Catom Annual Report 2023 EN

2. Principles for the valuation of assets and liabilities

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 Apart from the change in accounting policy explained in section 1.2, the accounting policies, including recognition and measurement of income and expenses, remain unchanged from the previous year. Items in the financial statements of the group companies are stated on the basis of the currency of the markets in which the group company in question conducts most of its business activities (its functional currency). The consolidated accounts are stated in euros. This is the functional currency as well as the presentation currency of Catom B.V. 2.3.2. Transactions, receivables and payables Transactions in foreign currency during the year are included in the financial statements at the rates applying on the transaction date. Monetary assets and liabilities in foreign currency are converted to the functional currency at the rate applying on the balance sheet date. Exchange differences resulting from settlement and conversion are charged or credited as appropriate to the profit and loss account. 2.3. Foreign currency 2.3.1. Functional currency

Non-monetary assets that are stated at cost of acquisition in a foreign currency are translated at the exchange rate applying on the transaction date.

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