Catom Annual Report 2023 EN

Where receivables do not involve a premium or discount and transaction costs, which means that the effective interest rate is zero, the amortised cost is equal to the nominal value. 2.9. Cash and cash equivalents Cash and cash equivalents are stated at nominal value. If the cash and cash equivalents are not freely available, this will be taken into account for the valuation.

2.10. Revaluation reserve 2.10.1. Revaluation of tangible fixed assets

If revaluations are reflected in the revaluation reserve net of the relevant (deferred) tax liabilities, the realisation of the revaluations is credited to other reserves on a net basis.

2.11. Provisions 2.11.1. General

A provision is recognised for liabilities when it is probable that they will have to be settled and the amount at which settlement will take place at the balance sheet date can be estimated reliably. The amount of the provision is determined based on the best estimate of the amounts required to settle the related liabilities and losses at the balance sheet date.

Provisions are stated at nominal value, except for the provisions for deferred taxes, which are stated at cash value because the effect of the time value of money is material.

2.11.2. Provision for Dutch pension schemes Catom B.V. and its subsidiaries have five pension plans: three pension plans based on the career average system and two pension plans on the basis of a defined contribution scheme. The schemes that are governed by Dutch law are financed by contributions to pension administrators, to the company pension fund insofar as employees of petrol stations are involved, and to an insurance company for other employees who have a pension entitlement. The pension obligations are recognised as a charge in the profit and loss account based on the contributions to the pension administrator.

A subsidiary of Catom B.V. has a conditional indexation obligation of a percentage of the wage bill for a career average scheme that was replaced by a defined contribution scheme.

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