Page 24 - Financial Statements 2014, 2015 & 2016
P. 24
Financial Statements AGS Aviation Ground Services N.V.
6. Notes to the financial statements Financial statements 2014
Accounts receivable
2014 2013
Accounts receivable in AWG in AWG
Balance as per December 31 1,157,999 800,202
Bad debt provision (11,605) (6,889)
Total accounts receivable 1,146,394 793,313
Due from related parties
2014 2013
Due from related parties in AWG in AWG
Fast Delivery Real Estate N.V. 224,713 86,154
Tera Holding N.V. - 6,441
Total due from related parties 224,713 92,595
A 7% average yearly interest is calculated on positions with related parties. No repayment is
agreed upon with related parties.
Other receivables
2014 2013
Other receivables in AWG in AWG
Security deposit 48,630 48,630
SVb 40,815 12,165
Other current assets 303 304
Total other receivables 89,748 61,099
Cash and banks
2014 2013
Cash and banks in AWG in AWG
RBC Royal Bank (Aruba) N.V. 108,279 18,154
Petty cash 1,554 21,729
Total cash and banks 109,833 39,883
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