Net defined benefit assets and liabilities relate to post-employment defined benefit arrangements.
The short-term part of deferred tax assets, after write-down and netting with the short-term part of deferred tax liabilities, amounts to € 4.8 million (2022: € 5.9 million).
The weighted average term has been calculated on the basis of the remaining terms of the individual loans.
Corbion's activities are exposed to a variety of financial risks including currency, interest rate, commodity, liquidity, capital, and credit risk.
For more information on the remuneration policy see the Remuneration report. For more information on share-based payments see Note 27.
A share plan is in place for the Board of Management. The members of the Board of Management have a total of 148,560 unvested share rights in the company as at 31 December 2023 (2022: 144,599).
The capital expenditure commitments not yet incurred amounted to € 6.7 million for (in)tangible fixed assets as at 31 December 2023 (2022: € 35.4 million).
On 26 January 2024, Corbion announced Kingswood will acquire the emulsifier business from Corbion for a cash purchase price of $ 362 million, with expected net cash proceeds of approximately $ 275 million, post tax and transaction costs.
