Explanatory notes to the annual accounts General The annual accounts were prepared in accordance with Guideline 650 of Fundraising Organisations (RJ650).
Associated parties Stichting ZOA had a 100% participation in ZOA Deutschland gGmbH (Bonn, Germany). In 2019, the shares of ZOA Deutschland gGmbH were transferred for an amount of â‚Ź 4. The mutual relationship between Stichting ZOA and ZOA Deutschland gGmbH was formalized in a Charter Agreement that was signed in September 2019. In accordance with Guideline 650 of Fundraising Organisations, no consolidated annual accounts were prepared.
Consortia partners income Income and expenditures of consortia partners are excluded from indicator percentages, unless otherwise indicated.
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The annual accounts were prepared on historical cost basis or at fair value. Unless otherwise indicated, assets and liabilities are presented at historical costs. Income and expenditure are allocated to the period to which they relate. The annual accounts are presented in euros.
Reporting period The annual accounts were prepared based on a reporting period of one year. The financial year coincides with the Gregorian calendar year.
Comparison with the previous year The valuation principles and methods of determining the result are the same as those used in the previous year, with the exception of the changes in accounting principles as set out in the relevant sections.
