Deferred Taxes.
Deferred taxes have been accrued for under the "temporary concept" in accordance with IAS 12 “Income Taxes,” using the tax rates in force, approved, and known, as of the balance sheet date.
As of September 30, 2016, these items include deferred tax assets of €44,712k (2014/2015: €47,908k) and deferred tax liabilities of €9,126k (2014/2015: €23,229k), after netting off deferred tax liabilities with deferred tax assets. Deferred tax assets of €1,490k (2014/2015: €6,536k) are the result of the probable future utilization of tax losses carried forward. Further explanatory notes on deferred tax assets are contained in Note .