NOTES TO INDIVIDUAL ITEMS IN THE COMPANY AND GROUP BALANCE SHEETS SHAREHOLDERS' EQUITY CAPITAL The authorized share capital amounts to 68 million (2001: NLG 150 million), divided into 13.6 million ordinary 5.00 shares (2001: 15 million shares with a nominal value of NLG 10.00) of which 17.897 (2001: NLG 35.795 million) has been issued and paid-up. AUTHORIZED SHARE CAPITAL ^FTiTïyS 2001 As at 31 December 2002 and 2001, respectively 68,000 68,067 ISSUED AND PAID-UP CAPITAL As at 31 December 2002 and 2001, respectively 17,898 16,243 RESERVES Paid-in surplus 32,318 33,972 Revaluation reserve 6,309 6,309 Other reserves 288,572 311,793 327,199 352,074 Analysis of movements in reserves PAID-IN REVALUATION OTHER TOTAL SURPLUS RESERVE RESERVES Position as at 1 January 2001 Movements due to: 33,972 6,309 288,572 328,853 change in accounting policy 0 0 (6,193) (6,193) results for the year 0 0 29,414 29,414 Position as at 1 January 2002 Movements due to: 33,972 6,309 311,793 352,074 redenomination of share capital (1,654) 0 0 (1,654) dividend distribution 0 0 (29,094) (29,094) results for the year 0 0 38,577 38,577 proposed dividend payment 0 0 (32,704) (32,704) Position as at 31 December 2002 32,318 6,309 288,572 327,199 The paid-in surplus has been recognized for tax purposes. SOLVENCY The requirements of De Nederlandsche Bank for the significant capital ratios have been derived from the capital adequacy directives of the European Union and the Basle Committee on Banking Supervision. These ratios reflect the relation of the bank's total qualifying capital and tier 1 capital to its total risk-weighted assets. The respective minimum percentages required for total capital and tier 1 capital are 8% and 4% of risk-weighted assets. 2002 2001 minimum actual minimum actual requirements requirements Total capital 290,879 412,597 298,231 423,817 Total capital ratio 8.00 11.35 8.00 11.36 Tier 1 capital 145,439 338,788 149,115 362,008 Tier 1 ratio 4.00 9.32 4.00 9.71

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Jaarverslagen Friesch-Groningsche Hypotheekbank / FGH Bank | 2002 | | pagina 26