Profit appropriation
No special rules have been established concerning the allocation of earnings. The annual statement of accounts is adopted by the Board of Governors, on the proposal of the Tilburg University Executive Board, which prepares the annual statement of accounts. The operating result for 2021 amounted to €4,031,624 and was allocated as follows.
General reserve | ||||
Concern | -121,494 | |||
Management units | 3,473,080 | |||
Participating interests | 527,182 | |||
Special purpose reserve (private) | ||||
Reserves for related parties | 152,856 | |||
Total | 4,031,624 |
The appropriation of results is reflected in the balance sheet as of December 31, 2021.
