Background
Financial report

Notes to the seperate company balance sheet

1. Intangible fixed assets (in EUR x 1,000)


The movement per category for intangible fixed assets for the year 2014/2015 is as follows:

  Software Total
     
Purchase value - -
Cumulative depreciation - -
     
Book value as per July 1st - -
     
Investments 803 803
Depreciation - -
     
Total 803 803
     
Purchase value 803 803
Cumulative depreciation - -
     
Book value as per June 30 803 803
     

 

2. Tangible fixed assets (in EUR x 1,000)


The movement per category for tangible fixed assets for the year 2014/2015 is as follows:

  Land and
buildings
Plant and
equipment
Other
fixed assets
Total
2014/2015
Total
2013/2014
           
Purchase value 17,144 11,180 157 28,481 26,183
Cumulative depreciation -9,483 -6,943 -126 -16,552 -14,739
           
Book value as per July 1st 7,661 4,237 31 11,929 11,444
           
Investments 977 1,135 38 2,150 2,298
Disposals - - -14 -14 -
Depreciation -775 -1,144 -29 -1,948 -1,813
           
Total 7,863 4,228 26 12,117 11,929
           
Book value as per July 1st 18,121 13,315 181 30,617 28,481
Cumulative depreciation -10,258 -8,087 -155 -18,500 -16,552
           
Book value as per June 30th 7,863 4,228 26 12,117 11,929
           

 

3. Financial fixed assets (in EUR x 1,000)

 

  Partici-
pating
interests
Receiv-
ables from
group
companies
Receiv-
ables from
Vereniging
HZPC
Other
invest-
ments
Deferred
tax
receiv-
ables
Other
receiv-
rables
Total
2014/
2015
Total
2013/
2014
                 
Book value as
per July 1st
25,781 2,864 202 34 1,668 52 30,601 26,125
                 
Investments - - 266 - -188 11 89 35
Result group companies 1,392 - - - - - 1,392 5,134
Dividends/repayments -440 - -102 - - -12 -554 -834
Currency exchange differences 200 - - - - - 200 142
                 
Total movements 2014/2015 1,152 - 164 - -188 -1 1,127 4,476
                 
Book value June 30st 26,933 2,864 366 34 1,480 51 31,728 30,601
                 

4. Inventories (in EUR x 1,000)

  30-06-2015 30-06-2014
     
Packaging 506 472
Finished products 396 -
     
  902 472

5. Trade receivables (in EUR x 1,000)

  30-06-2015 30-06-2014
     
Amortised cost of outstanding receivables 29,933 32,204
Less: provision for bad debts -14,416 -16,146
     
  15,517 16,058

6. Other receivables and accrued Income (in EUR x 1,000)

 

  30-06-2015 30-06-2014
     
Pension premiums 855 719
Licence receivables 410 255
Prepaid expenses 345 336
Premium Social insurance expenses 206 204
Other accrued income 1,672 1,631
     
  3,488 3,145

7. Shareholders’ equity (in EUR x 1,000)

The movement per category of shareholder equity is as follows:

Group equity Issued
capital
Share
premium
Other
legal
reserves
Foreign
currency
translation
reserve
Other
reserves
Total
             
Book value as per July 1st: 15,675 1,433 2,038 16 23,120 42,282
             
Movements in financial year 2014/2015            
Dividend payable - - - - -2,939 -2,939
Result of the year - - - - 4,494 4,494
Foreign exchange differences - - - 201 - 201
Other movements - - 340 - -340 -
  - - 340 201 1,215 1,756
             
Book value as per June 30 15,675 1,433 2,378 217 24,335 44,038
             

Issued capital
The authorised capital on the balance sheet date amounts to EUR 50,000,000 and consists of 2,500,000 ordinary shares with a nominal value of EUR 20. Of these shares, 783,725 have been issued and paid up. The value of the paid and called-up capital amounts to EUR 15,674,500.

Share premium reserve
The share premium concerns the income from the issuing of shares in so far as this exceeds the nominal value of the shares (above par income).

Other legal reserves
Other legal reserves consist of a legal reserve for participating interests. The reserve represents the difference between the participating interests’ retained profit and direct changes in equity, as determined on the basis of the seperate Company’s accounting policies, and the share thereof that the seperate Company may distribute. As to the latter share, this takes into account any profits that may not be distributable by participating interests that are Dutch limited companies based on the distribution tests to be performed by the management of those companies. The legal reserve is determined on an individual basis.

Foreign currency translation reserve
Exchange gains and losses arising from the translation of foreign operations from functional to reporting currency are accounted for in this legal reserve. In the case of the sale of a participating interest, the associated accumulated exchange differences are taken to other reserves.

Other reserves
At the General Meeting, it will be proposed to approve the following appropriation of the 2014/2015 result after tax: declaration of a dividend of EUR 2,938,968 and addition of the remaining amount of EUR 1,554,820 to the other reserves.

8. Other debts and accrued liabilities

  30-06-2015 30-06-2014
     
Licences to be paid 1,164 1,698
Wages and salaries 634 900
Commissions 169 69
Customer settlements 511 -
Holiday allowances 789 549
To be settled pool result 815 533
Other debts 1,911 1,298
     
  5,993 5,047

 

Home