Business Report 2005 - Interseroh

Deferred tax liabilities are balanced against corresponding claims insofar as the same tax
subject and same fiscal authority are concerned.
All loss carry-forwards for tax purposes can be used for an unlimited period of time.
Deferred tax receivables due to temporary differences and existing loss carry-forwards for tax
purposes totalling EUR 1.89 million (previous year: EUR 2.65 million) were not capitalised. They
concern mainly foreign companies where realisation of the deferred tax claims can be seen as
uncertain today.
(17) Inventories
2005
EUR million
2004
EUR million
Raw materials and supplies 1.29 2.87
Work in progress 7.42 10.35
Finished goods 8.38 22.37
Merchandise 17.13 5.02
Advances to suppliers 3.75 1.87
37.97 42.47
Of the inventories shown on the closing date, EUR 9.10 million (previous year: EUR 9.53
million) were entered in the balance sheet at their net selling value.
The value adjustments on inventories amounted to EUR 1.37 million (previous year: EUR 1.55
million) in the financial year.
(18) Trade accounts receivable
2005
EUR million
2004
EUR million
Receivables from
Third parties 131.02 138.83
Less value adjustments -4.55 -6.93
Affiliated companies 0.41 0.09
Associated companies 0.01 0.14
Holdings 0.01 0.00
126.90 132.13
All trade accounts receivable shown are due within a year.
Receivables amounting to EUR 5.22 million (previous year: EUR 0.00 million) serve as
security for liabilities valued at a total of EUR 1.40 million (previous year: EUR 0.00 million) within the
framework of a global assignment. There are no other restraints on ownership and disposal regarding
the trade accounts receivable.
(19) Current income tax claims and other receivables
2005
EUR million
2004
EUR million
Tax reimbursement claims
⋅ Current income tax 10.01 2.66
⋅ Other 4.72 3.91
Security payments 1.11 1.15
Advances to suppliers 0.59 0.31
Creditors with debits 0.41 0.40
Receivables from insurance companies and other claims for compensation 0.42 0.12
Other 3.34 2.47
20.60 11.03
50