Background
Annual accounts

Notes to the consolidated
profit and loss account


Return to the table of content of the Annual account *

Notes to the consolidated profit and loss account

9. Products

 

         
x EUR 1,000        
         
Net turnover        
    2013/14   2012/13
         
Seed potatoes   244,928   234,737
Ware potatoes   24,613   42,351
Other   2,155   1,513
    271,696   278,601
         

Overview of distribution by sales region (x EUR 1,000 and as a %)

2013/14
 
2012/13
         
The Netherlands 47,354 17% 51,014 18%
Other EU countries 131,986 49% 129,272 46%
Other European countries 9,274 3% 9,209 3%
Countries outside Europe 83,082 31% 89,106 33%
  271,696 100% 278,601 100%
         

 

10. Services

Turnover from services mainly consists of revenues received from research and from grading and storage.

11. Other income

This consists mainly of income from licence fees.

12. Cost of sales

Costs of raw materials and supplies, and services from third parties.
Included in this amount are, among other things, purchases of products from growers and third parties, as well as the costs of storage and packaging.

13. Staff expenses

     
  2013/14 2012/13
     
Wages and salaries 15,162 13,969
Social insurance costs 2,375 2,427
Pension costs 2,159 2,160
  19,696 18,556
     

During the financial year, the average number of employees at HZPC Holland B.V. and its subsidiaries was 261 fte (previous financial year 253). Of this number, 164 fte are employed at HZPC Holland B.V. These figures only take account of permanent employees.

     
Specification of number of employees 2013/14 2012/13
     
Management and administration 46 43
Commerce / correspondence 63 64
Purchasing and logistic planning 58 56
Storage, grading and transport 30 33
Research & Development 64 57
  261 253
     

14. Taxes

The effective tax rate amounts to 16.9%; this can be explained as follows:

The effective tax rate for the Dutch companies was lower than the nominal rate of 25% due to to extra tax deductions/allowances, particularly those arising from R&D activities that relate (in part) to previous years. The average tax rate for the companies outside the Netherlands was 31.9%.

Transactions with related parties

Transactions with related parties occur when a relationship exists between the company, its participating interests and their directors and key management personnel. There were no transactions with related parties that were not on a commercial basis.

Other chapters

Our Annual Report read this chapter Overview and Strategy read this chapter Management (operational) read this chapter Corporate Management read this chapter Annual Account of HZPC Holland B.V. Table of content of Annual Account read this chapter Consolidated balance sheet read this chapter Consolidated profit and loss account read this chapter Consolidated cash-flow statement read this chapter Notes to the consolidated financial statements read this chapter Notes to the consolidated balance sheet read this chapter Parent company balance sheet read this chapter Parent company profit and loss account read this chapter Notes to the parent company financial statements read this chapter Other information read this chapter

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