Movements in equity can be specified as follows:
|
EUR 000 |
Share capital |
Share premium |
Legal reserves |
Other reserves |
Profit for the year |
Total equity attributable to equity holders |
|
Balance at 1 October 2021 |
5,500 |
15,800 |
2,207 |
4,189 |
– |
27,696 |
|
Release of legal reserves |
– |
– |
-630 |
630 |
– |
– |
|
Profit for 2021/2022 |
– |
– |
– |
– |
– |
– |
|
Transaction with owners of the Company recognized directly in equity |
||||||
|
Repayment |
– |
-990 |
– |
– |
– |
-990 |
|
Additions |
– |
2,160 |
– |
– |
– |
2,160 |
|
Balance at 30 September 2022 |
5,500 |
16,970 |
1,577 |
4,819 |
– |
28,866 |
|
Balance as at 1 October 2022, as previously reported (brought forward) |
5,500 |
16,970 |
1,577 |
4,819 |
– |
28,866 |
|
Adjustment on initial application of amendments to IAS 37 |
– |
– |
– |
-628 |
– |
-628 |
|
Balance at 1 October 2022 |
5,500 |
16,970 |
1,577 |
4,191 |
– |
28,238 |
|
Release of legal reserves |
– |
– |
-559 |
559 |
– |
– |
|
Profit for 2022/2023 |
– |
– |
– |
– |
628 |
628 |
|
Transaction with owners of the Company recognized directly in equity |
||||||
|
Repayment |
– |
-1,320 |
– |
– |
– |
-1,320 |
|
Additions |
– |
2,310 |
– |
– |
– |
2,310 |
|
Balance at 30 September 2023 |
5,500 |
17,960 |
1,018 |
4,750 |
628 |
29,856 |
Other details of equity are disclosed in Note 19 Group equity to the consolidated financial statements and the consolidated statement of changes in equity.
33.1 Share capital
The Company has an authorized capital of EUR 20,000 (2021/2022: EUR 20,000), which is divided into 800 shares of EUR 25 each (2021/2022: 800 shares of EUR 25 each). The issued share capital consists of 220 (2021/2022: 220) shares at a nominal value of EUR 25 each (2021/2022: EUR 25 each), representing a total nominal value of EUR 5,500 (2021/2022: EUR 5,500). All of the shares are fully paid up.
KPMG N.V. is obliged to distribute all earnings that constitute profits as contractual fees to Coöperatie KPMG U.A. or as dividend, except for the amount the Board of Management proposes to add to the reserves.
33.2 Legal reserves
The legal reserve for participating interests, which amounts to EUR 1,018 (2021/2022: EUR 1,577), pertains to participating interests that are measured at net asset value. The reserve is equal to the share in the results and direct changes in equity (both of which are calculated on the basis of the Company's accounting policies) of the participating interests since the first measurement at net asset value, less the distributions that the Company has been entitled to since the first measurement at net asset value, and less distributions that the Company may affect without restrictions. The latter share takes into account any profits that may not be distributable by participating interests that are Dutch limited companies based on the distribution tests to be performed by the management of those companies. The legal reserve is determined on an individual basis.
33.3 Other reserves
The other reserves contain the profits of previous years.
33.4 Appropriation of profit
The Company’s profit totals EUR 628 and the Company proposes to add this amount to the reserves.