Changes in reports as from July 2007

As of reporting month July 2007, a change was made to reporting forms AD-C (Assets, participating interests held by the reporting firm in non-residents) and PD-C (Liabilities, participating interests held by non-residents in the reporting firm). Data on dividends received and paid in respect of direct investments need no longer be reported. Instead, as of reporting month July 2007, reporting firms are asked to report on dividend declared.

The columns 'dividend received in the course of the month' and 'dividend paid in the course of the month' on monthly forms AD-C and PD-C have been replaced by a single column 'dividend declared in the course of the month'.

In the quarterly reports for the PNK and VRK reporting profiles, columns 'dividend received in the course of the quarter' and 'dividend paid in the course of the quarter' have been replaced by 'dividend declared in the course of the quarter'. In the yearly reports for the BFI reporting profile, columns 'dividend received in the course of the year' and 'dividend paid in the course of the year' on forms AD-C and PD-C have been discontinued.

Reported as 'dividend declared' should be gross dividend (before any dividend tax). Declared dividend relates only to profit from operating activities. Dividend declared in respect of extraordinary profits such as profit from the sale of a holding, must not be accounted as dividend but should be reported as capital returned under 'sales' on form AD-C and/or PD-C. During the period extending from the declaration of dividend to the actual settlement, a (short-term) liability and/or claim must be reported on form AO-OK for (short-term) other claims and/or form PO-OK for (short-term) other liabilities, unless the liability / claim is part of the current-account balance between both parties and as such already reported on form AO-RC.

The actual settlement of the dividend must be reported as a liability reduction and/or claim reduction on the other liabilities / other claims form, unless the liability / claim is part of the current-account balance between both parties and as such already reported.

During the reporting months from January 2007 to June 2007, dividends declared but not yet reported as settled in the reports on January 2007 to June 2007*, should be reported in the month declaration took place (in the column for dividends received / paid) or, if preferred, in the report on July 2007. In this case, a (short-term) liability and/or claim in respect of the dividend declared must also be reported, unless the liability / claim is part of the current-account balance between both parties and as such already reported. In this way, we aim to avoid questions and re-reportings following the yearly report on 2007.

A special rule applies to the BFI report: a trust office that does not keep the accounts of a BFI itself may base the monthly BFI reports on treasury information. In such a case, dividend paid and/or received must be presented in the dividend declared column. Of course, the yearly report must state dividends declared.

* For firms with non-calendar fiscal year-ends: the period from the start of the fiscal year up to and including June 2007.