f 106,049,000
f 66,926,000
f 61,461,000
4,815,000
f 41,528,000
3,703,000
f 66,276,000
f 37,825,000
f 57,916,000
f 58,409,000
f 3,360,000
35,910,000
f 315,000
14,665,000
2,433,000
550,000
Assets (follow up)
1974
1973
Real estate in development
The real estate in course of development
is valued at the costs, including interest,
incurred for the relevant projects up to
the moment of letting or sale. The
interest is computed on the amount
invested at the average interest rate for
mortgage loans.
The valuation per project does not exceed
the market value of the property.
The current obligations in connection
with development projects as at balance
sheet date are f 25,200,000
Trade investments
Investments
Receivables/debts
These trade investments relate to
companies in whose capital we have a
50% interest or less.
The trade investments are entered at
cost. According to the balance sheets of
these investments, their intrinsic value is
about 10% higher.
The changes concern extension of
existing investments and acquisition of a
few new investments.
Receivables and transitional
items
They include:
Receivables secured by mortgage
Loans and credits given
Instalment debtors
Transitional items
2.430.000
6.096.000
32
