Consolidated statement of profit or loss
Consolidated statement of comprehensive income
Consolidated balance sheet as at 31 December
Consolidated statement of changes in equity
Consolidated cash flow statement
Hydratec Industries N.V. (hereinafter referred to as Hydratec) has its registered office and principal place of business in Amersfoort, the Netherlands, and is registered with the Chamber of Commerce under number 23073095.
1.2 Statement of compliance
The Group’s consolidated financial statements were prepared on the basis of the going-concern principle, in compliance with International Financial Reporting Standards (IFRS-EU) as accepted by the European Union, and with Title 9 of Book 2 of the
1.3 Estimates and judgements by management
Hydratec makes use of estimates and assumptions when preparing the financial statements and the measurement of items in the financial statements.
Subsidiaries are companies in which Hydratec has or can exercise direct or indirect control. These participations are regarded as subsidiaries.
1.5 Foreign currency
Transactions in foreign currencies are translated into euros at the average monthly exchange rate for the month in which the transaction took place.