The company income tax figuring in the profit and loss account
has been calculated on the balance of this account with due
observance of exempted components of profit.
The security positions have been calculated at the market prices as
at balance sheet date or at the purchase price, whichever was
lower.
Receivables have been valued at their nominal values reduced by
the provisions deemed necessary.
The dividend from non-consolidated participations is accounted
for in the year of distribution.
To supplement the breakdown
in the profit and loss account,
this is the sub-division of the
items 'interest balance' and
'general expenses':
1975
1974
Interest charges
Interest gains, including
22,087,000
f
18,886,000
interest during construction
14,281,000
8,501,000
f
7,806,000
f
10,385,000
Salaries and social
security charges
f
3,374,000
f
2,972,000
others costs
2,045,000
1,990,000
f
5,419,000
f
4,962,000
The item depreciation on costs of projects' (1974 profit and loss
account) relates to costs of preparation on behalf of projects not
realised.
'Income from participations' includes the book profit of
f 1,074,000, realised in the sale of our interest in
'Ontwikkelingsgroep Winkelcentra Nederland b:v.' and of 50%
of our interest in 'Makelaarskantoor Gemako b.v.'.
During the entire financial year, the number of supervisory
directors was 7; five supervisory directors received no
remuneration.
combined profit and loss account
