Notes to the seperate company financial statement 2014/2015
The separate company financial statements are part of the 2014/2015 financial statements of the group. For the separate company profit and loss statement, use has been made of the exemption pursuant to Section 2:402 of the Netherlands Civil Code.
In so far as no further explanation is provided of items in the separate company balance sheet and the separate company profit and loss account, please refer to the notes to the consolidated balance sheet and profit and loss account.
The principles for the valuation of assets and liabilities and the determination of the result are the same as those applied to the consolidated profit and loss account, with the exception of the following principles:
In the separate company financial statements, financial instruments are presented on the basis of their legal form.
Participating interests in group companies
Participating interests in group companies are accounted for in the separate company financial statements according to the equity accounting method on the basis of net asset value. For details we refer to the accounting policy for financial fixed assets in the consolidated financial statements.
Share of result of participating interests
This item concerns the company’s share in the profit or loss of these participating interests. In so far as gains or losses on transactions involving the transfer of assets and liabilities between the company and its participating interests or between participating interests themselves can be considered unrealised, they have not been recognised.