Assets
Participations
Mortgage loans
(continued)
1977
191
Gemeenschappelijk Eigendom
bv
Other participations
Receivables from participations
(nominal value)
f 120.413.000
6.585.000
f 103.077.011
7.402.001!
37.378.000
f 164.376.000
42.536.001
f 153.015.001
Participations are valued at
intrinsic value according to
the combined annual accounts
of the real estate companies
and other diversifications.
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 558.000.000
595.000.000 in the previous
year) on account of mortgages
granted to real estate com
panies in which we participate
either directly or indirectly.
The development of the
mortgage portfolio was:
Mortgage portfolio
January 1st
New mortgages
f 2.654.149.000
1.737.111.000
f 2.236.252.000
742.589.OOOj
Redemptions
4.391.260.000
458.210.000
f 2.978.841.000
324.692.000
f 3.933.050.000
2.654.149.000
