Annual Report - Miba

62
Income from Investments
Income from investments amounting to EUR 14,000,000.00 (TEUR 12,442.6 in the
previous year) relates solely to profit distributions and profit assumptions from affiliated
companies respectively. During the fiscal year 2004/05, as in previous years, profit
assumption was recognized upon occurrence due to the controlling influence of the parent
company.
Taxes on Income
The impact of the Group’s taxation during the 2004/05 fiscal year resulted in the following
tax yield:
2004/05 2003/04
EUR TEUR
Tax allocation by Group members -5,760,380.48 0.0
Deferred tax payment obligations on
Group losses from foreign Group members 1,511,768.25 0.0
Current expenditure for taxes 1,281,087.08 211.0
Foreign withholding tax 34,288.17 0.0
Tax payments for previous years 22,436.60 2.7
-2,910,800.38 213.7
Changes in untaxed reserves based on the company’s tax situation led to a EUR 218.65
increase in the income tax base (an increase of EUR 36.81 from the previous year).
In accordance with Article 198 paragraph 10 of the Austrian Commercial Code (HGB), the
amount allowable for deferred taxes which can be reported as an asset (that, however,
was not reported) amounts to EUR 523,962.78 (TEUR 942.8 in the previous year) as of
January 31, 2005.