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## Notes to the consolidated financial statements 

For the year ended 31 December 2012 

## 5. Income taxes continued 

A reconciliation of income taxes determined using the combined German income tax rate of 28.4% (2011: 28.4%), is as follows: 

<img src='content_image/278722.jpg'>

Deferred income tax assets and liabilities are summarised as follows: 

<img src='content_image/278723.jpg'>

[1] Impaired in FY 2005. In 2012 an impairment of US$nil (2011: US$2,079,000) was reversed 

