Annual Report - Miba
Annual Report - Miba
Annual Report - Miba
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98<br />
For the 2004/05 fiscal year, deferred tax liabilities amounting to TEUR 25 were included<br />
under shareholder's equity with a neutral effect on income.<br />
In accordance with IAS 12.39 (Income Taxes), no deferred taxes for differences resulting<br />
from investments in subsidiaries were reported on the balance sheet.<br />
Deferred taxes on losses carried forward were reported only in the amount in which<br />
Management expects future taxable income.<br />
15. Inventories<br />
Inventories are composed of the following:<br />
in TEUR<br />
01/31/2005 01/31/2004<br />
Raw and auxiliary materials and supplies 8,227 8,521<br />
Semi-finished products 12.505 10,213<br />
Finished products 20,864 19,096<br />
Total 41,596 37,830