It is very important that no trademark license expense is included in the result from ordinary activities. I will calculate the trademark license fee for 2015 based on Actual figures as of November 2015 (+ 1 month of Sales Forecast) - respectively for China and Brazil based upon the agreed procedure- and will deduct the trademark royalty for 2015 afterwards from the ordinary result before trademark expenses HB 1. This result will then be included in the calculation whether the company is a loss making company or not. Loss making company means a negative result from ordinary activities after trademark license fee for the years 2013, 2014, 2015 (2nd FC), 2016 (Budget). For the years 2013 and 2014 I will take the figures out of the Alea Excel Reporting Package.
Thank you very much for your support in advance!
If you have any questions please contact me.