Catom Annual Report 2020 EN

The provision was made for the participating interests Shoppoint B.V. and OK Oliecentrale B.V.; this concerns the total negative shareholders’ equity as at year-end 2019 of both participating interests.

€

31-12-2020 31-12-2019

Balance as at 1 January

1,560,132

1,507,169

Allocation

0

52,963

Reclassification

-209,386

0

Release

-347,887

0

Balance as at 31 December

1,002,859

1,560,132

30. Current liabilities The current liabilities are due within one year. They consist of payables to group companies, tax liabilities and accrued expenses.

No interest is charged on amounts due to group companies.

31. Off-balance sheet assets and liabilities 31.1. Liability of a tax entity

The company heads a tax entity for the purposes of corporation tax and value added tax. Based on the standard conditions for tax entities, the company and its subsidiaries are jointly and severally liable for the taxes payable by the tax entity. 31.2. Credit facilities The company has a credit facility together with other group companies in connection with its factoring agreement. Each group company is jointly and severally liable for this facility. The financing ceiling for the entire facility amounts to € 50,000,000. Security has been provided for this credit facility in the form of a pledge of receivables with a payment term of no more than 90 days.

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