(continued)
1978
197/
Participations
Gemeenschappelijk Eigendom bv
Other participations
131.501.000
7.516.000
120.413.00d
6.585.000
Receivables from participations
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 576.000.000
558.000.000 in the previous
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
(nominal value)
43.777.000
37.378.00C
182.794.000
164.376.00C
January 1st
New mortgages
3.933.050.000
1.771.407.000
2.654.149.00^
1.737.111.00(
Redemptions
5.704.457.000
564.940.000
4.391.260.00C
458.210.00C
5.139.517.000
3.933.050.00C
