Catom Annual Report 2019 EN

7. Group equity

The group equity is explained in detail in the notes to the balance sheet in the company annual accounts.

8. Provisions €

31-12-2019 31-12-2018

Deferred tax liability

1,004,547

995,690

Other provisions

71,910

83,544

1,076,457 1,079,234

The movements in provisions are as follows: €

Deferred tax liability

Other

Total

Balance as at 1 January 2019

995,690

83,544 1,079,234

Addition

74,139

6,262

80,401

Withdrawal

0

0

0

Release

-65,282

-17,896

-83,178

Balance as at 31 December 2019

1,004,547

71,910 1,076,457

8.1. Deferred tax liability A provision for deferred tax liabilities has been recognised for the tax effect of temporary differences between the book value of assets and liabilities for financial reporting purposes and tax purposes. The provision is based on the statutory corporation tax rate of 20.5%. The applied discount rate is 4% for discounting. The current portion of the provision for deferred tax liabilities amounts to € 141,902.

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