Page 38 - Annual Report 2019

Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes

(7) Inventories

31 Dec. 2019 31 Dec. 2018
Raw materials, consumables and supplies 12,484 17,111
Unfinished goods, services in progress 2,783 3,291
Finished goods and merchandise 14,434 17,250
29,701 37,652

(8) Accounts receivable and other assets

31 Dec. 2019 31 Dec. 2018
Trade receivables 18,706 20,036
Receivables from affiliated companies 91 68
Finished goods and other assets 4,852 3,047
23,649 23,151
Other assets include items with a term of over one year amounting to EUR 8 thousand (prior year:
EUR 0 thousand). The remaining receivables items do not include any long-term items, as was
the case for the previous year.
The receivables from affiliated companies are all trade receivables.

(9) Cash and cash equivalents
The cash and cash equivalents relate to cash-in-hand, cheques and bank balances.

(10) Deferred tax assets and liabilities

Temporary differences between the book value and the tax base are recognised primarily for
tangible fixed assets, receivables and other assets, long-term financial assets, other provisions
and pension provisions. Tax loss carry-forwards are also recognised.
Deferred tax assets and liabilities are only recognised in the annual financial statements of the
Group companies where deferred tax liabilities exceed deferred tax assets. EUR 1,092 thousand in
deferred tax assets were also recognised for consolidation entries during the 2019 fiscal year.
The following table shows the development of deferred tax assets and liabilities during fiscal 2019:

2019 2018 Change
Deferred tax assets 1,092 1,107 -15
Deferred tax liabilities 684 684 0

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