Customers who have declared within the product groups 3 (IT equipment), 4 (Audio and Visual equipment), 5 (Lighting equipment), 8 (Medical equipment) will receive a credit invoice at the end of March. The invoice is marked Repayment 2019. The credit is available on the payment of the next invoice. Would you rather have the amount refunded, please contact email@example.com with your bank giro number and possibly also a reference.
For categories 1 and 2 (Appliances and Household products) we have, because of the uncertain situation that arose in connection with the spread of the Corona virus, chosen not to repay the surplus pending the stabilization of the raw material markets. Other categories, including Batteries, have not generated sufficient surplus for repayment to apply.
The repayment is a result of El-Kretsen's work to develop cost-effective solutions for our customers. We are a small organization that handles large volumes and that, in collaboration with our suppliers, transporters and recyclers, managed to keep handling costs low, while generating a profit from the sale of the collected material.
It is impossible to predict how world market prices for raw materials will vary over a year. To balance its fluctuations, we charge environmental fees for the products. At the end of the year, we can compare revenue (environmental fees plus sold material) against expenses (collection, recycling). As a profit-neutral company, no dividend is paid to owners, but instead the surplus is paid back to our customers. The amount repaid is proportional to what each company has paid, in the form of fees, during the year.
As a collection system that is subject to a permit, El-Kretsen is obliged to continuously maintain a guarantee of satisfactory solvency. This is to fulfill our obligations to customers and authorities even in the event of unexpected changes in the raw materials market or other external circumstances. Each product group carries its share of this guarantee in our balance sheet, proportionate to the costs they are expected to generate. If a product group makes deficits, it must first rebuild its guarantee level before any repayments.