Catom Annual Report 2022 EN

Exchange rate differences on cash are shown separately in the cash flow statement.

The cost of acquisition of the acquired group company has been included in the cash flow from investment activities insofar as payment took place in cash. The cash and cash equivalents held by the acquired group company have been deducted from purchase price. Transactions that do not involve any inflow or outflow of cash or cash equivalents, including finance leases, have not been included in the cash flow statement. 1.6. Estimates For purposes of applying the accounting principles and rules for the preparation of the financial statements, the Executive Board of the Group needs to assess various matters and make estimates that may be of vital importance for the amounts included in the financial statements. If providing an insight as stipulated in Section 2:362(1) of the Dutch Civil Code requires it, the nature of these assessments and estimates, including the underlying assumptions, is described in the disclosures to the relevant items. 2.1. General The consolidated financial statements have been prepared in accordance with the legal requirements set out in Title 9, Book 2 of the Dutch Civil Code and the accounting standards issued by the Dutch Accounting Standards Board (RJ). Valuation of assets and liabilities and determination of earnings are based on historical cost unless otherwise stated. Income and expenses are allocated to the year to which they relate. Gains are recognized only to the extent that they have been realized by the balance sheet date. Liabilities and potential losses originating before the end of the reporting year are taken into account if they became known before the preparation of the financial statements. 2.2. Comparison with preceding year The principles applied for the valuation of assets and liabilities and for the determination of periodic results have not changed compared to the preceding year. 2. Principles for the valuation of assets and liabilities

60