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11. Prepayments and accrued income

The balance sheet value of the prepayments and accrued income as at 31 December can be broken down as follows:

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Amounts in thousands of EUR

2012

2011

 

 

 

Premium on investments

25,463

13,876

Interest receivable

34,998

31,527

Deferred taxes

3,797

3,092

Other prepayments and accrued income

25,668

25,113

 

 

 

 

 

 

Balance sheet value as at 31 December

89,926

73,608

 

 

 

The deferred tax item mainly relates to losses incurred by the German branch still to be off-set against future taxable profits which has an unlimited duration.