1.27 Other operating costs

Royal Pas Reform and Rollepaal have an extensive network of agents. The cooperation procedure with agents is laid down in contracts that include specific provisions and requirements from our Code of Conduct. See also the “Business conduct - G1” section, which outlines the key principles of our Code of Conduct. Working through agents in various countries carries the risk of the company inadvertently getting caught up in violations of local and international laws and regulations, which may have considerable (financial) consequences. Several internal control measures have been put in place (see also the ‘Risk Management’ section of the Management Report) to mitigate the non-compliance risk sufficiently.

The cost of sales includes €2.2 million (2024: €2.2 million) in agents’ fees.

Vorige artikel: 1.26 Average number of full-time employees

Volgende artikel: 1.28 Taxation

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.