Royal Heijmans N.V. applies the option provided in Article 2:362(8) of the Dutch Civil Code when determining the principles for the recognition and measurement of assets and liabilities and the determination of results in its company-only financial statements. This means that the basis for the measurement of assets and liabilities and the determination of results (valuation principles) applied in the company-only financial statements of Royal Heijmans N.V. are the same as those applied in the consolidated EU-IFRS financial statements. Investees over which significant influence is exercised are valued based on the net asset value. Any impairment on receivables from group companies due to expected credit losses are eliminated within the respective item. As a result, these impairments do not affect the statement of profit or loss or the statement of financial position in any way.
Royal Heijmans N.V. is registered with the Chamber of Commerce under number 16004309.
The share in the result of investees consists of the share of Royal Heijmans N.V. in the results of these participations. Results from transactions involving the transfer of assets and liabilities between Royal Heijmans N.V and its participations, as well as between participations themselves, have not been recognized to the extent that they can be considered unrealized.
For details on the remuneration of the members of the Supervisory Board and the Executive Board, see note ‘6.29 Joint operations and related parties’ to the consolidated financial statements.
Corporate income tax is charged to and/or allocated to the subsidiaries that are part of the fiscal unity as if they were independent taxable entities. Tax receivables and liabilities with respect to the subsidiaries in question are included under current assets and other current liabilities.