Catom Annual Report 2019 EN

27.

Statutory reserve and reserve under the articles of association

€

31-12-2019 31-12-2018

Balance as at 1 January

111,867

111,867

Release and corresponding credit to other reserves

-34,110

-34,110

Balance as at 31 December

43.647

77,757

Pursuant to statutory provisions, a statutory non-distributable reserve has been recognised for the capitalisation of research and development costs incurred by ShopPoint B.V.

28.

Other reserves

€

31-12-2019 31-12-2018

Balance as at 1 January

13,486,097 13,548,660

Proposed profit appropriation

10,788,884 5,277,149

Movement in statutory reserve

34,110

34,110

Dividend available for distribution

0

0

Proposed dividend

-10,700,000 -5,300,000

Transfer to revaluation reserve

0 -204,790

Realised revaluation reserve

283,500

130,968

Other

1

0

Balance as at 31 December

13,892,592 13,486,097

90