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  "notes": "Page 8 of the 2024 Financial Statements.",
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      "text": "To improve the presentation of the net assets, financial and earnings position, the option offered by Section 274 Paragraph 1 Sentence 2 HGB of capitalising the net asset of EUR 4,019m resulting from offsetting deferred tax assets and liabilities has been used.",
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      "text": "DEFERRED TAXES\nTemporary or quasi-permanent differences between the valuations of assets, liabilities, prepaid expenses and deferred income in the financial statements for commercial law and tax purposes, or resulting from tax loss carry-forwards are measured and recognised using the individual tax rates at the time when the differences are reduced. Deferred tax assets and liabilities are recognised as a net amount. Deutsche Lufthansa AG not only recognises differences resulting from items in its own balance sheet, but also for companies in the same income tax group.\n\nTax loss carry-forwards are recognised to the extent that the deferred tax assets are likely to be used in the future. Company earnings forecasts are used to determine whether deferred tax assets from losses carried forward are usable or not, i.e. whether they have a value that can be realised. A five-year period is used to account for deferred taxes on loss carry-forwards.",
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      "text": "Interests which are acquired through a contribution in kind or premium in kind are usually measured as acquisition costs at the fair value of the asset contributed. The fair value is normally calculated using generally accepted valuation methods (e.g. as the value of future income based on the discounted cash flow method) while applying the principles of IDW S 1.",
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      "text": "LIABILITIES\nLiabilities are shown at the amount needed to settle them.",
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      "text": "VALUATION OPTIONS\nTo improve the presentation of the net assets, financial and earnings position, the option offered by Section 274 Paragraph 1 Sentence 2 HGB of capitalising the net asset of EUR 4,019m resulting from offsetting deferred tax assets and liabilities has been used.\n\nDeutsche Lufthansa AG exercises the option under Art. 28 Paragraph 1 Sentence 2 of the Introduction to the German Commercial Code (EGHGB) not to report in its balance sheet the indirect pension commitments for employees in Germany, the United Kingdom, the USA, Canada and Switzerland. The indirect pension commitment granted in Germany is an occupational pension scheme commitment funded with matching cover. The schemes in other countries have been fully funded in accordance with local rules and there are currently no additional funding obligations.\n\nTo improve the presentation of the earnings position, instruments to hedge the price of future fuel requirements, foreign currency hedging transactions to hedge exchange rates as well as interest rate hedges for interest-bearing financial liabilities are combined with the\n\ncorresponding hedged items within valuation units in accordance with Section 254 HGB. Possible onerous contracts in the form of a valuation unit are calculated in line with sales markets, so that, according to the principle of loss-free valuation, no impending losses are recognised, insofar as no loss is incurred from future sales business.",
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      "text": "NOTES General disclosures",
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