2009 - Jaarverslag

Notes to the company financial statementsGeneralAccounting principlesIn determining the accounting principles for its parent company financial statements, Royal Ten Cate uses theoption available under article 2.362 paragraph 8 of the Netherlands Civil Code. This means that the accountingprinciples for the parent company financial statements of Royal Ten Cate are the same as those applying to theconsolidated financial statements. Associated companies over which significant influence is exercised arevalued in accordance with the equity method. The consolidated financial statements have been prepared inaccordance with the standards set by the International Accounting Standards Board and adopted by theEuropean Union. A description of these standards can be found in the accounting policies applicable to theconsolidated financial statements.The share in the results of associated companies includes the share of Royal Ten Cate in the results of thesecompanies. Results from transactions involving a transfer of assets and liabilities between Royal Ten Cate andits participating interests and between individual participating interests are not included to the extent that theycan be considered to be unrealised.60 FINANCIAL FIXED ASSETSInterest inoperatingcompaniesLoans tooperatingcompaniesDeferred taxreceivablesTotalBalance as at 1 January 641.3 75.4 2.3 719.0Reclassification – – 3.1 3.1Capital contributions 3.6 – – 3.6Internal restructuring 2.6 – – 2.6Translation differences – 6.5 – 1.1 – – 7.6Loans granted – 17.4 – 17.4Repayment of loans – – 41.9 – – 41.9Result from associated companies 29.1 – – 29.1Dividend of associated companies – 42.0 – – – 42.0Change in deferred tax – – 6.9 6.9Balance as at 31 December 628.1 49.8 12.3 690.2Royal Ten Cate is at the head of the Group and has capital interests in the operating companies stated on thecover.61 EQUITYThe equity in the parent company financial statements corresponds to the equity in the consolidated financialstatements. A statement of changes in equity can be found on page 88.Royal Ten Cate Annual Report 2009 139