Ease2pay N.V. ANNUAL

Business / Consolidation

2.4 Basis of consolidation The consolidated financial statements include the accounts of the parent Company and the entities it controls. Control The Group controls an entity when it has (i) power over the entity based on existing rights that give the current ability to direct the relevant activities of the entity, (ii) is exposed to, or has rights to, variable returns from its involvement with the entity and (iii) has the ability to use its power to affect its returns. The Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to one or more of the elements of control stated above. All relevant facts and circumstances are considered in assessing whether the Group’s voting and share rights in an entity are sufficient to give it power. Consolidation of a subsidiary begins when control over the entity is obtained and ceases when control over the entity is lost. See note 13 for details of the consolidation of Stichting Beheer Derdengelden Ease2pay.