Remuneration report

The Supervisory Board is responsible for the remuneration policy for both the Management and Supervisory Boards and for its implementation.

Composition of the boards

The Supervisory Board consists of four members with Dutch nationality. All the members are independent.

Consolidated balance sheet at 31 December

Consolidated statement of profit or loss

All amounts in € thousands

Consolidated statement of cash flows

All amounts in € thousands

Notes to the financial statements

All amounts in € thousands, unless otherwise stated

7 Deferred tax liabilities

Bouwinvest has recognised a deferred tax liability of € 1.5 million of a long-term nature for the difference between the fiscal and commercial valuation of the participations of € 5.1 million at year-end 2023 (2022: € 7.1 million).

8 Long-term liabilities

The short-term part of the received rental incentive amounting to € 32,000 is recognised in the other liabilities.

9 Taxes and social security charges

10 Pension premiums

The movement in short-term liabilities related to pensions was as follows: