Glossary

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Accruals

Balance sheet liabilities that include future payments and reductions in value as expenses for the accounting period. The exact amount and/or time of payment for these items are not yet determined by the balance sheet date, but their occurrence is quite certain.

Accruals and deferrals

Payments made or received during the accounting period, but which go into effect after the balance date.

Affiliated companies

JENOPTIK AG and all its subsidiaries, whether or not they are included in the Group’s consolidated financial statements.

Asset ratio

Figure used in the analysis of the asset structure which describes the ratio of non-current assets to total assets.

Associated companies

Companies not completely or majority owned by the parent company, but upon which the parent company exercises significant influence (with an ownership interest of more than 20 percent).

At-equity evaluation

The evaluation of an interest in an affiliated company reflecting the company’s shareholders’ equity and annual earnings proportionate to the interest held.