Financial Key Figures

x 1 million euro	2015/16	2016/17	2017/18
Results
Net turnover	289.5	316.4	300.3
Gross margin	48.1	59.0	55.3
Result after tax	7.0	8.5	4.7
Depreciation tangible fixed assets	2.9	3.1	3.2
Investments in tangible fixed assets	3.1	8.0	2.9
Balance sheet
Group equity	46.3	49.3	50.3
Cash flow from operating activities	3.0	21.6	9.1
Cash and cash equivalents	19.7	28.5	25.2
Growers depositis	20.7	21.0	0
Total assets	108.6	119.8	125.1
Group equity as % of total assets	42.6%	41.1%	40.2%

For more details and background, please read our full Anual Report 2017-2018

Risk Management

Doing business inherently involves taking risks. By taking balanced risks we strive to continuously build on being a financially sound and sustainable company. Risk management is therefore an important element of our corporate governance and strategy development.

HZPC's business is focused on developing potato varieties, selling potatoes, and developing potato concepts and potato knowledge. We always seek to take initiatives that will increase awareness of business risks and internal control. At the same time, we have to be willing to take risks while focusing on providing transparency in our operations.