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euro adhoc: austriamicrosystems AG
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austriamicrosystems expects lower tax payments for the next years

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
22.08.2005
Tax assessment implies lower minimum tax payments and no deferred tax
impact in coming years
Unterpremstaetten, Austria (August 23, 2005) — austriamicrosystems
(SWX: AMS) has received a tax assessment and supporting advice from
its tax advisors allowing the company to offset future earnings
against previously unrecognized historic impairments and tax loss
carry forwards.
The ability to recognize further historic impairments for tax
purposes will significantly reduce austriamicrosystems’ tax base for
the calculation of minimum corporate income tax payments in the next
years and will result in minimal cash tax payments. Moreover, under
IFRS further historic tax loss carry forwards which can now be
recognized will delay the use of the deferred tax asset currently in
the company’s consolidated balance sheet, leaving the deferred tax
asset materially unchanged for the coming years.
austriamicrosystems emphasizes that, as in the past, the company’s
taxation and tax payments will be subject to standard tax audits by
the Austrian tax authorities, normally held in regular multi-year
intervals. The company’s assessment of its tax position will be
reflected in austriamicrosystems’ tax planning and consolidated group
financial statements from the current quarter going forward.
About austriamicrosystems austriamicrosystems is a leading designer
and manufacturer of high performance analog ICs, combining more than
20 years of analog design capabilities and system know-how with its
own state-of-the-art manufacturing and test facilities.
austriamicrosystems leverages its expertise in low power and high
accuracy to provide industry-leading customized and standard analog
products. Operating worldwide with more than 800 employees,
austriamicrosystems focuses on the areas of power management, sensors
& sensor interfaces, portable audio and car access through its
business units Communications, Industry & Medical, Automotive and
Full Service Foundry. austriamicrosystems is listed on the SWX Swiss
Exchange in Zurich (ticker symbol: AMS). For more information, please
visit the web site at www.austriamicrosystems.com.
end of announcement                               euro adhoc 23.08.2005 06:50:00

Further inquiry note:

Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420
Email: investor@austriamicrosystems.com

Branche: Technology
ISIN: AT0000920863
WKN: 632638
Börsen: SWX Swiss Exchange / official dealing

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