Management Report

9. Events after the reporting date

In 2003 WDP granted the ASBL Ligue d’Entraide Islamique a purchase option worth EUR 100.000 for a warehouse with adjacent land in Sint-Jans-Molenbeek, Delaunoystraat 35-36. The selling price was fixed at EUR 750.000. The amount paid of EUR 100.000 was considered a down payment on the sales price when the option was exercised which leaves an outstanding amount of EUR 650.000. The buyer has been able to use the property since 1 September 2007 without paying a rent for this. This fits in with the overall commercial agreements. All other costs related to the property (property tax, etc.) are charged in full to the ASBL Ligue d’Entraide Islamique. The finalised deed of sale was executed in January 2010.