IC Companys â Annual Report 2008/09 0 - IC Companys A/S
IC Companys â Annual Report 2008/09 0 - IC Companys A/S
IC Companys â Annual Report 2008/09 0 - IC Companys A/S
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foreseeable future. The unrecognised tax losses have in all material respects no expiry date. See also note 26 to<br />
the financial statements. Temporary differences and changes to these during the year are specified as follows:<br />
DKK million<br />
Net deferred<br />
tax asset at 1<br />
July <strong>2008</strong><br />
Currency<br />
translation<br />
Group<br />
<strong>2008</strong>/<strong>09</strong><br />
Recognised in<br />
profit for the Recognised in<br />
year equity<br />
Net deferred<br />
tax asset at 30<br />
June 20<strong>09</strong><br />
Intangible assets 3.4 0.5 (2.9) - 1.0<br />
Property, plant and equipment 16.4 (0.6) 6.9 -<br />
22.7<br />
Receivables 8.1 (0.2) 7.0 -<br />
14.9<br />
Inventories 32.2 (0.1) 2.5 -<br />
34.6<br />
Provisions 8.6 (0.1) 6.9 -<br />
15.4<br />
Other current liabilities (49.6)<br />
4.3 3.8 - (41.5)<br />
Financial instrument 8.0 - - (13.9) (5.9)<br />
Tax losses carried forward 162.2 0.5 (3.5) - 159.2<br />
Unrecognised tax assets (110.3) - (0.4) - (110.7)<br />
Total 79.0 4.3 20.3 (13.9) 89.7<br />
DKK million<br />
Net deferred<br />
tax asset at 1<br />
July 2007<br />
Currency translation<br />
Group<br />
2007/08<br />
Recognised in<br />
profit for the<br />
year<br />
Recognised in<br />
equity<br />
Net deferred<br />
tax asset at 30<br />
June <strong>2008</strong><br />
Intangible assets 10.1 - (6.7) - 3.4<br />
Property, plant and equipment 19.7 - (3.3) - 16.4<br />
Financial assets 0.8 - (0.8) - -<br />
Receivables 5.2 - 2.9 -<br />
8.1<br />
Inventories 22.8 0.1 9.3 - 32.2<br />
Provisions - - 8.6 -<br />
8.6<br />
Other current liabilities (37.1)<br />
0.8 (13.3) - (49.6)<br />
Financial instrument 1.6 - - 6.4 8.0<br />
Share-based payment 9.9 - (2.5) (7.4) -<br />
Tax losses carried forward 203.2 - (41.0) - 162.2<br />
Unrecognised tax assets (128.1) - 17.8 - (110.3)<br />
Total 108.1 0.9 (29.0) (1.0) 79.0<br />
15. Inventories<br />
DKK million 30.06.20<strong>09</strong> 30.06.<strong>2008</strong><br />
Raw materials and consumables 26.8 35.3<br />
Finished goods and goods for resale 287.5 361.7<br />
Goods in transit 125.3 135.4<br />
Inventories at 30 June 439.6 532.4<br />
Movements in inventory writedowns:<br />
DKK million 30.06.20<strong>09</strong> 30.06.<strong>2008</strong><br />
Write-downs at 1 July 98.6 90.9<br />
Write-downs, additions 93.1 62.7<br />
Write-downs, reversals (36.6) (55.0)<br />
Write-downs at 30 June 155.1 98.6<br />
Inventories recognised at net realisable value amount to DKK 92.0 million at June 20<strong>09</strong> (2007/08 DKK 113.3<br />
million).<br />
<strong>IC</strong> <strong>Companys</strong> – Årsrapport <strong>2008</strong>/<strong>09</strong><br />
Group<br />
Group<br />
63
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