Catom Annual Report 2020 EN

One of the loans relates to a former customer. As per 24 October 2005 a mortgage right was granted as security on the dwelling, business premises and the land on which they are erected. The interest rate is 6%.

4. Stocks

The stocks consist of motor fuels, lubricants and shop articles.

€

2020

2019

Stocks of motor and other fuels

19,937,398

15,483,153

Stock of lubricants

2,250,402

2,699,457

Shop stock

1,724,160

1,389,318

23,911,960 19,571,928

No provision for obsolescence of the stocks has been provided for, as inspections have learnt that this is unnecessary with a view to the turnover ratio.

5. Receivables

The receivables are all due within one year and consist of trade receivables, prepaid pension contributions and other prepaid expenses.

A provision for bad debts has been recognised amounting to € 143,554 (end of 2019: € 318,256), which has been deducted from the trade receivables balance.

6. Cash and cash equivalents

The balance of cash and cash equivalents as at 31 December 2020 is at the company’s free disposal.

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