Translation of "Latenter steuern" in English

These programmes support the calculation of current and deferred taxes.

Net deferred tax assets resulted from the following items on the Balance Sheet:

Management judgements come into play in the calculation of actual taxes and deferred taxes.

The continuing positive earnings situation led to a decrease in deferred tax assets, which resulted in a corresponding tax expense.

Actuarial gains and losses, including deferred taxes, are recognised in other comprehensive income (loss).

Management can exercise judgement when calculating the amounts of current and deferred taxes in the rel- evant countries.

The public sector received 9.0 % (2008: 2.5 %), including deferred tax liabilities.

The original equity component of the convertible bond issue was recognized directly in equity, taking deferred taxes into account.

In addition to this, there will be one-time costs of EUR 9 million from the depreciation of deferred tax assets.

In accordance with the provisions in IAS 12, deferred tax assets and liabilities are not discounted.

A major share of these tax expenses results from the release of capitalized deferred tax assets related to tax losses carried forward.

The increase in the prior-year values is the result of the adjusted recognition of deferred taxes in the calculation of these figures.

Unrealised gains and losses, including deferred taxes, are reported in other comprehensive income (loss) until they are realised.

NAV before deducting deferred taxes amounted to CHF89.96 (end of 2011: CHF89.02).

With regard to Germany’s third argument, that losses of ailing companies are usually not attributed any value by auditors when calculating deferred tax for consolidated financial statements, and therefore the possibility of carrying forward losses has no impact on the sale price of the ailing company, the Commission notes first that this is based on accounting criteria and is therefore irrelevant for tax considerations.

NAV before deducting deferred tax liabilities grew by 2.7% to CHF 73.92 (end of 2008: CHF 72.01).

NAV before deducting deferred tax liabilities grew by 1.4% to CHF 76.88 (end of 2009: CHF 75.79).

The reversal of impairment in the amount of €43 million on deferred tax assets for existing losses carried forward in the United States and the recognition of deferred tax assets on losses carried forward in France in the amount of €21 million reduced the total tax expense to €-160 million.

The equity component of the convertible bond issue, amounting to € 17.6 million, was recognized directly in equity, taking deferred taxes into account.

The total amount of unrecognised deferred tax assets relating to loss carryforwards is therefore €139.6million (2015: €29.3million), of which €130.1million (2015: €27.1million) concerns tax losses that can be carried forward indefinitely.

At Group level, this transaction results in the one-time recognition of EUR 4.5 million in deferred tax assets, which are being recognized with effect on net income in Q4 2010 under the item 'income taxes'.

The total amount of unrecognised deferred tax assets relating to loss carryforwards was therefore €34.2million (2013: €49.7million), of which €32.3million (2013: €41.0million) concerns tax losses that can be carried forward indefinitely.

Taking into account significantly higher income taxes (deferred tax assets) of EUR 7.2 million (prior year: EUR 5.0 million), the paragon Group generated a consolidated income of EUR 3.4 million in the period under review (prior year: EUR -4.0 million).

In departure from the forecast for a positive net income at the end of 2012, the KION Group now expects net income to be significantly higher, partly due to one-off tax items arising from the capitalisation of deferred taxes.

The utilization of deferred tax assets depends on the possibility of generating sufficient taxable income in a particular tax category and tax jurisdiction, taking into account where appropriate any statutory restrictions relating to the maximum periods over which losses may be carried forward.

The low effective tax rate in 2017 reflected a non-cash deferred tax credit of US$6.7 million resulting from US tax reform and a credit of US$19.3 million due to the tax effects of unpredictable currency exchange rate movements.

This restatement is non-cash relevant, independent from management's assessment of expected business developments and takes account of the strict requirements of the International Financial Reporting Standards (IFRS) regarding deferred tax assets.