Ease2pay N.V. ANNUAL

Business / Consolidation

2.3 Basis of consolidation The consolidated financial stat ements include the accounts of the parent Company and the entities it con trols. 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 fr om its involvement with the en tity and (iii) has the ability to u se its power to affect its returns. The Group reas sesses whether it control s an entity if facts and circumstances indica te that there are changes to one or more of the elements of control stated above. All relevant facts an d circumstances are considered in assessing wh ether 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 enti ty is obtained and ceases when control over the entity is lost. See note 1 3 for details of the consolidati on of Stichting Beheer Derdengelden Ease2pay.