Page 10 - Financial Statements 2014, 2015 & 2016
P. 10
Airport Groundhandling &
Financial Statements Equipment Leasing Services N.V.
6. Notes to the financial statements Financial statements 2014
Due from related parties
2014 2013
Due from related parties in AWG in AWG
AGS Aviation Ground Services N.V. 750,763 592,238
Total due from related parties 750,763 592,238
A 7% average yearly interest is calculated on positions with related parties. No repayment is
agreed upon with related parties.
Cash and banks
2014 2013
Cash and banks in AWG in AWG
Arubabank N.V. 1,340 1,990
RBC Royal Bank (Aruba) N.V. - 980
Total cash and banks 1,340 2,970
Loan facility
2014 2013
Loan facility in AWG in AWG
Arubabank N.V. 809,875 926,748
Total loan facility 809,875 926,748
On April 2, 2012 the Company entered into a loan agreement with Arubabank N.V. for the
purchase of new equipment. The principle amount was AWG 110,000 with an annual interest
of 8% and repayment will take place in 83 monthly installments of AWG 15,650 with a final
payment on November 30, 2019. All assets and shares have been pledged, in addition the
shareholders put in personal guarantees.
Due to related parties
2014 2013
Due to related parties in AWG in AWG
Avserma Aviation Services and Management Co. N.V. 137,847 32,100
Total due to related parties 137,847 32,100
A 7% average yearly interest is calculated on positions with related parties. No repayment is
agreed upon with related parties.
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