The company financial statements are prepared in accordance with the provisions of Title 9, Book 2 of the Dutch Civil Code and the firm pronouncements in the Dutch Accounting Standards, as published by the Dutch Accounting Standards Board ('Raad voor de Jaarverslaggeving').

The principles of measurement and determination of the result are the same for the company financial statements and the consolidated financial statements. For the principles for the measurement of assets and liabilities and for the determination of the result, reference is made to the principles of measurement and determination of result as included in the notes to the consolidated balance sheet and profit and loss account, unless stated otherwise below.

Participating interests in group companies in which significant influence is exercised on the business and financial policy are measured according to the net asset value method, but not lower than zero. This net asset value is calculated based on the principles of the cooperative. If the measurement of a participation according to the net asset value is negative, it is stated at nil. Other long-term interests are also taken into account that must actually be regarded as part of the net investment in the participation. If and insofar Avebe is fully or partially responsible for the debts of the participation or has the firm intention of enabling the participation to settle its debts, a provision is recognised for this. When determining the size of this provision, provisions for bad debts already deducted from receivables from the participating interest are taken into account.