Combined profit and loss account for 1978
1978
1977
Rental income
Operating costs
6.177.000
28.844.000
3.633.000
25.693.000
Depreciation
4.621.000
10.798.000
4.465.000
8.098.000
18.046.000
17.595.000
Result of sale of real estate
16.451.000
16.285.000
Addition to replacement reserve
2.604.000
13.847.000
2.416.000
13.869.000
Income from participations
2.862.000
6.547.000
Income from security business
5.189.000
4.930.000
Other income
1.566.000
821.000
41.510.000
43.762.000
Balance of interest
13.020.000
11.087.000
General expenses
Addition to provision for
9.482.000
7.667.000
unoccupied premises
4.000.000
26.502.000
4.000.000
22.754.000
15.008.000
21.008.000
Share of minority interests:
Profit available
99.000
163.000
Company income tax
36.000
135.000
150.000
313.000
Gross profit to the benefit of
Friesch-Groningsche
Hypotheekbank nv
14.873.000
20.695.000
Company income tax
3.306.000
4.886.000
Profit available
11.567.000
15.809.000
Appropriation of profit (in
conformity with Article 15 of
the Articles of Association):
Added to open reserves
10.055.000
14.465.000
Dividend
1.512.000
1.344.000
11.567.000
15.809.000
38
