Balance sheet as at 31 December

Before appropriation of result, all amounts in € thousands


	Note	2014		2013
Assets
Tangible fixed assets	1
Leasehold improvements		765		960
Equipment		903		1,022
			1,668		1,982

Financial fixed assets
Group companies	2	-		4,570
Other participations	3	9,831		3,929
			9,831		8,499

Current assets
Receivables		2		197
Receivables group companies	4	686		-
Taxes	5	1,450		887
Deferred tax assets	6	4,470		4,250
Other receivables and accrued assets		177		91
Cash and cash equivalents	7	12,486		12,611
			19,271		18,036

Total assets			30,770		28,517

Equity and liabilities
Issued capital		225		225
Share premium		41,367		41,367
Retained earnings		(17,579)		(22,482)
Net result for the year		3,173		4,903
Shareholders' equity	8		27,186		24,013

Current liabilities
Accounts payable		257		38
Liabilities group companies	9	-		962
Taxes and social security premiums	10	894		853
Pension premiums	11	589		598
Other liabilities		749		1,057
Accrued liabilities		1,095		996
			3,584		4,504

Total equity and liabilities			30,770		28,517