ACOMO N.V. ANNUAL

Business / Consolidation

2.3 Consolidation a Subsidiaries Subsidiaries are all those entities over which the Company has control. The Company controls an entity when the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date that control is transferred to the Company until the date that control ceases. The Group uses the acquisition method of accounting to account for business combinations. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Acquisition-related costs are expensed as incurred. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Transactions with non-controlling interests that do not result in a loss of control are accounted for as equity transactions. Gains or losses on disposals to non-controlling interests are also recorded in equity. In the 2023 consolidated financial statements, the Company and the following subsidiaries are included: Percentage of ownership Subsidiaries City and country of incorporation 2023 2022 Acomo European Nuts Holding B.V. Bodegraven, the Netherlands 100% 100% Acomo Food Ingredients Holding B.V. Rotterdam, the Netherlands 100% 100% Acomo Investments B.V. Rotterdam, the Netherlands 100% 100% Acomo North American Commodities B.V. Rotterdam, the Netherlands 100% 100% Acomo Seeds Holding B.V. Etten-Leur, the Netherlands 100% 100% Acomo US Holdings LLC Dover (DE), USA 100% 100% Food Ingredients Service Center Europe B.V. Etten-Leur, the Netherlands 100% 100% Red River-van Eck B.V. Etten-Leur, the Netherlands 100% 100% Red River Bulgaria EOOD Varna, Bulgaria - 100% Red River Commodities Inc. Fargo (ND), USA 100% 100% Re