(3)
RECEIVABLES
31-12-2009
31-12-2008
66,999 8
82,973 -
Taxation
7,686
4,821
Prepayments and accruals
3,110 993
6,313 3,749
78,796
97,856
Trade receivables ( less provisions for doubtful debts ) Group companies
Other receivables
In general the receivables are due within one year. The total of the tax losses carried for ward amounts to € 43.0 million and can be compensated with profits until December 2011. A deferred tax asset of € 0.5 million is valued as per 31 December 2009 and is included in taxation receivables.
(4)
CASH Deposits Cash and bank balances
31-12-2009 45,756 79,041
31-12-2008 58,575 30,316
124,797
88,891
The outstanding deposits will mature on an average of 0,5 months after balance sheet date. An amount of approximately € 58.5 million (2008: € 40.9 million) is not at NEM’s free disposal. Cash collaterals have been deposited with ABN-AMRO Bank N.V., ING Bank N.V. and Rabobank (the Netherlands) in order to achieve bank guarantees for third parties and for ward contracts.
(5)
GROUP EQUITY Reference is made to the note to shareholders’ equity in the (company) financial statements. The 2008 comparative figures of the consolidated financial statements are adjusted for the acquisition of Standard Fasel B.V. according to the "pooling of interest" method. Therefore equity 2008 in the consolidated balance sheet increases with € 2,435 compared with the companies annual report of 2008.
(6)
PROVISIONS
Deferred
Deferred
taxation provision
Warranty provision
gratification provision
Other provisions
Total
-
2,452
805
-
3,257
Position as at 1 January 2008 Movements in book value Acquisition groupcompany
-
160
-
61
221
Addition
-
1,352
103
250
1,705
Withdrawal Release
- -
– 397 -
– 33 -
- – 40
– 430 – 40
Position as at 31 December 2008
-
3,567
875
271
4,713
4,335
1,297
229
-
5,861
- -
– 898 -
– 20 -
- – 21
– 918 – 21
4,335
3,966
1,084
250
9,635
Movements in book value Addition Withdrawal Release
Position as at 31 December 2009 Provisions have a predominantly long-term character.
Other provisions relate to a provision for pollution as well as a provision for major overhaul with regard to the Scheemda premises. The provision is in line with the cost estimated by experts.
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