Catom Annual Report 2022 EN

The loan was taken out with a term of 5 years and will be repaid by 2023 in annual instalments of € 2,000,000. The interest rate is based on 3 Month Euribor plus a surcharge.

The movements in interest rate derivatives can be specified as follows: € 2022

2021

Further liabilities

Balance as at 1 January

505,283

0

Purchase of interest derivatives

0

510,700

Depreciation of interest derivatives

-10,833

-5,417

Balance as at 31 December

494,450

505,283

As at year-end 2022 the interest derivatives represent a market value of € 2,740,199. It was decided to maintain the value at the nominal value reduced by the depreciated amount. The amount to be depreciated in respect of interest derivatives in the following financial year is € 15,018. 24. Receivables from group companies & taxes and social security contributions The receivables are due within one year. No interest is charged on receivables from group companies. Last year, taxes and social security contributions entirely related to corporation tax to be recovered. 25. Cash and cash equivalents The cash and cash equivalents present on 31 December 2022 are at the company’s free disposal.

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