assets (continued)
participations
1976
1975
Gemeenschappelijk Eigendom bM.f 103.077,000
Other participations 7,402,000
Receivables for participations
(nominal value) 42,536,000
f 153,015,000
Participations are valued at
intrinsic value according to
the combined annual accounts of
the real estate companies and
other diversifications.
mortgage loans
The balances of outstanding
loans, all of them covered by
mortgage, figure at their nominal
values. The amount of mortgage
loans includes an amount of
f 595,000,000 382,000,000
last year) on account of mortgages
granted to real estate companies
in which we participate either
directly or indirectly.
The development of the mortgage
portfolio was:
Mortgage portfolio
January 1st
New mortgages
Redemptions
f 2,236,252,000
742.589.000
f 2,978,841,000
324.692.000
f 2,654,149,000
f 95,564,000
6,805,000
25,162,000
f 127,531,000
f 1,889,875,000
648.217.000
f 2,538,092,000
301.840.000
f 2,236,252,000
