Parent company financial statements
Balance sheet at 31 December of Koninklijke DSM N.V. before profit appropriation
x € million
Property, plant and equipment
Deferred tax assets
Other deferred items
Cash and cash equivalents
Shareholders' equity and liabilities
Profit for the year
Other non-current liabilities
Other current liabilities
Income statement of Koninklijke DSM N.V.
x € million
Cost of outsourced work and other external costs
Wages and salaries
Social security and pension charges
Amortization of intangible assets and depreciation of Property, plant and equipment
Total operating expenses
Result before income tax
Share of the profit of subsidiaries
Result after income tax
Share of the profit of associates and joint ventures
Other results related to associates and joint ventures
Net profit attributable to equity holders of Koninklijke DSM N.V.
Notes to the parent company financial statements
1 Summary of the accounting policies
Unless stated otherwise, all amounts are in € million.
The Parent company financial statements are the financial statements of Koninklijke DSM N.V., which have been prepared in accordance with accounting principles generally accepted in the Netherlands.
The accounting policies used are the same as those used in the consolidated financial statements, in accordance with the provisions of article 362-8 of Book 2 of the Dutch Civil Code. In these separate financial statements, investments in subsidiaries are accounted for using the net asset value. The balance sheet presentation is aligned with the consolidated financial statements in order to enhance transparency and facilitate understanding.
The statutory seat of Koninklijke DSM N.V. is Het Overloon 1, Heerlen (Netherlands). A list of DSM participations has been filed with the Chamber of Commerce (Netherlands) and is available from the company upon request, as well as on the company website. DSM is registered in the Dutch Commercial Register under number 14022069.
Information on the use of financial instruments and on related risks for the group is provided in the 'Notes to the consolidated financial statements of Royal DSM'.
Other income consists mainly of the charged corporate overhead and services to the group companies.
The company forms a fiscal unity for corporate income tax purposes together with the group companies in the Netherlands. Each of the companies recognizes the portion of corporate income tax that the relevant company would owe as an independent tax payer, taking into account the tax liabilities applicable to the company.