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FloraHolland members agree to loss coverage proposal for 2013

During the General Members’ Meeting of the Royal Flower Auction Cooperative FloraHolland on Thursday, July 10, the members voted on the proposal to cover the loss incurred in 2013.

A 78% majority of the members present voted in favour of contributing €11 million to cover the loss. Part of the liquidity contribution (25%) was put towards this. The remainder (75%) will be deposited in the members' loan account. The remaining net loss of €15.6 million will be charged to the general reserve. After taking this important decision, the meeting approved the annual accounts.

Click here to read the complete article at floraholland.com

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