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2. Basis of preparation

Summary of article:  For all periods up to and including the year ended 31 Deember 2023, Royal A-ware had prepared its financial statements in accordance with the Dutch Accounting Standard Board guidelines (local generally accepted accounting principles).

20. Other operating income

Summary of article:  

21. Personnel expenses

Summary of article:  The table below provides a breakdown of personnel costs for the years ended 31/12/2024 and 31/12/2023:

22. Depreciation and amortisation of intangible and tangible fixed assets

Summary of article:  

23. Other operating expenses

Summary of article:  

24. Auditors’ remuneration

Summary of article:  An amount of €271,775 (2023: €257,500) is related to audit fees in foreign countries.

25. Financial income and expenses

Summary of article:   Please refer to note 11 for further details.

26. Income taxes

Summary of article:  In 2024 the effective tax rate is 26.7% (2023: 26.6%) of the result before taxes.

27. Fair values

Summary of article:  For financial instruments, the carrying amount represents a reasonable approximation of fair value. As a result, no separate fair value disclosure is included for these financial instruments.

28. Risk management objectives and policies

Summary of article:  The data included in these notes provide information that helps in estimating the extent of risks associated with both on balance and off-balance financial instruments.

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