Annual Report 2018

11. Contingencies

The Company is liable, as intended in Article 403, Book 2, of the Dutch Civil Code for:

List of subsidiaries

Brilmij Groep B.V.

GrandVision Supply Chain B.V.

Central Vision II B.V.

GrandVision Turkey B.V.

GrandVision Baltics B.V.

Optical Retail Group B.V.

GrandVision Benelux B.V.

The Vision Factory B.V.

GrandVision Finance B.V.

GrandVision Argentina & Uruguay B.V.

GrandVision Group Holding B.V.

GrandVision Brazil B.V.

GrandVision India B.V.

GrandVision Chile B.V.

GrandVision IT Services B.V.

GrandVision Colombia B.V.

GrandVision Italy B.V.

GrandVision Latam B.V.

GrandVision Portugal B.V.

GrandVision Mexico B.V.

GrandVision Retail Holding B.V.

GrandVision Peru B.V.

The Company forms an income tax group with GrandVision Group Holding BV, Central Vision II BV, GrandVision IT Services BV, GrandVision Supply Chain BV, GrandVision Finance BV, GrandVision Turkey BV, GrandVision Retail Holding BV, GrandVision Latam BV, GrandVision Brazil BV, GrandVision Chile BV, GrandVision Argentina & Uruguay BV, GrandVision Colombia BV, GrandVision Peru BV, GrandVision Mexico BV, GrandVision India BV, GrandVision Italy BV, GrandVision Portugal BV, GrandVision Benelux BV, The Vision Factory BV, Brilmij Groep BV and Optical Retail Group BV. Under the standard conditions, the members are liable for income taxes payable by the income tax group.

For bank guarantee facilities refer to note 23 of the consolidated financial statements.

Schiphol, 26 February 2019

Management Board

S. Borchert, CEO
P.J. de Castro Fernandes, CFO

Supervisory Board

C.J. van der Graaf (Chairman)
M.F. Groot (Vice-Chairman)
P. Bolliger  
J.A. Cole  
W. Eelman