Net turnover can be specified as follows in accordance with important yield categories:
13. Net turnover
|Rendering of services||1,410||1,454|
The following overview is provided for the net turnover/percentage spread over the sales areas:
|Other EU countries||154,175||53||127,343||53|
|Other European countries||12,079||4||7,767||3|
14. Other income
These are mainly government grants and incidental income.
15. Personnel expenses
|Wages and salaries||15,635||14,768|
|Social security costs||2,788||2,371|
Number of employees
During the financial year, the average number of employees at HZPC Holland B.V. and its subsidiaries was 293 FTE, of which 214 are employed in the Netherlands (previous financial year 270 FTE, of which 199 FTE were employed in the Netherlands).
Specific details for number of FTEs
|Management and Administration||50||48|
|Commerce and communication||81||66|
|Purchasing and logistical planning||66||60|
|Storage, grading and transport||27||26|
16. Other operating costs
17. Interest receivable and similar income
18. Interest payable and similar charges
19. Corporation tax
|Applicable tax rate in the Netherlands||25.0%||25.0%|
|Share of result of participating interests||0.2%||-1.8%|
|Movement in temporary differences||-2.0%||-7.3%|
|Innovatiebox scheme for profits arising from innovation, RDA and other||-7.9%||-19.9%|
Together with Stet Holland B.V., Bonna Terra B.V., ZOS B.V., Participatie Maatschappij Buitenland B.V., HZPC IPR B.V. and Solentum B.V., the Company forms a fiscal unit for corporation tax. The corporate income tax is included in each of the companies for the part that the Company concerned as an independent company would be due, taking into account any tax facilities applicable for the Company.
The effective tax rate is 19.4% (2014/2015: 17.1%). For the Dutch companies the effective tax rate is lower than the nominal rate of 25% due to extra fiscal deduction possibilities. These are mainly related to R&D activities. For the foreign companies an average tax rate of 38.8% applies (2014/2015: 42.9%).
Other explanatory notes
Transactions with related parties
Transactions with related parties occur when a relationship exists between the company, its participating interests and their managers and directors. This includes the relationships between the company and its participating interests, the shareholders, the directors and key management personnel.
Transactions are to be understood as a transfer of resources, services or obligations, regardless of whether a sum is charged.
There were no transactions with related parties that were not on a commercial basis.
Auditor’s fees (in EUR x 1)
The following fees were charged by KPMG Accountants N.V. to the company, its subsidiaries and other consolidated companies, as referred to in Section 2:382a (1) and (2) of the Netherlands Civil Code.
|Paid in the year:|
|Audit of the financial statements (KPMG Accountants N.V.)||97,000||87,500|
|Audit of the financial statements abroad (KPMG network)||55,453||51,052|
|Audit of the financial statements previous year (KPMG Accountants N.V.)||-||14,000|
|Tax-related advisory services (KPMG network)||75,665||20,252|
|Other non-audit services (KPMG network)||92,157||82,973|