Costs of purchase and construction, reduced by a decrease in valuation applied in 1937 Depreciation applied 143,542,000 9,868,000 133,674,000 The total value of the real estate in operation on the basis of market value amounts to 163,712,000 106,049,000 The real estate in course of development is valued at costs, inclusive of interest, incurred for the projects concerned till the moment of lease or sale. Interest is calculated on the amount invested at the average interest rate for mortgage loans. The valuation per project will not exceed the market value of the property. The purchase sums amounting to /26,034,000.already received on projects in progress have been accounted for under Payables and transitory items'. The current liabilities of the development projects as at balance sheet date amount to ƒ36,400,000. combined balance sheet assets 1975 1974 real estate in operation 191,922,000 8,219,000 183,703,000 208,687,000 real estate in development 66,036,000

Rabobank Bronnenarchief

Annual Reports FGH Bank | 1975 | | pagina 38