Deutsche Beteiligungs AG: Revenue Office revises opinion on value-added tax

Deutsche Beteiligungs AG  / Key word(s): Quarter Results/Legal Matter

08.05.2012 20:38

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Announcement consistent with § 15 WpHG
Deutsche Beteiligungs AG, WKN 550 810/
ISN DE0005508105

Deutsche Beteiligungs AG: Revenue Office revises opinion on value-added tax

Positive income effect of more than 0.70 euros per share for Deutsche
Beteiligungs AG

In its interim financial statements at 30 April 2012 (second quarter of
financial year 2011/2012), Deutsche Beteiligungs AG will record one-off
income of more than ten million euros, or more than 0.70 euros per share,
from the reversal of provisions. The basis for this is a memorandum issued
today by the fiscal authority of the state of Hesse on its decision of not
imposing value-added tax on income from the management of one of the
co-investments funds raised by Deutsche Beteiligungs AG.

Deutsche Beteiligungs AG had made provisions, including retrospectively for
former financial years, in its 2009/2010 annual accounts and since then in
all interim accounts totalling more than ten million euros for potential
value-added tax charges on income from the management of co-investment
funds. The fiscal authority had argued within the scope of a tax audit that
such income is subject to value-added tax. In conformity with the
perception of the law that has now been confirmed, Deutsche Beteiligungs AG
assumed that such income was not subject to value-added tax.

Deutsche Beteiligungs AG is currently valuating its portfolio investments
for the interim financial statements at 30 April 2012. These valuations
form the basis for the net result of valuation, a key component for the
company's net income. For that reason, the result for the second quarter,
and, thus, for the half year, is not yet available. The interim report will
be issued on 14 June 2012.

The Board of Management
Frankfurt am Main, 8 May 2012


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Language:     English
Company:      Deutsche Beteiligungs AG
              Börsenstrasse 1
              60313 Frankfurt am Main
              Germany
Phone:        +49 (0)69 957 87-01
Fax:          +49 (0)69 957 87-199
E-mail:       welcome@deutsche-beteiligung.de
Internet:     www.deutsche-beteiligung.de
ISIN:         DE0005508105
WKN:          550810
Indices:      SDAX
Listed:       Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
              Freiverkehr in Berlin, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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