TMF Group

22. Other receivables

The maximum exposure of credit risk at the reporting date is the carrying value of the other receivables. TMF Group does not hold any collateral as security. TMF Group has no significant concentrations of credit risk. Read more about 22. Other receivables .

23. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less. Read more about 23. Cash and cash equivalents .

24. Equity

Ordinary voting and preference shares are classified as equity. On 30 January 2024, 12,051 C Ordinary Shares, 742,202 C Preference Shares and 269,000 D Ordinary Shares were issued to Stichting Administratiekantoor Management Sapphire. Read more about 24. Equity .

25. Share-based payment

The share-based payment plan is classified as an equity-settled plan since TMF Group does not have an obligation to repurchase the shares or otherwise settle in cash. Read more about 25. Share-based payment .

26. Reserves

The reconciliation of the movements in reserves is as follows: Read more about 26. Reserves .

27. Loans and borrowings

Loans and borrowings are recognised initially at fair value, net of transaction costs incurred. Loan and borrowings are subsequently carried at amortised cost. Read more about 27. Loans and borrowings .

28. Provisions

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

29. Retirement benefit obligations

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 .

3. Material accounting judgements, estimates and assumptions

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 .

30. Trade and other payables

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 .

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