Financial statements

Notes to the consolidated financial statements


The financial statements have been prepared in accordance with Guideline 650 (Charity Organisations) of the Dutch Accounting Standards Board. All amounts are presented in Euros.

Comparative figures

The accounting policies have been consistently applied to all the years presented.


Stichting Rewilding Europe was established on June 28th, 2011. The objective of Stichting Rewilding Europe is to promote, restore and expand natural habitats and wildlife in Europe. Stichting Rewilding Europe is a non-profit making organisation but strives for continuity.

Consolidation principles

The consolidated financial statements comprise Stichting Rewilding Europe and the subsidiaries over which Stichting Rewilding Europe exercises control. The financial statements of the parent and its subsidiaries are combined on a line by line basis. Intercompany transactions and intercompany balances have been eliminated.

The consolidated financial statements comprise the financial statements of:

  • Stichting Rewilding Europe, registered in Nijmegen, The Netherlands (100%);
  • Rewilding Europe B.V., registered in Nijmegen, The Netherlands (100%), a direct interest.
  • Rewilding Europe d.o.o, registered in Senj, Croatia (100%), held by Rewilding Europe B.V.
  • Lagosta d.o.o, registered in Brusane, Croatia (100%), held by Rewilding Europe d.o.o
  • Rewilding Europe Capital B.V., registered in Nijmegen, The Netherlands (100%), held by Rewilding Europe B.V.

For purposes of alignment with the financial statements of the Dutch entities, all European Wildlife Bank animals purchased in Croatia since 2014 have been expensed in the year of purchase, as these animals do not represent assets controlled by Rewilding Europe.

Rewilding Europe Capital B.V. was established in March 2017 as a wholly owned subsidiary of Rewilding Europe B.V.. It was established as a special purpose vehicle for the investments under REC.

Lagosta d.o.o. has become a fully ownde subsidiary at the end of 2018. Its balance sheet has been consolidated. As the company was acquired late in teh year the income and expenses are not material to the 2018 financial statements.

Currency translation

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange at the reporting date. Income and expenses denominated in foreign currencies are translated at the exchange rates ruling on the corresponding transaction dates. Any resulting exchange differences are recognized in profit or loss.

Remuneration of Directors

The remuneration for both the executive directors complies with the Guideline for Remuneration of Charity Directors of the Platform Goede Doelen Nederland. This guideline provides compensation bandwidth figures, based on a number of specific criteria, such as organisation size, complexity and the governance model. Based on the current guidelines, Rewilding Europe calculated the BSD Score at 394 points. Given the fact that Rewilding Europe has two directors it has applied a reduction to 87% of this score, 344 points. One of the directors is fulltime employed by Rewilding Europe and one is contracted for 0,2 FTE. This would put the maximum salary (‘annual income’) for the directors at € 111.788. The annual income paid out amounts to € 99.832, below the maximum as allowed according to the Guideline. No director received more than the maximum allowed annual income.

The total annual remuneration for the two executive directors amounts to € 116.408. This includes the contribution to the pension premium of € 14.776 that Rewilding Europe pays. The directors have received a total fixed cost compensation of € 1.800. The total remuneration allowed under the Guideline for the two directors combined amounts to € 227.000. Rewilding Europe did not exceed this maximum..

The members of the Supervisory Board do not receive any remuneration for the activities carried out.

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