Triodos Bank’s Executive Board provides a perspective on the wider world it operates in, its impact and activity in 2017 and its prospects for the future.
14. Other Liabilities
This item consists of various amounts payable, including Dutch and foreign taxation and social security contributions totalling EUR 8.4 million (2016: EUR 9.0 million). These items are short term liabilities (< 1 year).
Prior year figure have been adjusted due to the change of the accounting standard for property for own use from actual cost to historical cost. The adjustment relates to tax on profit payable in the amount of EUR 12.0 thousand. For further explanation see the general accounting principles.