Catom Annual Report 2023 EN

3.9. Financial income and expenses 3.9.1. Interest income and expenses Interest income and expenses are recognised on an accruals basis, taking into account the effective interest rate of the relevant assets and liabilities. 3.10. Share in the result of non-consolidated companies The result of participating interests where significant influence is exercised on the business and financial policy is recorded as the share of the result of these participating interests accruing to the company. This result is determined on the basis of the accounting principles used by Catom B.V. 3.11. Taxes Taxes on the result for the year are calculated on the result before taxes as presented in the profit and loss account, taking into account any available deductible prior-year tax losses (insofar as not included under deferred tax receivables) as well as tax-exempt profit components and the addition of non-deductible expenses. Any changes in deferred tax assets and deferred tax liabilities as a result of changes in the applicable tax rate are also taken into account.

Corporation tax is charged on to the companies included in the tax entity as if these participating interests were individually liable for tax.

4. Financial instruments and risk management

Financial instruments include both primary financial instruments (such as receivables and payables) and derivative financial instruments (derivatives).

In the notes to the various items on the balance sheet, the fair value of the instrument in question is explained if it differs from the carrying value. If the financial instrument is not included in the balance sheet, the information on the fair value is given in the notes to the ‘Contingent assets and liabilities’.

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