The company financial statements are part of the 2024/2025 financial statements of the company. With regard to the company profit and loss account, the exemption pursuant to Article 2:402 of the Dutch Civil Code has been used.

In so far as no further explanation is provided of items in the separate company balance sheet and the separate company profit and loss account, please refer to the notes to the consolidated balance sheet and profit and loss account.

The principles for the valuation of assets and liabilities and the determination of the result are the same as those applied to the consolidated balance sheet and profit and loss account, with the exception of the principles stated below.

Participating interests in group companies are accounted for in the company financial statements according to the equity accounting method on the basis of net asset value. For details we refer to the accounting policy for financial fixed assets in the consolidated financial statements.

The provision is formed for the amount of the expected payments for the account of the company on behalf of the participating interests. Valuation of the provision is made at present value, if the effect of time value is material.

The share in the result of companies in which a participation is taken concerns the company’s share in the results of these participating interests. In so far as gains or losses on transactions involving the transfer of assets and liabilities between the company and its participating interests or between participating interests themselves can be considered unrealised, they have not been recorded.