BERU AG: BERU Reports Special Income in the Fourth Quarter of 2006 Due to the Capitalization of Corporate Income Tax Credits.LUDWIGSBURG, Germany -- BERU reports special income in the fourth quarter of 2006 due to the capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. of corporate income tax credits The amendment to the German Corporate Income Tax Act will lead to special income of approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7.0 million in 2006 for BERU AG, of Ludwigsburg, Germany. This special income is a result of the amended Corporate Income Tax Act as published in the German Federal Gazette on December 12, 2006. Previously, the realization of corporate income tax credits was linked to realized profit Realized profit (or loss) A capital gain or loss on securities held in a portfolio that has become actual by the sale or other type of surrender of one or many securities. distributions pursuant to Section 37 of the Corporate Income Tax Act. But now, pursuant to Section 37, Subsection subsection Noun any of the smaller parts into which a section may be divided Noun 1. subsection - a section of a section; a part of a part; i.e. 5 of the amended Corporate Income Tax Act, corporate income tax credits will be paid out to companies over a ten-year period from 2008 through 2017 in ten equal annual installments. The refund claim must be capitalized and the resulting receivable will be shown as a discounted asset in the balance sheet as of December 31, 2006. The resulting special income from taxes has no impact on operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. , however. BERU, an automotive supplier based in Ludwigsburg, confirms its most recent guidance, and anticipates sales revenues of approximately EUR435 million in full-year 2006 with an operating profit (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ) of at least EUR52 million. Language: English Issuer: BERU AG Morikestr. 155 71636 Ludwigsburg Deutschland Phone: +49 (0)7141 132-948 Fax: +49 (0)7141 132-586 E-mail: investor-relations@beru.de WWW: www.beru.de ISIN: DE0005072102 WKN: 507210 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin-Bremen, Munchen, Hamburg, Dusseldorf |
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