Fortis Funds (Nederland) N.V. - BNP Paribas Investment Partners

Fortis Funds (Nederland) N.V. Condensed Interim Report 2009
30 June 2009 UNAUDITED
2.2 Accounting policies
The same principles are used for the valuation of the assets and liabilities and determination of
results as in the financial statements for the year ended 31 December 2008.
3. Share capital and share premium
Number of shares Ordinary Share Total
shares premium
x € 1,000 x € 1,000 x € 1,000
At 1 January 2008 500 227 828 1,055
Business combination 11,274 11,274
At 31 December 2008 500 227 12,102 12,329
Issued and paid up capital
On 1 November 2008, the Company’s articles of association were amended with regard to share
capital for the conversion of NLG to EUR ex article 178b Part 5, book 2 of the Dutch Civil Code.
Before this amendment NLG amounts were converted into EUR in accordance with article 178c of the
Dutch Civil Code. After conversion the authorised share capital amounts to EUR 450,000 consisting
of 1,000 shares with a face value of EUR 450 each.
In accordance with article 178a Part 5, book2 of the Dutch Civil Code a legal reserve is recognised for
the difference between the value of the issued capital by using the official European Union conversion
rate and the amended value in the articles of association.
At 30 June 2009, 500 shares have been issued and fully paid.
Share premium
Share premium increased in 2008 due to the acquisition of the amalgamated company by the
Company on 1 November 2008. The amalgamated company’s issued capital has been reclassified
into share premium.
Distribution of profit
Dividends are recognised as a liability in the period in which they are declared.
4. Income tax expenses
The standard and effective tax rate for the period from 1 January to 30 June 2009 was 25.5% (2008:
25.5%).
5. Dividends
Dividend 2008 (EUR 11.587 thousand) was paid in June 2009.
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