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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:

Download XLS

 

 

 

in thousands of EUR

2015

2014

 

 

 

 

 

 

Premium on investments

39,653

39,467

Interest receivable

39,770

42,466

Deferred taxes

8,044

7,150

Other prepayments and accrued income

64,817

51,498

 

 

 

 

 

 

Balance sheet value as at 31 December

152,284

140,581

 

 

 

The deferred tax item mainly relates to losses of EUR 6.9 million (2014: EUR 6.4 million) incurred by the German branch still to be off-set against future taxable profits which has an unlimited duration.

The other prepayments and accrued income includes currency derivatives for Triodos Investment Funds for the amount of EUR 38,541 (2014: EUR 30,449). This is almost entirely hedged.