The good prospects are based on the all-embracing ... - ALNO AG

More documents

Recommendations

Info

86 ConsoLidatEd FinanCiaL statEmEnts | notEs to thE ConsoLidatEd inComE statEmEnt Expected and actual taxes on income <strong>are</strong> reconciled as follows: in '000 EUR 2011 2010 Profit/loss before income taxes – 25,216 – 12,178 Expected income taxes – 7,060 – 3,410 Effect of different assessment bases / tax rates – 411 68 Unrecognized losses in the financial year 7,188 2,565 Write-down (previous year: write-up) or non-recognition of deferred tax assets on temporary differences 241 – 1,688 Change in deferred tax assets on loss carryforwards – 135 325 Non-tax-deductible operating expenses Impairment of <strong>good</strong>will 0 0 Other non-tax-deductible operating expenses 721 2,036 Taxable sh<strong>are</strong>holders' waiver of repayment 0 1,375 Tax effects due to circumstances in prior periods – 111 – 438 Other differences – 88 73 Actual taxes on income 345 906 Income taxes recognized in the consolidated income statement 345 906 <strong>The</strong> effective income tax rate – defined at 28% (previous year: 28%) in the ALNO Group – is obtained by applying a corporation tax rate of 15% (previous year: 15%) plus the solidarity surcharge of 5.5% on corporation tax, as well as weighted trade income tax on the result before taxes on income. For this reason, the deferred taxes of the German companies <strong>are</strong> calculated with the future income tax rate of 28%. Foreign currency translation yields a change of EUR 1 thousand in deferred tax liabilities. <strong>The</strong> corporation tax loss carryforwards in Germany for which deferred tax assets were not formed amount to EUR 147,939 thousand (previous year: EUR 142,450 thousand). Unrecognized German trade tax loss carryforwards total EUR 191,680 thousand as at the balance sheet date (previous year: EUR 163,988 thousand). Deferred taxes were not capitalized in the amount of EUR 3,578 thousand (previous year: EUR 2,820 thousand) for foreign loss carryforwards. Of these, EUR 587 thousand (previous year: EUR 0 thousand) can be used for a limited period of time. <strong>The</strong> interest carried forward on the basis of interest restrictions in Germany for which deferred tax assets were not formed amounts to EUR 17,429 thousand as at the balance sheet date (previous year: EUR 14,603 thousand). <strong>The</strong> income tax result recognized has been improved by EUR 111 thousand (previous year: EUR 426 thousand) by using previously unrecognized tax loss carryforwards in the amount of EUR 913 thousand (previous year: EUR 2,652 thousand). As in the previous year, deferred tax assets were not formed on loss carryforwards for the tax group of ALNO AG. Deductible temporary differences for which deferred tax assets were not recognized due to impairment totalled EUR 15,264 thousand (previous year: EUR 13,739 thousand). An impairment loss is reversed when a positive taxable income is earned for the tax group of ALNO AG in 2012. <strong>The</strong> amount of this reversal depends on the expected tax gains <strong>based</strong> on the four-year tax budgeting. Due to the prolonged history of loss, trade tax loss carryforwards of Gustav Wellmann GmbH & Co. KG, Enger, <strong>are</strong> only formed on temporary differences to the extent that deferred tax liabilities exceed deferred tax assets. This consequently increases the deferred tax assets recognized on loss carryforwards by EUR 135 thousand to EUR 420 thousand (previous year: EUR 285 thousand). Tax deferrals in the amount of EUR 1,059 thousand (previous year: EUR 768 thousands) were not recognized on taxable temporary differences from interests held in subsidiaries and interests held in associated companies in the total amount of EUR 54,109 thousand (previous year: EUR 54,839 thousand),
ConsoLidatEd FinanCiaL statEmEnts | notEs to thE ConsoLidatEd statEmEnt oF FinanCiaL position as the time at which the temporary difference is reversed can be influenced by the p<strong>are</strong>nt company and the temporary difference will probably not be reversed within the foreseeable future. Income taxes payable amount to EUR 8 thousand (previous year: EUR 194 thousand), while EUR 48 thousand (previous year: EUR 7 thousand) can be collected in income tax refunds. D. notes to the consolidated balance sheet 1. INTaNGIBle asseTs in '000 EUR Accumulated cost of acquisition Industrial property rights and similar rights Goodwill Down-payments and construction in progress Total Total as at 1 January 2010 25,470 4,090 1,254 30,814 Currency differences 7 0 0 7 Additions 314 0 261 575 Disposals – 810 0 0 – 810 Total as at 31 December 2010 24,981 4,090 1,515 30,586 Currency differences 1 0 0 1 Additions 144 0 1,793 1,937 Transfers 8 0 0 8 Disposals – 55 0 0 – 55 Total as at 31 December 2011 25,079 4,090 3,308 32,477 Accum. deprec. and impairm. losses Total as at 1 January 2010 22,730 2,607 0 25,337 Currency differences 7 0 0 7 Additions Amortization 955 0 0 955 Impairment losses 9 0 0 9 Disposals – 810 0 0 – 810 Total as at 31 December 2010 22,891 2,607 0 25,498 Currency differences 2 0 0 2 Additions Amortization 967 0 0 967 Impairment losses 76 0 0 76 Disposals – 55 0 0 – 55 Total as at 31 December 2011 23,881 2,607 0 26,488 Carrying amounts 31 December 2011 1,198 1,483 3,308 5,989 31 December 2010 2,090 1,483 1,515 5,088 1 January 2010 2,740 1,483 1,254 5,477 87
Page 1 and 2:
2011 annual report
Page 3 and 4:
The Alno brAnds <s
Page 5:
Enthusiasm and passion Consolidated
Page 8 and 9:
6 histoRy histoRy 1927 1927 Albert
Page 10 and 11:
8 to ouR shaREhoLdERs | LEttER FRom
Page 12 and 13:
10 to ouR shaREhoLdERs | LEttER FRo
Page 14 and 15:
12 to ouR shaREhoLdERs | BoaRd oF m
Page 16 and 17:
14 to ouR shaREhoLdERs | REpoRt oF
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
20 to ouR shaREhoLdERs | aLno shaRE
Page 24 and 25:
22 Consolidated finanCial statement
Page 26 and 27:
24 sinGLE-Entity and GRoup manaGEmE
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39: 36 sinGLE-Entity and GRoup manaGEmE
Page 62 and 63: 60 Consolidated finanCial statement
Page 64 and 65: 62 ConsoLidatEd FinanCiaL statEmEnt
Page 102 and 103: 100 ConsoLidatEd FinanCiaL statEmEn
Page 126 and 127: 124 dECLaRation By thE statutoRy RE
Page 128: ALNO Aktiengesellschaft 88630 Pfull
show all

The good prospects are based on the all-embracing ... - ALNO AG

Create successful ePaper yourself

Delete template?

Save as template?