Page 19 - Financial Statements 2014, 2015 & 2016

Financial Statements AGS Aviation Ground Services N.V.
3. Statement of changes in equity Financial statements 2014

Statement of changes in equity

Result
Statement of Share Share Retained current
changes in equity capital premium earnings year Total
AWG AWG AWG AWG
Movement 2013
Balance as per Jan. 1 178,000 659,307 (1,879,717) (1,075,481) (2,117,891)
Determination of result - - (1,075,481) 1,075,481 -
Additional capital - 160,000 - - 160,000
Net result 2013 - - - (534,461) (534,461)

Balance as per
December 31, 2013 178,000 819,307 (2,955,198) (534,461) (2,492,352)

Movement 2014
Determination of result - - (534,461) 534,461 -
Additional capital - 100,000 - - 100,000
Net result 2014 - - - 962,360 962,360

Balance as per
December 31, 2014 178,000 919,307 (3,489,659) 962,360 (1,429,992)

The authorized share capital amounts to USD 100,000 of which USD 100,000 was issued and
fully paid up as per December 31, 2014. The determination of the result is based on a yearly
decision of in the general meeting of shareholders of the Company.

The notes form an integral part of these financial statements

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