DES GB2015 Englisch

F. TRADE PAYABLES Trade payables are recognised at their repayment amount. G. OTHER LIABILITIES Other liabilities are recognised at amortised cost. H. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash and bank balances (terms of up to three months) at their principal amounts. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD Investments in associates and joint ventures are initially recognised at cost in the balance sheet and adjusted by changes in the Group’s share of the equity of the associate/joint ventures after the date of acquisition. At every reporting date, the Group reviews whether there are indications that the shares need to be impaired in relation to the amortised carrying amounts. DEFERRED TAXES In accordance with IAS 12, deferred taxes are recognised for all dif- ferences between the tax accounts and the IFRS balance sheet, using the currently enacted tax rate. At present, deferred taxes are primarily formed on the differences between the IFRS carrying amounts of the properties and their carrying amounts for tax purposes. A uniform cor- porate tax rate of 15% plus the solidarity surcharge of 5.5% was used for German companies, and in some cases a rate of 16.45% for trade tax. The local tax rates, ranging between 19% and 25%, were applied for foreign companies. In accordance with IAS 12.74, deferred tax assets on existing loss carryforwards are offset against deferred tax liabilities. OTHER PROVISIONS Under IFRS, other provisions may only be recognised if a present ob- ligation exists towards a third party and payment is more likely than not. Non-current provisions are discounted. NOTES TO THE CONSOLIDATED BALANCE SHEET – ASSETS 1. INTANGIBLE ASSETS Concessions, industrial and similar rights and licences in such rights and assets in € thousand 2015 2014 Costs as at 01.01. 50 64 Additions 0 14 Disposals 0 -28 as at 31.12. 50 50 Depreciation as at 01.01. -33 -56 Additions -9 -5 Disposals 0 28 as at 31.12. -42 -33 Carrying amount at 01.01. 17 8 CARRYING AMOUNT AT 31.12. 8 17 This item consists mainly of software licences. 2. PROPERTY, PLANT AND EQUIPMENT Other equipment, operating and office equipment in € thousand 2015 2014 Costs as at 01.01. 571 530 Additions 76 51 Disposals -79 -10 as at 31.12. 568 571 Depreciation as at 01.01. -178 -117 Additions -76 -71 Disposals 51 10 as at 31.12. -203 -178 Carrying amount at 01.01. 393 413 CARRYING AMOUNT AT 31.12. 365 393 155 CONSOLIDATED FINANCIAL STATEMENTS Costs as at 01.01. 5064 Additions 014 as at 31.12. 5050 Disposals 028 Carrying amount at 01.01. 178 AT 31.12. 817 Costs as at 01.01. 571530 Additions 7651 as at 31.12. 568571 Disposals 5110 Carrying amount at 01.01. 393413 AT 31.12. 365393

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