100 % FUTURE - ALNO

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The effective income tax rate – defined as 28 % in the ALNO Group (previous year: 28 %) – is derived
from the application of a corporation tax rate of 15 % (previous year: 15 %) plus the solidarity surcharge
of 5.5 % on the corporation tax, and a weighted trade tax on earnings before income taxes.
For this reason, the deferred taxes for the German companies were calculated using future income
tax charges of 28 %.
The foreign currency translation generated a EUR – 9 thousand change in the deferred tax liabilities,
and a EUR 1 thousand change in deferred tax assets.
The corporation tax loss carryforwards in Germany for which no deferred tax assets were formed
amounted to EUR 142,450 thousand (previous year: EUR 143,310 thousand). The German trade tax
loss carryforwards not taken into account amounted to EUR 163,988 thousand as of the balance
sheet date (previous year: EUR 164,628 thousand). No deferred taxes were capitalized for foreign
tax loss carryforwards in an amount of EUR 2,820 thousand (previous year: EUR 3,628 thousand).
This amount, EUR 0 thousand (previous year: EUR 2,714 thousand) can be used for a limited period.
The interest carried forward as a result of the German earnings-stripping rule, for which no deferred
tax assets were formed, totaled EUR 14,603 thousand as of the balance sheet date (previous year:
EUR 12,755 thousand).
The disclosed income tax earnings improved by EUR 426 thousand (previous year: EUR 450 thousand)
as a result of the utilization of previously unconsidered tax loss carryforwards of EUR 2,652
thousand (previous year: EUR 2,414 thousand).
Deferred tax assets on loss carryforwards were reduced by EUR 246 thousand (previous year:
EUR 1,435 thousand) to EUR 0 thousand (previous year: EUR 246 thousand) for the pooling of
tax interests for ALNO AG during the fiscal year. Deferred tax assets on loss carryforwards were
formed in the previous year only in the amount by which deferred tax liabilities exceeded deferred
tax assets from temporary differences.
The deductible temporary differences for which no deferred tax assets were recognized due to a
lack of value retention amounted to EUR 13,739 thousand (previous year: EUR 19,768 thousand).
A write-up will be performed if positive taxable income is achieved in 2011 within the ALNO AG
pooling of tax interests. The amount of the write-up depends on the anticipated taxable profits
based on the four-year tax forecast.
As a result of a longer-standing history of losses, the trade tax loss carryforwards for Gustav
Wellmann GmbH & Co. KG, Enger, are formed only in the amount by which deferred tax liabilities
exceed deferred tax assets from temporary differences. To this extent, deferred tax assets on loss
carryforwards were increased by EUR 96 thousand to EUR 285 thousand (previous year: EUR 189
thousand).
At one foreign company, deferred tax assets on loss carryforwards were increased by EUR 175
thousand to EUR 0 thousand.
Tax deferrals of EUR 768 thousand (previous year: EUR 747 thousand) were not applied to taxable
temporary differences arising from interests in subsidiaries in an amount of EUR 54,839 thousand
(previous year: EUR 53,384 thousand), since the parent company cannot influence the temporal
progression of the release of the temporary difference, and it is likely that the temporary difference
will not be released within the foreseeable future.
Liabilities from income taxes amounted to EUR 194 thousand (previous year: EUR 173 thousand),
and receivables from income tax refund claims totaled EUR 7 thousand (previous year: EUR 102
thousand).