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

1.1 General

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.

1.4 Consolidation

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.