Accounts receivable and other assets
 In the previous year, trade receivables (EUR 153k) from affiliated enterprises (EUR 209k) and other assets (EUR 12 402k) had a remaining term of more than one year. The deferred tax assets were formed as a result of deductible timing differences. A valuation allowance of EUR 35 920k was made for deferred tax assets for which the probability of recognition was considered insufficient. The previous year's value of EUR 8 097k was included in prepaid expenses in the 2004 business year. Prepaid expenses comprise the difference between net loan proceeds and the amount repayable to banks (debt discounts) amounting EUR 246k (previous year EUR 464k). In the previous year, deferred taxes of EUR 8 097k were included, which are now shown under Accounts receivable and other assets in view of the change in the accounting of deferred taxes. The unappropriated retained earnings equal that of the parent company and contain the amount carried forward from the previous year of EUR 97k. Other accruals are comprised mainly of potential losses from pending transactions, obligations with regard to personnel matters, warranty- related risks, and expenditure arising in the years to come. Liabilities
 In the previous year, liabilities to banks (EUR 123 231k), advance payments received on account of orders (EUR 2 742k), trade payables (EUR 297 356k), liabilities on bills accepted and drawn (EUR 3 742k), payables to affiliated enterprises (EUR 674k), payables to enterprises in which investments are held (EUR 6 794k) and other liabilities (EUR 92 222k) had a remaining term of less than one year. Of the liabilities to banks, EUR 15 195k is secured by property liens and EUR 7 084k by similar rights. Contingent liabilities
 Other financial obligations
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