13. Guarantees and commitments not included in the balance sheet
(amounts in millions of €, unless otherwise indicated)
| |
|
|
|
| Guarantees on behalf of subsidiaries |
3.4 |
|
3.0 |
The company bears joint and several liability for drawings by subsidiaries under the multi-currency syndicated revolving credit facility and under bank overdraft and guarantees facilities, in the amount of € 555 million (2007: € 157 million).
The company’s commitments for the period shorter than one year amount to € 0.9 million (2007: € 0.8 million) and for the period between one to five years € 0.8 million (2007: € 0.8 million) in respect of lease contracts for automobiles.
The company is part of fiscal unities for corporate income taxes, as well as for value-added taxes. As a consequence, the company bears joint and several liability for the debts in respect of corporate income taxes and value-added taxes of the fiscal unities. The company settles corporate income taxes, based on the results before taxes of the subsidiaries belonging to the fiscal unity.
The company has declared itself jointly and severally liable for a limited number of its Dutch subsidiary companies, serving as sub-holding companies.
Diemen, February 25, 2009
| The executive board |
|
The supervisory board |
| B.J. Noteboom (chairman) |
|
F.W. Fröhlich (chairman) |
| R.J. van de Kraats (vice-chairman) |
|
F.J.D. Goldschmeding (vice-chairman) |
| J.W. van den Broek |
|
H.M.E.V. Giscard d’Estaing |
| L.J.M.V. Lindelauf |
|
B.C. Hodson |
| G.A. Netland |
|
J.C.M. Hovers |
| B. Wilkinson |
|
G. Kampouri Monnas |
| W.A.F.G. Vermeend |
|
| L.M. van Wijk |
|
| R. Zwartendijk |
|