Page 41 - Financial Statements 2014, 2015 & 2016

AVSERMA Aviations Services &
Financial Statements Management Co. 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. 137,847 98,151
-/- Provison for bad debt (90,000) (90,000)
Airport Ground Handling & Equipment
Leasing Services N.V. 297,688 32,100

Total due from related parties 345,535 40,251
Due to related parties

2014 2013
Due to related parties in AWG in AWG

Fast Delivery Real Estate N.V. 210,000 -
Tera Holding N.V. 30,000 -

Total due to related parties 240,000 -

A 7% average yearly interest is calculated on positions with related parties. No repayment is
agreed upon with related parties.

Taxes and social premiums

2014 2013
Taxes and social premiums in AWG in AWG

Profit tax 20,692 2,772

Total taxes and social premiums 20,692 2,772
Revenues

2014 2013
Revenues in AWG in AWG

Management fee AGS 200,000 -
Mangement fee AGES 100,000 -

Total revenues 300,000 -

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