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DES - Online Annual Report 2009

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13. Deferred tax liabilities

in € thousands As at 1 Jan 2009 Utilisation Reversal Addition As at 31 Dec 2009
Deferred tax liabilities 82,313 0 199 3,486 85,600

Deferred tax liabilities relate primarily to properties reported at fair value in accordance with IAS 40. At the balance sheet date, they totalled €104,301 thousand (previous year: €98,937 thousand) and were partially offset by deferred tax assets on tax loss carryforwards of €15,248 thousand (previous year: €16,624 thousand). In addition, deferred tax assets were formed on cash flow hedges recognised in equity in the amount of €2,787 thousand and on currency items in the amount of €583 thousand. lease also see the consolidated statement of comprehensive income.

Additions for companies in Germany were €4,240 thousand, while additions of €2,699 thousand were made for companies abroad. In the year under review, deferred tax assets of € 3,453 thousand were formed on cash flow hedges recognised in equity, currency items and costs of the capital increase and were offset against the additions.

Due to the lowering of the rate of corporation tax in Hungary from 20% to 19% from 2010, deferred taxes of €199 thousand were released to income.

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