Page 11 - Financial Statements 2014, 2015 & 2016
P. 11
Airport Groundhandling &
Financial Statements Equipment Leasing Services N.V.
6. Notes to the financial statements Financial statements 2014
Contingent liabilities
The Company entered into a ground handling concession agreement with Aruba Airport
Authority N.V. Under this agreement the Company is able to operate groundhandling services
up to and including December 31, 2021. The concession fee for 2014 was 7% of the annual
gross receipts and will be 8% as per January 1, 2015, with a yearly minimum guaranteed
amount.
Revenues
2014 2013
Revenues in AWG in AWG
Equipment lease AGS 900,000 840,000
Equiment lease others 151,775 110,059
Total revenues 1,051,775 950,059
Operational expenses
2014 2013
Operational expenses in AWG in AWG
Gasoline & oil 228,057 178,670
Garage expenses 143,608 201,733
Insurance expenses 141,725 146,474
Car rental 33,676 36,878
Concession fees 9,600 9,600
Other vehicle expenses 2,969 45,592
Other operational expenses 178,376 175,571
Total operational expenses 738,011 794,518
Office expenses
2014 2013
Office expenses in AWG in AWG
Office supplies 2,935 -
Total office expenses 2,935 -
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