Page 25 - Financial Statements 2014, 2015 & 2016

Financial Statements AGS Aviation Ground Services N.V.
6. Notes to the financial statements Financial statements 2014

Loan facility

2014 2013
Loan facility in AWG in AWG

RBC Royal Bank (Aruba) N.V. 52,490 88,021

Total loan facility 52,490 88,021

On April 9, 2013 the Company entered into a loan agreement with RBC Royal Bank (Aruba)
N.V. to refinance. The principle amount was AWG 110,000 with an annual interest of 8.75%
and repayment will take place in 35 monthly installments of AWG 3,485.19 with a final
payment on April 30, 2016. The accounts receivable have been assigned as security for the
loan.

Credit institutions

2014 2013
Credit institutions in AWG in AWG

Arubabank N.V. 635,990 924,935

Total credit institutions 635,990 924,935

The Company has an overdraft facility with Arubabank N.V. for AWG 700,000 with an annual
interest of 8%. All assets and shares have been pledged, in addition the local shareholders
put in personal guarantees.

Due to related parties

2014 2013
Due to related parties in AWG in AWG

Airport Ground Handling & Equipment
Leasing Services N.V. 750,763 592,238
Avserma Aviation Services and Management Co. N.V. 297,688 98,151

Total due to related parties 1,048,451 690,389
A 7% average yearly interest is calculated on positions with related parties. No repayment is
agreed upon with related parties.

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