IMMOEAST Annual Report 2006/07

All amounts in TEUR 2006/07 2005/06
Earnings before tax 645,452.2 182,945.6
Income tax expense at tax rate of 25% -161,363.0 25.0% -45,736.4 25.0%
Different tax rates 39,005.6 -6.0% 8,548.5 -4.7%
Changes in tax rates 0.0 0.0% 0.0 0.0%
Amortisation of goodwill/reversal of negative goodwill -9,557.2 1.5% 3,305.3 -1.8%
Balance sheet recognition of losses, not through profit or loss 23,206.8 -3.6% 0.0 0.0%
Non-deductible expenses -5,237.3 0.8% -2,485.6 1.4%
Tax-free income 7,728.0 -1.2% 2,592.4 -1.4%
Valuation adjustments to deferred taxes -2,370.3 0.4% -2,671.0 1.5%
Effects related to other periods and other non-temporary differences -681.7 0.1% -1,207.6 0.7%
Effective tax rate -109,269.1 16.9% -37,654.3 20.6%
6. Notes to the Cash Flow Statement
The Cash Flow Statement for the IMMOEAST Group shows the changes in cash and cash equivalents resulting from
the inflow and outflow of funds during the reporting year. The Cash Flow Statement distinguishes between cash flows
from operating activities, investing activities, and financing activities. Cash flow from operating activities is calculated
using the indirect method in accordance with IAS 7.18 (b). Cash and cash equivalents of TEUR 22,529.2 (2005/06:
TEUR 14,129.0) are attributable to companies consolidated on a proportionate basis. All information required by
IAS 7 is provided in the statement of cash flows. The following assets and liabilities, which were acquired through
the purchase of property companies, are stated at present value:
All amounts in TEUR 2006/07 2005/06
Cash and cash equivalents 47,614.9 19,143.2
Intangible assets (excluding goodwill) 4.1 99.6
Receivables and other assets 93,608.3 22,445.2
Deferred tax assets 4,292.9 7,265.1
Property 968,167.5 889,706.1
Tangible assets 702.2 1,292.7
Financial liabilities -190,057.1 -329,662.4
Trade accounts payables -18,253.7 -16,578.4
Other liabilities -195,361.9 -153,736.4
Provisions -630.0 -2,316.4
Deferred tax liabilities -149,694.4 -94,217.2
Minority interests -7,399.5 -0.1
Currency translation adjustment -2,451.0 886.2
Acquired net assets 550,542.3 344,327.2
(Negative) goodwill 200,655.1 -13,974.7
Outstanding purchase prices -50,857.4 -50,681.7
Purchase prices paid in cash 700,340.0 279,670.9
Less cash and cash equivalents acquired -47,614.9 -19,143.2
Net purchase price for property companies 652,725.1 260,527.6
Notes
Report by the Executive Board 219
Highlights 2006/07
Business Model and Strategy
Portfolio Structure
Corporate Governance and Outlook
Property Portfolio
Development of Business
Consolidated Financial Statements
Service and Glossary
IAS7.18(b)