IC Companys – Annual Report 2008/09 0 - IC Companys A/S

13. Other non-current assets
DKK million
Receivables
from subsidiary
undertakings
Non-current
loans to business
partners Deposits, etc.
Netbook value at 1 July 2007 874.5 3.0 0.4
Additions 4.0 -
-
Disposals (2.8)
(1.9) 1.5
Cost at 30 June 2008 875.7 1.1 1.9
Additions 0.3 8.5
-
Disposals - (0.2)
(0.2)
Cost at 30 June 2009 876.0 9.4 1.7
Value adjustment at 1 July 2007 4.3 -
-
Currency translation, etc. (17.7)
- -
Value adjustment at 30 June 2008 (13.4) - -
Currency translation, etc. (103.0) - -
Value adjustment at 30 June 2009 (116.4) - -
Carrying amount at 30 June 2009 759.6 9.4 1.7
Carrying amount at 30 June 2008 862.3 1.1 1.9
The Group has in 2007/08 granted a subordinated loan of DKK 1.1 million to a business partner. DKK 0.2 million
of the loan is due within a year. In 2008/09, DKK 0.9 million of the granted loan is classified as “Non-current
loans to business partners”.
In 2008/09, the group has granted a subordinated loan of DKK 8.5 million to a business partner. The term of the
loan is 4.5 years. The full amount has been classified as “Non-current loans to business partners”.
All loans are interest-bearing.
No security has been received for the loans. The carrying amount of the financial assets corresponds to the fair
value.
14. Deferred tax
Parent Company
DKK million 30.06.2009 30.06.2008
Deferred tax assets at 1 July 59.5 72.5
Prior-year adjustments (0.1) (1.6)
Deferred tax on equity movements (14.4) 3.9
Change in deferred tax on profit for the year 3.4 (15.3)
Net deferred tax assets at 30 June 48.4 59.5
Recognised as follows:
Deferred tax assets 48.4 59.5
Deferred tax - -
Net deferred tax assets at 30 June 48.4 59.5
Breakdown of deferred tax assets at 30 June
Gross deferred tax assets 78.4 90.0
Unrecognised tax assets (30.0) (30.5)
Net deferred tax assets at 30 June 48.4 59.5
Unrecognised tax assets relate to tax losses that are not assessed to be sufficiently likely to be utilised in the
foreseeable future. The unrecognised tax losses have no expiry date.
Changes to temporary differences during the year are as follows:
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