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15. Accruals and deferred income

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

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Amounts in thousands of EUR

2013

2012

 

 

 

Discount on investments

3,202

3,008

Interest payable

15,422

14,911

Deferred taxes

3,828

4,070

Other accruals and deferred income

30,429

28,982

 

 

 

 

 

 

Balance sheet value as at 31 December

52,881

50,971

 

 

 

The deferred tax item mainly relates to:

  • future profits of the German branch that will be taxed in The Netherlands. The duration is unlimited.
  • temporary differences between the carrying amounts of intangible fixed assets for financial reporting purposes and the amounts used for taxation purposes. The remaining duration is one to four years.