Key Benefits:
Decision of 23 December 1983 laying down model schemes for the establishment of annual accounts
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
On the proposal of our Minister of Justice of 10 November 1983, No 615/683;
Whereas, for the purposes of implementing the fourth Directive of the Council of the European Communities on company law, models for the establishment of annual accounts should be laid down;
Having regard to Article 363 (6) of Book 2 of the Civil Code ;
The Council of State heard, Opinion of 21 December 1983, No W03.83.0578/05.3.52;
Having regard to the further report by Our Minister of Justice of 22 December 1983, No 678/683; Private Law Staff Section;
Have found good and understand:
1 The balance sheet of a public limited liability company must be furnished in accordance with Model A or Model B , the profit and loss account according to model E or Model F . These models are attached to this Decision.
2 Is Article 396 of Book 2 of the Civil Code The company may also choose Model C or Model D for the balance sheet and for the profit and loss account Model I or Model J. These models are attached to this Decision.
3 This Decision shall not apply to a legal person as referred to in Article 395a of Book 2 of the Civil Code .
The entries are completed separately, in one or more columns. As far as possible, the amounts for the preceding financial year are also given. Above the columns, the balance sheet date and the profit and loss account shall be indicated in the balance sheet for the financial year to which they relate.
1 The designation of the chosen model may be omitted; the font is free.
2 The letters and figures for the posts may be omitted or replaced.
3 Items without amount shall be omitted, except where an amount is to be entered for the preceding year. The presence of a post in a model does not allow the power to fill in any amount when the law permits.
1 Of the designations Fixed assets, Fatting Assets, Short-term Debt, Long-term Debt, Supply and Own Funds may not be waived.
2 Other names may be replaced only by names which, in the given case, indicate the contents of the heading or the census in a manner which is at least as clear as that in which they are concerned.
3 The results of intermediate counts may be inserted and appointed.
4 Intermediate counts and final counts in the models not mentioned in the Articles 364 to 377 of book 2 of the Civil Code or, in so far as it concerns banks or, as far as insurance companies are concerned, in the Articles 429 to 440 of that book , in the Decision and annual accounts banks may remain unappointed. Consecutive intermediate counts which are not mutually different due to the lack of intermediate items may be aggregated.
1 The order of the items shall be that of the chosen model. The item "share in profit/loss of companies participating" may also preceus all financial benefits and expenses.
2 Participating companies may change the order of the items in accordance with the use in their industry.
3 In this Article, the term 'participation company' means a legal person or company whose activity is limited to, or substantially limited to, participation in other legal persons or companies without having to their operations, except by the exercise of shareholder rights.
1 A breakdown may be added to the headings of the models; they may be replaced by a breakdown.
2 Items may be inserted, provided that their content is not covered by a post mentioned in the chosen model, which is not designated as "others".
3 The in Article 377 (1) C and 437 paragraph 5 under C of Book 2 of the Civil Code and paragraph 9 (1) C of the Decision and annual accounts banks the other taxes referred to must be entered in the profit and loss account immediately for post-tax or immediate post-tax income of the item referred to in Article 10 (3) .
4 If revenues are to be accounted for by participations which are not in accordance with Article 389 of Book 2 of the Civil Code be valued separately as the first item of financial benefits under the name: distributions not on net equity value, etc. valued equity. Changes in value on these participations shall be recorded separately either immediately after the changes in value of exposures belonging to the fixed assets and of securities, or merged with that item; in the latter case, the name shall be the name adjusted as necessary.
1 Each uninterrupted series of arabic numerals numbered items in a model can be included in all or part of the notes, rather than on the balance sheet, with a repetition of the sum.
2 Each uninterrupted series of non-capital letters printed items in the profit and loss account may be included, in whole or in part, in the notes on the accounts, rather than on the profit and loss account, with a repeat of the sum.
3 In so far as this Article is applied, the series shall be included in the notes in the order of the model chosen.
Where an amount could be included in more than one item, the notes must indicate under which other item or items the amount could be included, the size of the amount and the amount to which it relates, if it in Article 362 (1) of Book 2 of the Civil Code This insight will be served by this.
1 In consolidated accounts, all denominations may be adjusted to indicate the group nature.
2 In a consolidated balance sheet, the share of third parties in group companies is included separately as part of the group's capital. In addition, a subdivision of own funds into consolidated accounts is not required.
3 In a consolidated profit and loss account, the share of third parties is given separately in the consolidated post-tax result; if it is split, this must be done after the result of ordinary business after tax, and after the extraordinary post-tax result.
At the top of the balance sheet indicates whether the use of the result has been processed. If the destination of the result is not processed, the balance sheet shall be shown separately as the last item of own funds.
1 In Models A, B, C and D, the item "accruals" may also be included independently after liquid assets.
2 In Models B and D, the item "accrual-in liabilities" may also be included after the debts and in models A and C after the provisions are independently included.
3 In the explanatory notes and in Models B and R, the breakdown of the short-term and long-term debt may be given together, provided that the breakdown is shown again in the notes on the accounts.
1 In Model F Som der charges and net turnover result may be omitted.
In so far as the legally required signatures have been made to the original copy of the financial statements, the names of the signatories may be sufficient to cover other copies of the accounts. If a signature is missing on the original copy, the reason for the signature shall be given on the other copies.
1 For banks referred to in Article 415 of Book 2 of the Civil Code are the Articles 3 , 4 , 5 (3) and (4), 6 (1), first sentence , Paragraphs 2 and 3, 8 (1) and (3), (9), (10), (11) and (15) applicable.
2 The balance sheet of a bank shall be furnished in accordance with Model K, the profit and loss account according to the L of M. These models are attached to this Decision.
3 The letters of model K and the letters printed with capital letters of the L and M characters printed with capital letters are indicated, even if they are of negligible importance in the whole of the financial statements for the legal knowledge required.
4 Mortgage banks take stock of assets in the balance sheet, instead of the item "customer claims", which are two items, which are collateral: claims on mortgage loans and other claims on customers. Under the liabilities, these banks assume, instead of the item "Debt securities", a pair of items, which are registered as collateral, bonds and other debt instruments. They may merge the item "Cash" with the item "Bases on banks", unless the volume of cash is of significance on the whole of the assets.
5 The designations used in models K, L and M may be replaced only by names which, in the given case, indicate the contents of the heading or the census in a manner which is not as clear as that of the case.
6 A breakdown may be added to the headings of these models.
7 If returns are to be accounted for by participations which are not in accordance with Article 389 of Book 2 of the Civil Code have been valued separately from and immediately following the proceeds from participating interests under the title: income from equity not on net equity value.
8 The share in profit/loss of the participating undertakings is included in the income from participations or group companies and is mentioned in the notes on the accounts.
9 Each uninterrupted series of arabic numerals numbered items in the L and M models can be incorporated, in whole or in part, in the notes on the accounts, rather than on the profit and loss account, with the sum being repeated. The series shall be included in the notes in the order of the model chosen.
1 To insurance companies as referred to in Article 427 of Book 2 of the Civil Code are the Articles 3 , 4 , 5 (3) and (4), 6 (1), first sentence , Paragraphs 2 and 3, 8 (1) and (3), (9), (10), (11) and (15) applicable.
2 The balance sheet of an insurance company must be established in accordance with model N, the profit and loss account according to model O. For the technical account non-life insurance model P may be used, if the investments are directly linked to Non-life insurance can be allocated. These models are attached to this Decision.
3 The designations used in models N, O and P may be replaced only by names which, in the given case, indicate at least the contents of the heading or the census in a clear manner.
4 A breakdown may be added to the headings of the models.
5 Where, in the technical account, life insurance of gross premiums is part of profit-sharing, the amount of the gross premiums shall be shown separately in the notes on the accounts.
6 The share in profit/loss of the participating undertakings is included in the income from participating interests and is stated in the notes on the accounts.
7 If returns are to be accounted for by participations which are not in accordance with Article 389 of Book 2 of the Civil Code be valued separately from, and immediately following, the proceeds from holdings under the name: income from equity not valued on net equity value.
8 In the consolidated financial statements of an insurance company, all proceeds of investment may be included in the non-technical account. In Model O, items of investment income and investment charges, as well as unrealised gains on investments and unrealised losses on investments, are removed from the technical accounts. Instead of the item of investment income, the item shall be imputed return on investments.
9 Each continuous series of arabic numerals numbered items in models O and P can be incorporated in all or part of the notes, rather than on the profit and loss account, with the sum being repeated. The series shall be included in the notes in the order of the model chosen.
1 On investment companies or undertakings for collective investment in transferable securities as referred to in Article 1: 1 of the Law on Financial Supervision , are the Articles 2 to 4 , 5 (3) and (4) , 6 paragraph 1, first sentence , 7 (1) to (3) , 8 to 11 , 12 (3) , and 15 applicable.
2 The balance sheet of an investment company or a collective investment undertaking shall be addressed in accordance with model Q or R, the profit and loss account according to the Model S. These models are annexed to this Decision.
3 If an investment company or a company for collective investment in transferable securities is the second sentence of Article 401 (2) of the Civil Code shall apply, outside the statement of profit and loss accounts, a postal item under the name 'change in the reserves of exchange rate differences'.
4 An investment company or a company for collective investment in securities which invests in real estate may, in the profit and loss account, in order to provide an insight into the operating result in respect of the immovable property, the depreciation of investments in real estate and other charges and charges relating to such investments shall immediately include investment income in land and buildings.
5 The designations used in models Q, R and S may be replaced only by names which, in the given case, indicate the contents of the heading or the census in a manner which is at least as clear as that in which they are concerned.
6 If revenues are to be accounted for by participations which are not in accordance with Article 389 of Book 2 of the Civil Code have been valued separately and immediately following the proceeds from holdings which are recognised under the name: income from equity not valued on net equity value.
This Decision may be cited as 'Decision models of financial statements'.
1 This Decision shall enter into force as from the day on which Title 8 of Book 2 of the Civil Code obtains the force of law.
2 It shall apply to the annual accounts to which Title 8 of Book 2 of the Civil Code applies.
Burden and order that this Decision, together with the Annexes and related note of explanatory note to the State Sheet will be placed and copies thereof will be sent to the Council of State.
' s-Gravenhage, 23 December 1983
Beatrix
The Minister of Justice,
F. Korthals Altes
Issued at the end of the December 1983The Minister of Justice,
F. Korthals Altes
Balance by
I. Intangible fixed assets
1. costs of establishment and of issuing of shares
2. cost of development
3. concessions, permits and intellectual property
4. goodwill
5. prepayment on intangible fixed assets
II. Tangible fixed assets
1. farm buildings and land
2. machinery and installations
3. other fixed assets
4. firm operating assets in execution and prepayment on tangible fixed assets
5. not serving the business exercise
III. Financial fixed assets
1. participating interests in group companies
2. claims on group companies
3. other equity
4. claims on participants and companies participating in the participation of companies
5. other securities
6. other claims
IV. Sum of fixed assets
I. Stocks
1. ground and excipients
2. Underhand work
3. finished product and commercial goods
4. prepaid for stocks
II. Claims
1. on trade debtors
2. group companies
3. participation in participants and companies involved in the participation of
4. other claims
5. payments requested from shareholders
6. overrunning assets
III. Securities
1. [ Red: expired]
2. [ Red: expired]
IV. Liquid assets
V. Som of current assets
1. Convertible loans
2. other bonds and private loans
3. debts to banks
4. receive forward on orders
5. debts to suppliers and trade credits
6. to pay bills of exchange and chèques
7. debts to group companies
8. debts to participants and to companies in which participation is
9. taxes and social security contributions
10. debts relating to pensions
11. other debts
12. overcurrent liabilities
1. Convertible loans
2. other debenture loans and private loans
3. debts to banks
4. receive forward on orders
5. debts to suppliers and trade credits
6. to pay bills of exchange and chèques
7. debts to group companies
8. debts to participants and to companies in which participation is
9. taxes and social security contributions
10. debts in respect of pensions
11. other debts
12. overcurrent liabilities
1. for pensions
2. for taxes
3. other
I. Capital raised and requested
II. Agio
III. Revaluation Reserve
IV. Legal and statutory reserves
1. legal
2. statutory
V. Other reserves
VI. Undistributed profit
Balance by
I. intangible fixed assets
Tangible fixed assets
Financial fixed assets
Sum of fixed assets
I. Stocks
Claims and accrual-related assets
Effects
Liquid assets
V. Sum of current assets
I. Capital deposited and requested
Agio
Revaluation reserve
Legal and statutory reserves
V. other reserves
VI. undistributed profit
Profit and loss account
Net turnoverChange in stocks of finished product and work of work
activated output for own holding
other operating income
Sum of operating incomecost of raw materials and excipients
cost outsourced work and other external costs
wages and salaries
Social charges
Depreciation of intangible and tangible fixed assets
other value changes of intangible and tangible fixed assets
impairment of current assets
other operating expenses
Sum of business costsrevenue from assets belonging to fixed assets and securities
other interest income and similar income
value changes of exposures belonging to fixed assets and securities
interest expenses and similar costs
Result before taxTaxes
share in profit/loss of enterprises participating
Post-tax returnsProfit and loss account
Net turnovercost of turnover
Gross Revenue ResultSales charges
General administrative costs
Sum of costs
Net turnoverother operating income
revenue from assets belonging to fixed assets and securities
other interest income and similar income
value changes of exposures belonging to fixed assets and securities
interest expenses and similar costs
Result before taxTaxes
share in profit/loss of enterprises participating
Post-tax returnsProfit and loss account
Profit and loss account
Balance by
A. Conditional debt
1. for the purpose of discounting
2. for guarantees, etc.
(3) on the basis of irrevocable accrec tives
4. other
B. Irrevocable Commitments
1. obligations from cession and retrocession
2. other
GAIN AND LOSS CONTROL OVER
INTEREST AND SIMILAR INCOME
1. interest on bonds and other fixed-income securities
2. other
INTEREST AND SIMILAR CHARGES
INCOME FROM SECURITIES AND PARTICIPATING INTERESTS
1. income from shares and other variable-yield securities
2. revenue from group companies
3. revenue from other equity
COMMISSION RECEIVED
FEE PAID
RESULT FROM FINANCIAL TRANSACTIONS
OTHER OPERATING INCOME
SUM OF OPERATING INCOME
STAFF AND OTHER ADMINISTRATIVE EXPENSES
DEPRECIATION AND CHANGES IN VALUE ON INTANGIBLE AND TANGIBLE FIXED ASSETS
OTHER OPERATING COSTS
IMPAIRMENT OF CLAIMS AND PROVISIONS FOR UNDER-BALANCE-SHEET LIABILITIES
EXEMPTION FROM VALUE REDUCTIONS OF CLAIMS AND PROVISIONS FOR UNDER-BALANCE-SHEET LIABILITIES
DEPRECIATION OF THE SECURITIES AND PARTICIPATING INTERESTS OF FIXED ASSETS
FREE-VALUE REDUCTIONS IN THE SECURITIES AND PARTICIPATING INTERESTS OF FIXED ASSETS
SUM OF OPERATING COSTS
RESULT FROM ORDINARY BUSINESS PRACTICE FOR TAXATION
TAXATION OF ORDINARY BUSINESS PRACTICE
RESULT FROM ORDINARY BUSINESS POST-TAX EXERCISE
EXCEPTIONAL INCOME
EXTRAORDINARY EXPENSES
SPECIAL TAX
EXTRAORDINARY POST-TAX RESULTS
POST-TAX RESULT
Profit and loss account
Balance by
| A |
Investments |
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| I | Land and buildings | |||
| 1. |
in your own use |
|||
| 2. |
other land and buildings |
|||
| II | Investments in group companies and participating interests | |||
| 1. |
participating interests in group companies |
|||
| 2. |
bonds issued by and claims on group companies |
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| 3. |
other equity |
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| 4. |
bonds issued by and claims on participants and companies in which participation is |
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| III | Other financial investments | |||
| 1. |
Shares, certificates of participation and other securities other than fixed-income securities |
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| 2. |
Bonds and other fixed-income securities |
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| 3. |
exposures from mortgage loans |
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| 4. |
claims arising from other loans |
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| 5. |
deposits with banks |
|||
| 6. |
other financial investments |
|||
| IV | Sum of investments | |||
| B |
Claims |
|||
| I | In respect of securities transactions | |||
| 1.1. |
Commission agents |
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| 1.2. |
Others |
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| II | Other claims | |||
| III | Accrual-related assets | |||
| C |
Other assets |
|||
| I | Fixed assets | |||
| 1. |
intangible fixed assets |
|||
| 1.1. |
costs of establishment and of issuing shares |
|||
| 1.2. |
cost of research and development |
|||
| 1.3. |
concessions, permits and intellectual property |
|||
| 1.4. |
Goodwill |
|||
| 1.5. |
Prepayment on intangible fixed assets |
|||
| 2. |
tangible fixed assets |
|||
| 3. |
Financial fixed assets |
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| II | Liquid assets | |||
| III | Other assets | |||
| D |
Short-term liabilities (maximum 1 year) |
|||
| 1. |
as a result of securities transactions |
|||
| 1.1. |
Commission agents |
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| 1.2. |
Others |
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| 2. |
convertible loans |
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| 3. |
Other bonds and private loans |
|||
| 4. |
debts to banks |
|||
| 5. |
to pay bills of exchange and chèques |
|||
| 6. |
debts to group companies |
|||
| 7. |
debts to participants and to companies in which participation is |
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| 8. |
Taxes and social security contributions |
|||
| 9. |
pensions in respect of pensions |
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| 10. |
other liabilities |
|||
| 11. |
overcurrent liabilities |
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| E |
Outcome of receivables and other assets minus short-term debts |
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| F |
Asset value minus short-term debt |
|||
| G |
Long-term debts (for more than one year) |
|||
| 1. |
as a result of securities transactions |
|||
| 1.1. |
Commission agents |
|||
| 1.2. |
Others |
|||
| 2. |
convertible loans |
|||
| 3. |
Other bonds and private loans |
|||
| 4. |
debts to banks |
|||
| 5. |
to pay bills of exchange and chèques |
|||
| 6. |
debts to group companies |
|||
| 7. |
debts to participants and to companies in which participation is |
|||
| 8. |
Taxes and social security contributions |
|||
| 9. |
pensions in respect of pensions |
|||
| 10. |
other liabilities |
|||
| 11. |
overcurrent liabilities |
|||
| H |
Features |
|||
| 1. |
For pensions |
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| 2. |
For taxes |
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| 3. |
Other |
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| I |
Subordinated debt |
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| J |
Own funds |
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| I | Subscribed capital | |||
| II | Agio | |||
| III | Revaluation Reserve | |||
| IV | Legal and statutory reserves | |||
| V | Exchange variesreserve | |||
| VI | Other reserves | |||
| VII | Undistributed profit | |||
Balance by
Active
Passive
| A |
Investments |
A |
Own funds |
|||||
| I | Land and buildings | I | Subscribed capital | |||||
| 1. |
in your own use |
II | agio | |||||
| 2. |
other land and buildings |
III | revaluation reserve | |||||
| IV | legal and statutory reserves | |||||||
| II | Investments in group companies and participating interests | V | Exchange difference reserve | |||||
| 1. |
participating interests in group companies |
VI | other reserves | |||||
| 2. |
bonds issued by and claims on group companies |
VII | undistributed profit | |||||
| 3. |
other equity |
B |
Subordinated debt |
|||||
| 4. |
bonds issued by and claims on participants and companies in which participation is |
C |
Features |
|||||
| 1. |
For pensions |
|||||||
| III | Other financial investments | 2. |
For taxes |
|||||
| 1. |
Shares, Participating Licences and other non-permanent- |
3. |
Other |
|||||
| interest-bearing securities |
||||||||
| 2. |
Bonds and other fixed-income securities |
D |
Long-term debts (for more than one year) |
|||||
| 3. |
exposures from mortgage loans |
1. |
as a result of securities transactions |
|||||
| 4. |
claims arising from other loans |
1.1. |
Commission agents |
|||||
| 5. |
deposits with banks |
1.2. |
Others |
|||||
| 6. |
other financial investments |
2. |
convertible loans |
|||||
| 3. |
Other bonds and private loans |
|||||||
| B |
Claims |
4. |
debts to banks |
|||||
| I | as a result of securities transactions | 5. |
to pay bills of exchange and chèques |
|||||
| 1. |
Commission agents |
6. |
debts to group companies |
|||||
| 2. |
Others |
7. |
debts to participants and to companies in which |
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| II | Other claims | shall take part |
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| III | Accrual-related assets | 8. |
Taxes and social security contributions |
|||||
| 9. |
pensions in respect of pensions |
|||||||
| C |
Other assets |
10. |
other liabilities |
|||||
| I | Fixed assets | 11. |
overcurrent liabilities |
|||||
| 1. |
intangible fixed assets |
|||||||
| 1.1. |
costs of establishment and of issuing shares |
E |
Short-term |
|||||
| 1.2. |
cost of research and development |
(maximum 1 year) |
||||||
| 1.3. |
concessions, permits and intellectual |
1. |
as a result of securities transactions |
|||||
| ownership |
1.1. |
Commission agents |
||||||
| 1.4. |
Goodwill |
1.2. |
Others |
|||||
| 1.5. |
Prepayment on intangible fixed assets |
2. |
convertible loans |
|||||
| 2. |
tangible fixed assets |
3. |
Other bonds and private loans |
|||||
| 3. |
Financial fixed assets |
4. |
debts to banks |
|||||
| II | Liquid assets | 5. |
to pay bills of exchange and chèques |
|||||
| III | Other assets | 6. |
debts to group companies |
|||||
| 7. |
debts to participants and to companies in which participation is |
|||||||
| 8. |
Taxes and social security contributions |
|||||||
| 9. |
pensions in respect of pensions |
|||||||
| 10. |
other liabilities |
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| 11. |
overcurrent liabilities |
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