2 – Equity
Issued capital
The authorised share capital of the company totals €10 million, subdivided into 10 million ordinary shares with a nominal value of €1 each. The ordinary shares are grouped into class A, B, C, D and E shares.
Amounts in €1,000 | 2020 | 2019 |
Issued and fully paid are: | ||
5,000,000 ordinary class A shares | 5,000 | 5,000 |
5,000,000 ordinary class B shares | 5,000 | 5,000 |
10,000 | 10,000 |
Statutory reserve for participating interests
Amounts in €1,000 | 2020 | 2019 |
Balance as at 1 January | 444 | 554 |
Movements | 1,756 | -110 |
Balance as at 31 December | 2,200 | 444 |
Statutory reserve for development costs
Amounts in €1,000 | 2020 | 2019 |
Balance as at 1 January | 624 | 493 |
Movements | 395 | 131 |
Balance as at 31 December | 1,019 | 624 |
Share premium
This concerns the difference between the value of the assets added at the time and the nominal value of the shares issued.
Other reserves
Amounts in €1,000 | 2020 | 2019 |
Balance as at 1 January | 57,210 | 37,826 |
Movements in statutory reserve for participating interests | -1,536 | 110 |
Movements in statutory reserve for development costs | -397 | -131 |
From profit appropriation 2019/2018 | 21,249 | 19,405 |
Dividend payment | -39,617 | 0 |
Correction share premium / PYA | 253 | 0 |
Balance as at 31 December | 37,162 | 57,210 |
Of the other reserves, 50% is linked to the class A shares and 50% to the class B shares.
Results for the financial year
Amounts in €1,000 | 2020 | 2019 |
Balance as at 1 January | 21,249 | 19,405 |
Result for the financial year | 21,485 | 21,249 |
Profit appropriation, to other reserves | -21,249 | -19,405 |
Balance as at 31 December | 21,485 | 21,249 |
Appropriation of 2019 profit
In accordance with the decision taken by the General Meeting of Shareholders on 3 March 2020, the profit for 2019 was added to the other reserves and €39,617,000 from the other reserves was paid out as an interim dividend.
Proposed profit appropriation for 2020
The Board of Directors proposes that the General Meeting of Shareholders add the profit for 2020 of €21,485,000 to the other reserves. Furthermore, it is proposed that €3,275,000 should be paid out from the other reserves (via the current account) as an interim dividend. This proposal has not yet been incorporated into the financial statements.
Off-balance-sheet obligations
The company forms part of a group tax entity for corporation tax and turnover tax and as such, is jointly and severally liable for the corporation tax debt of the group tax entity as a whole. The legal entity is a partner in several general partnerships (v.o.f.) and as such, is jointly and severally liable for the debts of these general partnerships.
ING Bank NV, ABN AMRO Bank NV and Deutsche Bank AG have provided Unica Groep BV and its subsidiaries with credit facilities in their current accounts and/or guarantee facilities. As a result, the group companies have pledged receivables, stocks and fixtures and fittings to the banks.
Transactions with associated parties
Unica Groep BV charges interest to its operating companies. This interest amounted to €1.1 million in 2020 (2019: €1.1 million).
Number of employees
The company did not have any employees in 2020 (2019: 0).
Signatures to the financial statements
Hoevelaken, 26 March 2021
Board of Directors
John Quist
Bert Moser
Supervisory Board:
Michiel Jaski
Luc Hendriks
Henk ten Hove