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Note 6. Deferred tax assets

Based on tax filings, ASMI has net operating losses available at December 31, 2015 of €131,310 to reduce future income taxes. The Company believes that realization of its net deferred tax assets is dependent on the ability of the Company to generate taxable income in the future. Given the volatile nature of the semiconductor equipment industry and past experience, the Company believes that there is currently sufficient evidence to recognize a deferred tax asset in the amount of €5,000.