to aiding understanding, a statement of equity movements has been appended to it.
For the first time, the financial statements are based on the IPSAS (previously: Part 9 of Book 2 of the Dutch Civil Code). These International Public Sector Accounting Standards are better suited to the international and non-profit nature of the BOIP. Using the IPSAS means that a number of items in the financial statements are presented differently from how they were presented in the past. The effect of these changes has been incorporated in the balance sheet as at 1 January 2015, which on the basis of IPSAS 1 p.151" is presented to show comparative figures. The overall effect of the adjustments (€16,867,000) has been charged directly to equity.