Catom Annual Report 2022 EN

33. Current liabilities €

2022

2021

Other liabilities and accruals and deferred income

Negative goodwill

14,651,311

0

Other liabilities

0

4,948

14,651,311

4,948

The negative goodwill is amortised in 10 years. The current liabilities are due within one year. No interest is charged on amounts due to group companies and participations.

Taxes and social security contributions relate entirely to payable corporation tax.

34. Off-balance sheet assets and liabilities 34.1. Liability of a tax entity

The company heads a tax entity for the purposes of corporation tax and sales 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. 34.2. 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 € 100,000,000. Security has been provided for this credit facility in the form of a pledge of receivables, stock and vehicles and vessels. In addition, an acquisition facility of € 43,300,000 applies. For the financial year 2022 the Catom Group complies with all rights and obligations arising from the financing terms and conditions.

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