Catom Annual Report 2023 EN

Notes to the consolidated balance sheet and profit and loss account

1. General notes

1.1. Activities The activities of Catom B.V. (the company), Chamber of Commerce registration number 24287136, having its corporate seat in Breda and its principal place of business at Verlengde Poolseweg 32 in Breda, and its group companies (‘the Group’) mainly comprise: providing logistics services to the oil industry. The activities of the group consist of loading, unloading, transhipment, storage of and the wholesale in oil products and the operation of petrol stations and convenience shops. 1.2. Changes in accounting policy At the end of financial year 2023, a change to the accounting policy was made as regards to major maintenance. The remainder of the provision for this was released to the result. Future costs of major maintenance are included using the component approach. 1.3. Consolidation The consolidated financial statements include the financial data of the company and its group companies, and of other legal entities and companies over which it may exercise control or which are under its centralised management. The financial data of the group companies and other consolidated legal entities and companies are fully included in the consolidated financial statements, after elimination of intercompany balances and transactions. Items included in the consolidated financial statements are stated on the basis of uniform principles for the valuation of assets and liabilities and the determination of results, i.e. the accounting policies of the company. Nearly all sales activities take place within the Netherlands.

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