NOTES TO THE HOLDING COMPANY FINANCIAL STATEMENTS

ACCOUNTING POLICIES FOR THE HOLDING COMPANY FINANCIAL STATEMENTS

GENERAL

The company financial statements of Mediq NV are prepared in accordance with the statutory provisions of Part 9, Book 2 of the Dutch Civil Code. We utilise the option afforded by Section 362(8) of Book 2 of the Dutch Civil Code to apply the accounting policies used for the consolidated financial statements to the holding company financial statements. The policies include those covering the presentation of financial instruments as equity or loan capital.

DETAILS OF ACCOUNTING POLICIES

The accounting policies for the holding company financial statements are the same as those for the consolidated financial statements. If an accounting policy is not set out in detail, please refer to the corresponding accounting policies as included in the notes to the consolidated financial statements.

Shareholdings
This includes group companies as well as associates.

We include investments in group companies on the balance sheet based on the equity method. On the acquisition of a group company, its individual assets, liabilities and contingent liabilities are measured at fair value on the date of acquisition. If the cost of acquisition is higher than the fair value of the group’s share in the separately identifiable net assets, the excess is recognised as goodwill. Goodwill is capitalised. After initial recognition, goodwill is carried at cost less accumulated impairment losses. If the acquisition price is lower than the net fair value of the identifiable net assets, we recognise the difference directly in profit or loss. On the sale of a group company, we recognise the difference between the sale proceeds and carrying amount, including goodwill and accumulated translation differences, in profit or loss.