Puncto Handel- und Beratung B.V.Liquidiert

Puncto Handel- und Beratung B.V.

Tutzing

Jahresabschluss zum Geschäftsjahr vom 01.01.2012 bis zum 31.12.2012

PUBLICATION DOCUMENTS 2012

PUNCTO HANDEL- UND BERATUNG B.V. TUTZING

Registration number Chamber of Commerce: 08105863

1.1 Balance sheet as at December 31, 2012

1.2 General notes

1.2.1 Principles for consolidation

In accordance with the stipulations of article 407, section 2, letter a Book 2 of the Netherlands Civil Code the consolidation of the group details has been left out.

1.2.2 Principles for the valuation of assets and liabilities

General

In connection with the international branches of the group the annual accounts of Puncto Handel- und Beratung B.V. have been compiled according to the standards, which are considered as generally accepted in Germany. Therefore the principles mentioned relate to the principles as these are valid in Germany and therefore can be at variance with which is the standard in the Netherlands.

Tangible fixed assets

The tangible assets are valued at purchase value less the annual linear terms of depreciation and based on the economic activities.

Financial fixed assets

The participations under the financial fixed assets are valued at purchase value.

Receivables, liquid means, liabilities and accruals

As not mentioned otherwise the liquid means are at free disposal.

1.2.3 Principles for the determination of the result

Result

The result has been recognized as the difference between the realizable value of the achievements made and the costs and other losses in the financial year. The results on transactions have been attributed to the year to which they are realized; losses have been recognized as soon as they are foreseeable.

The costs have been determined subject to the above mentioned valuation principles and have been attri-buted to the year under review to which they refer to.

Gross profit

The gross profit is the difference between the net turnover and the cost of the turnover. The amounts charged to third parties for the goods and services supplied in the year under review under deduction of discounts and excluded the value added tax, make the net turnover. The purchase value and other costs that can be ascribed directly to the net turnover is the cost of the turnover.

1.3 Notes to the balance sheet

Financial fixed assets

Receivables on manager

The total reveivables on manager is at 31-12-2012: € 54.353 (31-12-2011: € 211.502)

There is no interest calculated en no redemption obligation determined.

Equity capital

Issued capital

The issued capital (to the amount of € 18.183) is fully paid in at 31-12-2012. The paid in and called up capital has been made up as follows:

Other reserves

The retained part of the annual profit is for 2012: 100% (2011: 100%)

1.4 Notes to the profit and loss accounts

Employees

The average number of employees a year was in 2012: 1 (2011: 1).

The division into activities can be reported as follows:

The annual accounts 2012 have been determined by the general shareholders' meeting on November, 20, 2013.

Puncto Handel- und Beratung B. V., Tutzing

Approval of the financial statements for the year ending at 31. December 2012 of Puncto Handel- und Beratung B. V., Tutzing, by minutes of the shareholders` meeting dated 22.10.2013.