Page 5 - Financial Statements 2014, 2015 & 2016

Airport Groundhandling &
Financial Statements Equipment Leasing Services N.V.
3. Statement of changes in equity Financial statements 2014

Statement of changes in equity

Statement of Retained Result
changes in equity Share capital earnings current year Total
AWG AWG AWG AWG
Movement 2013
Balance as per Jan. 1 20,000 293,084 (2,639) 310,445
Determination of result - (2,639) 2,639 -
Net result 2013 - - (117,383) (117,383)

Balance as per
December 31, 2013 20,000 290,445 (117,383) 193,062

Movement 2014
Determination of result - (117,383) 117,383 -
Net result 2014 - - (61,835) (61,835)

Balance as per
December 31, 2014 20,000 173,062 (61,835) 131,227

The authorized share capital amounts to AWG 100,000 of which AWG 20,000 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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