The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS)
as endorsed by the EU and also comply with the financial reporting requirements included in Part 9 of Book 2 of the Dutch Civil Code.
All standards and interpretations issued by the International Accounting Standards Board (IASB) and the International Financial Reporting
Interpretations Committee (IFRIC) effective year-end 2014 have been adopted by the EU. Consequently, the accounting policies applied
by the Company also comply fully with IFRS as issued by the IASB.