Catom Annual Report 2020 EN

Notes to the consolidated balance sheet and profit and loss account

1. General explanation

1.1. Activities The activities of Catom B.V. (the company), Chamber of Commerce registration number 24287136, having its corporate seat in Breda and its principal place of business at Verlengde Poolseweg 32 in Breda, and its group companies (‘the Group’) mainly comprise: providing logistics services to the oil industry. The activities of the group consist of loading, unloading, transhipment, storage of and the wholesale in oil products and the operation of petrol stations and convenience shops.

Nearly all sales activities take place within the Netherlands.

1.2. Changes in accounting policy There were no changes in accounting policy in 2020.

1.3. Covid-19 Early in 2020 the spreading of the Covid-19 virus became world news. As a result, the government has taken restrictive measures. Catom, as a supplier of fuels and lubricants, forms part of one of the sectors that haven been identified as a vital by the government. As a consequence, the activities of all three core activities – wholesale, business-to business, and retail – will be continued. In practice, the government measures have been implemented and they are not very difficult to follow, which has given Catom a chance to show that it is well capable of adapting to situations like this one. Any risks with regard to further developments on a macro level, both relating to oil prices and to economic developments as a whole in the long run, which might also cause serious setbacks for the construction sector and the transport sector, have not materialised so far. This might affect Catom and its subsidiaries financially, which has not happened as of yet. Even though it is impossible to estimate the degree to which such setbacks might affect Catom, it is very confident about its results for 2021.

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