Notes to the financial statements
All amounts in € thousands, unless otherwise stated
Bouwinvest Real Estate Investors B.V. (‘Bouwinvest’ or ‘the company’), with its head office in Amsterdam, at La Guardiaweg 4, is a private company with limited liability incorporated on 9 October 2002.
General accounting policies for the preparation of the consolidated financial statements
The financial statements have been prepared in accordance with Part 9, Book 2 of the Dutch Civil Code. Assets and liabilities are valued and results are determined on a historical cost basis, unless otherwise stated.
Accounting policies for the valuation of assets and liabilities
Intangible fixed assets are stated at purchase price less straight-line depreciations, calculated taking into account the estimated economic life of the assets in question, and less any impairments if applicable.
1 Intangible fixed assets
Intangible fixed assets pertain to investments in software.
2 Tangible fixed assets
3 Financial non-current assets
The item deferred tax asset pertains to the difference between the fiscal and commercial carrying values of property, plant and equipment and intangible fixed assets.
4 Receivables from associates and affilliated companies
5 Tax receivables
The VAT receivable consists primarily of adjustments with respect to the management fee from previous years.
6 Cash and cash equivalents
The cash and cash equivalents are freely available to the company.