Catom Annual Report 2020 EN

7. Group equity

The group equity is explained in detail in the notes to the balance sheet in the company annual accounts.

8. Provisions €

31-12-2020 31-12-2019

Deferred tax liability

1,015,426

1,004,547

Other provisions

119,180

71,910

1,134,606

1,076,457

The movements in provisions are as follows: €

Deferred tax liability

Other

Total

Balance as at 1 January 2019

1,004,547

71,910

1,076,457

Addition

145,867

20,191

166,058

Provision for acquisition

0

45,252

45,252

Withdrawal

0

-18,173

-18,173

Release

-134,988

0

-134,988

Balance as at 31 December 2020

1,015,426

119,180

1,134,606

8.1. Deferred tax liability A provision for deferred tax liabilities has been recognised for the tax effect of temporary differences between the book value of assets and liabilities for financial reporting purposes and tax purposes. The provision is based on the statutory corporation tax rate of 25%. The applied discount rate is 4% for discounting. The current portion of the provision for deferred tax liabilities amounts to € 188,491.

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