Annual Report The Greenery 2013

Page 30

7.4 FINANCIAL INCOME AND EXPENSES

2013

Financial income

2012

335

503

Financial expenses

(6,168)

(6,834)

Total

(5,833)

(6,331)

Financial income and expenses mainly relate to interest income and expenses. The balance of interest paid to and interest received from related parties is EUR 333,000 (2012: 333,000).

Gross profit Corporate income tax

Permanent differences

Note

2013 2012

Fixed assets Financial fixed assets Group company

10.1

80,239

The tax payable is computed as follows:

Profit for 2013

Assets

95,109

80,239 95,109

Current assets

7.5 TAX

8. NON-CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2013 (BEFORE PROFIT APPROPRIATION)

25.0%

(42,024)

(10,506)

1,947

487

(10,019)

Different rate of tax on foreign participating interests

850

Corrections to tax returns in previous years.

210

Miscellaneous

127

Tax in the profit and loss account

(8,832)

EU grants receivable

2,421

Other receivables

4

Total assets

82,664

Passiva Equity capital

The Company and the majority of its wholly-owned subsidiaries in the Netherlands form a fiscal unity. Part of the loss in 2013 for which tax relief was available was carried back to 2012; the remainder is recognised as a receivable from the Tax Administration under other receivables. It is expected that this receivable will be set off in 2014. The balance of losses in previous years by consolidated companies for which tax relief is available is nil.

7.7 WORKFORCE

0 97,226

2013 2012

10.2

Revaluation reserve

83,318

78,076

Other statutory reserves

40,143

42,185

General reserve

(29,210)

(34,019)

Profit for the financial year

(21,468)

1,412

72,783 87,654

Long-term liabilities Group company

The permanent differences mostly concern non-deductible amortisation of goodwill.

Toelichting

2,117

10.3

5,870

5,870

Current liabilities Creditors 31 0 Group company

3,980

Total liabilities

3,702

4,011 9,572 82,664

97,226

9. NON-CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR 2013

2013

2012

Board/MT/office

523

549

Logistics services

964

1,106

Transport and other

158

166

Contributions and other income

789

1,087

1,821

Other expenses

(312)

(608)

Financial income and expenses

(477)

(479)

Number of full-time equivalents (FTEs) employed at year-end

Total

1,645

2013 2012

The average number of FTEs with permanent employment contracts during 2013 was 1,764 (2012: 1,884).

Company result after taxation

0

0

The average number of temporary staff in FTEs was 719 (2012: 857).

Profit from participating interests after taxation

(21,468)

1,412

Company profit

(21,468)

1,412

The reduction in FTEs in permanent employment is in part attributable to a reorganisation at North Bank Growers (92 FTE lost) and the sale of Jager and WTG (a total reduction of 50 FTE). Furthermore, the initial effects of the improvement plan are visible. (amounts in thousands of euros)

(amounts in thousands of euros)

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