1.20 Costs
1.20.1 Material consumption/other external costs
This relates to the cost of raw materials and consumables including the costs related to their procurement.
1.20.2 Other operating costs
Costs are recognised at historical cost in the same period as their related income/performance.
1.20.3 Grants
Government grants are recognised when there is reasonable assurance that the grant will be received and all conditions complied with. Government grants are recognised in the statement of profit or loss in the same period as the related costs.
1.20.4 Other financial income and expenses
Interest income and expenses are recognised in the financial year to which they relate on the basis of the effective interest method.
The management report as referred to in Part 9 of Book 2 of the Dutch Civil Code monitors the elements from the foreword to the historical summary inclusive. This version of the annual financial reporting of Hydratec Industries N.V. for the financial year ending on 31 December 2025 is not presented in the ESEF format as specified in the regulatory technical standards for ESEF (Delegated Regulation (EU) 2019/815). The set of ESEF reports can be downloaded at the download page.