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11. Prepayments and accrued income

The balance sheet value of the prepayments and accrued income as at 31 December can be broken down as follows:

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Amounts in thousands of EUR

2013

2012

 

 

 

Premium on investments

30,403

25,463

Interest receivable

37,577

34,998

Deferred taxes

5,981

3,797

Other prepayments and accrued income

32,759

25,668

 

 

 

 

 

 

Balance sheet value as at 31 December

106,720

89,926

 

 

 

The deferred tax item mainly relates to losses incurred by the German branch still to be off-set against future taxable profits which has an unlimited duration.