Goodwill
The disposals include write-offs of fully amortized goodwill amounting to EUR 29,427k.

In the previous year, trade receivables (EUR 422k), other assets (EUR 25,752k), and deferred tax assets (EUR 42,625k) 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 12,562k was made for deferred tax assets in the business year for which the probability of recognition was considered insufficient.

Prepaid expenses comprise the differences between net loan proceeds and the amount repayable to banks (debt discounts) amounting to EUR 176k (previous year: EUR 246k).

The unappropriated retained earnings equal that of the parent company and contain the amount carried forward from the previous year of EUR 39k.

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.

In the previous year, liabilities to banks (EUR 184,722k), advance payments received on account of orders (EUR 4,210k), trade payables (EUR 312,469k), liabilities on bills accepted and drawn (EUR 3,280k), payables to affiliated enterprises (EUR 790k), payables to enterprises in which investments are held (EUR 6,978k) and other liabilities (EUR 106,385k) had a remaining term of less than one year.

Of the liabilities to banks, EUR 15,657k is secured by property liens and EUR 4,724k by similar rights.