combined profit and loss account for 1975
1975 1974
Rental income
Operating costs
f
2,590,000
f
15,994,000
f
3,282,000
f
13,868,000
Depreciation
2.134,000
4,724,000
1,808,000
5,090,000
Result of sale of property
f
11,270,000
f
8,778,000
f
40,517.000
f
23,170,000
Addition to replacement
reserve
30,019,000
10,498,000
8,619,000
14,551,000
Income from participations
4,415,000
4,815,000
Income from securities
3,224,000
1,768,000
Other income
1,329,000
4.000
Balance of interest
f
30,736,000
f
29,916,000
f
7,806,000
f
10,385,000
General expenses
5,419,000
4,962,000
Depreciation project costs
94,000
Past service pensions
Addition to provision for
245,000
219,000
unoccupied premises
Addition to provision for
4,000,000
5,500,000
maintenance
500,000
17,970,000
600,000
21,760,000
f
12,766,000
f
8,156,000
Special gains and charges
424,000
74,000
f
12,342,000
f
8,082,000
Share in minority interests:
Profit available
f
34,000
f
597,000
Company income tax
33,000
67,000
550,000
1,147,000
Gross profit to the benefit of
Friesch-Groningsche
Hypotheekbank n.v.
f
12,275,000
f
6,935,000
Company income tax
4,742,000
1,269,000
Profit available
f
7,533,000
f
5,666,000
Appropriation of profit:
(in conformity with Article 15 of the
Articles of Association):
Added to open reserves f 6,525,000 f 4 826 000
Dividend 1,008,000 84o!o00
f 7,533,000
f 5,666,000
