Annual Report 2009 - Ecco
Annual Report 2009 - Ecco
Annual Report 2009 - Ecco
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Notes to the Group and Parent Company financial statements<br />
8. Investments in subsidiaries<br />
DKK ’000<br />
Investments<br />
in subsidiaries<br />
Receivables<br />
from subsidiaries<br />
<strong>2009</strong> 2008 <strong>2009</strong> 2008<br />
Cost at 1 January 666,019 665,890 724,318 666,174<br />
Additions 4,132 129 83,097 179,160<br />
Disposals - - (164,052) (121,016)<br />
Cost at 31 December 670,151 666,019 643,363 724,318<br />
Accumulated revaluation at 1 January 672,491 501,989 - -<br />
Currency translation of foreign subsidiaries<br />
Regulation in connection with foreign<br />
(4,818) (8,740) - -<br />
currency hedging of future sales of subsidiaries 4,239 30,090 - -<br />
Profit after tax of subsidiaries 212,059 323,942 - -<br />
Dividend (145,102) (174,790) - -<br />
Net revaluation 66,378 170,502 - -<br />
Accumulated revaluation at 31 December 738,869 672,491 - -<br />
Intercompany gains (220,003) (237,649) - -<br />
Carrying amount at 31 December 1,189,017 1,100,861 643,363 724,318<br />
9. Deferred tax<br />
DKK ’000<br />
Group Parent Company<br />
<strong>2009</strong> 2008 <strong>2009</strong> 2008<br />
Deferred tax comprises:<br />
Inventories, unrealised intercompany gains 56,210 55,984 56,210 48,929<br />
Other assets 17,209 22,861 (28,387) (14,537)<br />
Recognised at 31 December 73,419 78,845 27,823 34,392<br />
Recognised at 1 January (78,845) (68,467) (34,392) (29,729)<br />
Total adjustment (5,426) 10,378 (6,569) 4,663<br />
Of which adjusted in equity (3,891) 2,334 3,109 2,334<br />
ECCO’s <strong>Annual</strong> Accounts <strong>2009</strong> / Notes to the Group and Parent Company financial statments 51
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