Assignment and Funding
The Auto Battery Recycling Foundation is the client of ARN Auto Recycling Nederland B.V. Funding is provided through the management fee on EV and LMT batteries paid by participating importers.
Governance
The RAI Association is the governing body and can appoint, suspend, and dismiss a natural person.
The Board of Directors consists of:
- Olaf de Bruijn (chairman) – RAI Association
- Paul Dietz (Board Secretary)
Online Portal for Battery Registration (MBO)
The Mijn Batterij Opgave portal was launched on April 1, 2024. This portal is intended for all market parties who are the first to introduce a traction battery or a starter battery (built-in or a separate aftersales unit) of an EV vehicle to the Dutch market and participate in the ARN management plan. By registering batteries on ARN’s Mijn Batterij Opgave portal, they fulfill the registration obligation when placing new batteries on the market. The registration is used to report the total mass of batteries placed on the market annually to the Dutch government and for the collection of the management fee.
Batteries from Light Means of Transport (LMT)
RAI Association asked ARN in 2023 to set up a management system for LMT batteries. In 2024, this management system was further developed, the management fee for 2023 was collected, many LMT importers were approached to join, and the first LMT batteries were collected. These are batteries under 25 kilograms. This activity is (temporarily) housed under the Autobatterij Recycling Foundation because it has authorization to report on this to the Ministry of Infrastructure and Water Management. For these batteries, a management fee of €13.50 including VAT applies in 2024 (2023: €13.50). The costs incurred for this are charged separately, allowing for a clear distinction between the two funds in the Autobatterij Recycling Foundation.
Reporting
The annual financial statement of Autobatterij Recycling Foundation is prepared based on its own principles.
| Balance Sheet and Profit Loss Statement | 2024 | 2023 | |
|---|---|---|---|
| Balance Sheet (before profit appropriation in euros) | |||
| 1 | Financial Fixed Assets | 36,180,641 | 28,985,511 |
| Total Fixed Assets | 36,180,641 | 28,985,511 | |
| 2 | Receivables | 2,744.859 | 1,823,212 |
| 3 | Cash and Cash Equivalents | 4,323.873 | 5,052,403 |
| Total Current Assets | 7,068.732 | 6,875,615 | |
| Total Assets | 43,249.373 | 35,861,126 | |
| 4 | EV Battery Management Fund | 42,592.394 | 35,359,559 |
| 5 | LMT Battery Management Fund | 31.604 | 8,250 |
| 6 | Current Liabilities | 625.375 | 493,317 |
| Total Liabilities | 43,249.373 | 35.861,126 | |
| Total Equity and Liabilities | 43,249.373 | 35,861,126 | |
| Profit Loss Statement (in euros) | |||
| 7 | Revenue from EV Battery Management Fee | 5,563.084 | 5,449,537 |
| 8 | Revenue from LMT Battery Management Fee | 42.530 | 37,264 |
| 9 | Investment Income | 3,346.748 | 2,556,794 |
| 10 | Interest Income and Similar Revenues | 62.823 | 26,030 |
| Total Revenues | 9,015.185 | 8,069,625 | |
| 11 | General Expenses | 1,683.794 | 1,487,052 |
| 12 | Interest Expenses and Similar Costs | 75.202 | 63,960 |
| Total Operating Expenses | 1,758.996 | 1,551,012 | |
| Operating Result | 7,256.189 | 6,518,613 | |
| 13 | Taxes on Result | 0 | 0 |
| Result After Taxes | 7,256.189 | 6,518,613 | |
Explanation
- Financial Fixed Assets: Autobatterij Recycling Foundation has entrusted the management of the investment portfolio to two asset managers. The funds are invested in both bond and equity funds. The asset managers have been given a neutral and sustainable investment policy, derived from the foundation’s investment statute. This minimizes the risks associated with investing as much as possible and ensures sustainable investing.
- The receivables item mainly consists of debtors and management fees for batteries yet to be invoiced.
- The liquid assets of Autobatterij Recycling Foundation are held with creditworthy banking institutions.
- The EV Battery Management Fund processes the annual foundation result of Autobatterij Recycling Foundation for EV vehicles with regard to the Battery Management Decree (Bbb). The result is visible in the profit and loss account and is added to or withdrawn from the fund. The fund is for expected and unexpected future expenses.
- In the fund management batteries LMT, the annual foundation result of Auto Battery Recycling Foundation for LMT vehicles is processed with regard to the Battery Management Decree (Bbb). The result is visible in the profit and loss account and is added to or withdrawn from the fund. The fund is for expected and unexpected future expenses.
- The current liabilities mainly consist of the contractually agreed contribution to the operating costs Q4 2024 of ARN and management fees for Q4 2024 for the investment portfolios yet to be paid.
- The management contribution for batteries of electric cars ranges from € 3 to € 65 including VAT for Li-ion batteries and depends on the weight of a battery. The management contribution for lead (starter) batteries is € 0.05 excluding VAT. In 2024, management contributions were charged for 249,315 (2023: 223,224) batteries for electric cars and for 1,227,877 (2023: 1,560,104) lead (starter) batteries.
- The management contribution for batteries of LMT vehicles (electric scooters) is € 13.50 including VAT. In 2024, management contributions were charged for 3,810 (2023: 3,340) batteries of LMT vehicles.
- Investment income: Auto Battery Recycling Foundation has given its asset managers a neutral mandate, characterized by mainly investing in bonds and shares of sustainable funds. The income reported here concerns the price results, dividend income, and bond interest.
- The interest income (and similar revenues) concerns the interest received on savings accounts.
- The general costs consist of the contractually agreed contribution to the operating costs of ARN for the implementation of the management plan for EV and LMT batteries and the costs of Stichting Autobatterij Recycling. In 2024, 907 EV batteries (2023: 728) and 7,703 EV modules (2023: 5,481) were collected and processed. In 2024, 110 LMT batteries (2023: 0) were collected.
- The interest expenses and similar costs mainly concern negative price results and management fees for the investments.
- Taxes on the result: Stichting Autobatterij Recycling is not subject to corporate income tax.