Search

Provisions are recognised when TMF Group has a present legal or constructive obligation as a result of past events, then it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably Read more about 28. Provisions .

TMF Group has defined retirement benefit obligations of minor importance in Switzerland. Minor retirement benefit obligations are present in some other countries. Read more about 29. Retirement benefit obligations .

In preparing these consolidated financial statements, management has made judgements and estimates that affect the application of TMF Group's accounting policies and the reported amounts of assets, liabilities, income and expenses. Read more about 3. Material accounting judgements, estimates and assumptions .

Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method. Read more about 30. Trade and other payables .

As at 31 December 2023, capital expenditure for the acquisition of property, plant and equipment contracted for at balance sheet date but not yet incurred amounted to €0 million. Read more about 31. Commitments .

TMF Group has claims & litigation arising from the normal course of business. The material outflow of resources in respect of these claims & litigation is not probable and therefore no provision has been recorded other than set out in note 28. Read more about 32. Contingencies .

TMF Group Holding B.V. (“TMF Group”) is the parent company of our operational entities. Read more about 33. Related parties .

The remuneration of the auditor Ernst & Young Accountants LLP (“EY NL”) and remuneration of other EY network firms can be specified as follows: Read more about 34. Independent auditor’s fee .

TMF Group signed agreement with Proven - Kingdom of Saudi Arabia to acquire 100% of the shares which became effective in January 2024. The acquisitions are driving our strategic and operational performance. Read more about 35. Subsequent events .

The entities of TMF Group by country of incorporation as at 31 December 2023, as consolidated in these financial statements are included below. All entities have a balance sheet date of 31 December. Read more about 36. TMF Group entities .