Notes to the company financial statements

Accounting policies

The company financial statements have been prepared in accordance with accounting policies generally accepted in the Netherlands and comply with the financial reporting requirements (NL GAAP), using the option provided in Section 362, paragraph 8, of Book 2 of the Dutch Civil Code to apply the accounting policies used in the consolidated financial statements to the company financial statements. These are the IFRS provisions, as adopted by the European Union.

Please refer to the notes to the consolidated balance sheet and profit and loss account for the accounting policies. These notes contain additions to the notes to the consolidated financial statements.

Interests in group companies are stated at net asset value. If and to the extent that the company is unable to transfer results to itself due to restrictions, the results will be added to a statutory reserve.