PDF (7.3 MB) - GILDEMEISTER Interim Report 3rd Quarter 2012

160Consolidated Financial Statements of gildemeister Aktiengesellschaft: Notes to the Consolidated Financial Statements15 share of profits andlosses of equityaccountedinvestmentsLosses from equity accounted investments amount to € –403 k (previous year: € 0 k).This includes the assumption of losses of a total of € –564 k (previous year: € 0 k). Theseresulted from the pro rata result in the reporting year of dmg / Mori Seiki Australia Pty. Ltd.,in an amount of € –561 k (previous year: € 0 k) as well as from sun carrier omega Pvt. Ltd.in an amount of € –3 k (previous year: € 0 k). In addition, in financial year 2010 pro rataincome from the equity investment in mg Finance GmbH in an amount of € 161 k (previousyear: € 0 k) was recognised.16 income taxesThis account represents current and deferred tax expenditure and income that breakdown as follows:2010 2009€ k € kCurrent taxes 6,869 9,466of which domestic 1,510 2,443of which foreign 5,359 7,023Deferred taxes – 4,637 – 7,063of which domestic – 2,539 – 2,870of which foreign – 2,098 – 4,1932,232 2,403consolidated financialstatementsAt the domestic companies current taxes include corporate income and trade tax,and at the international companies comparable earnings-linked taxes that were determinedon the basis of the appropriation of profits. The computation was made on the basis ofthe tax regulations applicable to the individual companies.In the accounting period 2010, an amount of € 417 k (previous year: € 982 k) resultedfrom tax income for prior years. An amount of € 1,198 k (previous year: € 280 k) is includedfor tax expenses for prior years.Deferred tax income unrelated to the accounting period of € 1,595 k (previous year:€ 2,135 k) is set off against deferred tax expenditure unrelated to the accounting periodof € 204 k (previous year: € 225 k).Current income tax expense was reduced through the use of tax loss carry forwardsnot yet recognised from previous accounting periods by € 32 k (previous year: € 1,887 k),for which no taxes had yet been accrued. In addition, a tax reduction of deferred taxexpense took place due to tax losses not yet recognised from previous periods in theamount of € 1,298 k (previous year: € 1,357 k).