
Realization after more than 12 months 19 43,263
Realization within 12 months 12,969 5,838
Deferred tax liabilities 94,027 43,870
Realization after more than 12 months 23,576 2,467
Realization within 12 months
Balance of deferred tax assets
70,451 41,403
and deferred tax liabilities – 81,039 5,231