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Financial statements

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3 Participations

The movement in the participations and loans recognised in the financial fixed assets that do not belong to the group were as follows:

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6 Deferred tax assets

The compensable losses amounted to € 0.0 million at year-end 2018 (2017: € 3.1 million). Based on the compensable losses, the deferred tax asset was set at € 0.8 million in 2017. This deferred tax asset was realised in 2018.

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9 Deferred tax liabilities

A deferred tax liability of € 0.9 million has been recognised for the difference between the fiscal and commercial valuation of the participations of € 4.4 million at year-end 2018 (2017: € 2.9 million).

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