measure and monitor the processes and report results ... - Refresco.de

Financial review 2010
Notes to the company financial statements
1 General
The financial statements of Refresco Group B.V. (formerly known as Ferskur Holding 2 B.V.), or ‘the Company’ are
included in the consolidated financial statements of the Group. As at March 23, 2010 Ferskur Holding 2 B.V. was
renamed in Refresco Group B.V.
With reference to the company income statement, use has been made of the exemption pursuant to Section 402 of
Book 2 of the Dutch Civil Code.
2 Significant accounting policies
The principles for the recognition and measurement of assets and liabilities and for determination of the result for
its company financial statements, the Company makes use of the option provided in section 2:362 (8) of the Dutch
Civil Code, under which the principles for the recognition and measurement of assets and liabilities and for determination
of the result of the company financial statements are the same as those applied for the consolidated financial
statements (hereinafter referred to as principles for recognition and measurement). The consolidated financial
statements are prepared according to the standards laid down by the International Accounting Standards Board and
adopted by the European Union. These principles are set out in the consolidated financial statements.
Participating interests over which comntrol is exercised are carried on the basis of net asset value. The share in the
result of participating interests represents the Company’s share in the result of these participating interests. To the
extent that they are deemed to be unrealized, results are not recognized on transactions between the Company and
its participating interests and mutually between participating interests themselves.
3 Notes to the company balance sheet and income sheet
3.1 Financial fixed assets
Financial fixed assets consist of participating interests in group companies. The movements in the participating
interests in group companies were as follows:
EUR’000
2010 2009
January 1 119,423 112,290
Other (750) 0
Share in result of participating interests 10,305 6,154
Capital increase 5,828 0
Effect of movements in exchange rates 1,338 1,039
Dilution result on dividend paid to non­controlling interest 0 (60)
december 31 136,144 119,423