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 are valued in such a way that losses on market
value recorded on the balance sheet date are reflected in the result
but unrealised profits on market value are not reflected in the result.
Receivables, including the receivables from participations, have been
valued at nominal value reduced by provisions deemed necessary.
The dividends from non-consolidated participations are accounted
for in the year of distribution.
combined profit and loss account
To supplement the breakdown in
the profit and loss account we give
below the subdivision of the
items 'interest balance' and
'general expenses':
1976 1975
Interest charges
Interest gains, including interest
during construction
f
23.294.000
14.125.000
f
22.087.000
14.281.000
Salaries and social security
f
9,169,000
f
7,806,000
charges
Other costs
Emoluments to supervisory
f
3.548.000
2.689.000
f
3.374.000
2.013.000
directors
32,000
32,000
f
6,269,000
f
5,419,000
During the entire financial year the number of supervisory directors
was 7; five supervisory directors received no remuneration.
