Consolidated profit and loss account for 1978
f
1978
1977
Interest mortgage loans
Interest securities,
420.110.000
305.384.000
cash loans, etc.
Commission and compensation
4.906.000
4.922.000
for accelerated redemption
37.576.000
462.592.000
32.321.000
342.627.000
Interest moneys raised
353.903.000
254.750.000
Costs involved in moneys raised
7.260.000
361.163.000
6.905.000
261.655.000
101.429.000
80.972.000
General expenses
23.661.000
20.978.000
Depreciation
809.000
24.470.000
439.000
21.417.000
Operating results
76.959.000
59.555.000
Sundry gains and charges
1.345.000
Gross result
76.959.000
60.900.000
Gross result participations
14.873.000
20.695.000
Profit balance before
company income tax
91.832.000
81.595.000
Company income tax
Added to reserve for
37.715.000
33.894.000
general contingencies
10.352.000
48.067.000
9.464.000
43.358.000
Net Group profit
43.765.000
38.237.000
Retained in participations
10.055.000
14.465.000
Profit available
33.710.000
23.772.000
Appropriation of profit (in
conformity with Article 36 of
the Articles of Association):
Addition to open reserves
24.000.000
17.000.000
Distribution of profit
9.710.000
6.772.000
33.710.000
23.772.000
28
