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TMF Group Holding B.V. was incorporated in the Netherlands on 13 June 2022. The address of the registered office is at Herikerbergweg 238, 1101 CM Amsterdam, the Netherlands. The Chamber of Commerce number of TMF is 86647385. Read more about 1. General information .

Finance income is recognised using the effective interest method for debt instruments measured subsequently at amortised cost. Read more about 10. Net finance costs .

Read more about 11. Other gains/(loss) .

The current income tax expense is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where TMF Group operates and generates taxable income. Read more about 12. Income tax (expense)/benefit .

Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Read more about 13. Deferred tax assets and liabilities .

The total non-controlling interest for the year is €13.8 million. Since non-controlling interest is considered not material for TMF Group no further summarised financial information is disclosed. Read more about 14. Non-controlling interest .

Alongside TMF Group's strategies for organic growth, it is TMF Group's intention, where appropriate, to continue to make acquisitions that provide additional scale to the business, enhance a specific service offering, assist in consolidating Read more about 15. Business combinations .

Goodwill arises on the acquisition of subsidiaries and represents the excess of the consideration transferred, the amount of non-controlling interest in the acquiree and the acquisition-date fair value of any previous equity interest in the acquiree Read more about 16. Intangible assets .

We measure property, plant and equipment at cost less accumulated depreciation and impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. Read more about 17. Property, plant and equipment .

At inception of a contract, TMF Group assesses whether a contract is, or contains, a lease. Read more about 18. Right-of-use of assets and lease liability .