This chapter contains a summary of the financial statements for the 2014 financial year. The auditor's report only covers the Balance Sheet, the Income Statement and the accompanying notes in the Financial chapter of this annual report. In the Netherlands there are no generally accepted criteria available for compiling summary financial statements. Therefore the Management Board itself has developed these criteria. The purpose of this chapter is to provide a comprehensible summary of the BOIP's financial statements. The criteria and the aggregation level applied in this summary are based on this.

The original balance sheet as at 31 December 2014 and the 2014 income statement from the financial statements are fully incorporated in this summary. The financial statements are based on Part 9 of Book 2 of the Dutch Civil Code.

This summary is limited to the repetition of the accounting policies for material items in the financial statements.

The notes required under Part 9 of Book 2 of the Dutch Civil Code are set out in a simplified manner, taking account of the intended purpose of these summary financial statements.

The accompanying summary was issued at a later date than the financial statements. Because this document only intends to provide a summary of the original financial statements for the 2014 financial year, the events in the interim period have not been taken into account.

Reading this summary may not substitute reading the original audited financial statements for the 2014 financial year due to the fact that various simplifications have been introduced. Users who need more information can view a copy of the internal financial statements at the BOIP's office.