Real estate companies
and other diversifications
Investment premiums are accounted for in the 'Equalization account WIR',
and from there, over a period of eight years, accounted for as gain in the
result.
Other gains and losses are generally accounted for in the year in which
they occur.
Corporate tax included in the profit and loss account is calculated over the
account, taking into account tax-free profit items.
Securities are valued in such a way that gains identified but unrealized as
of the balance sheet date are not incorporated in earnings, whereas
equivalent losses are recognized.
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