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.
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 'Balance of interest'
and 'General expenses':
1978
1977
Interest charges
32.211.000
27.514.000
Interest gains, including
interest during construction
19.191.000
16.427.000
13.020.000
11.087.000
Salaries and social security
charges
4.417.000
4.668.000
Other costs
5.050.000
2.989.000
Emoluments to supervisory
directors
15.000
10.000
9.482.000
7.667.000
During the entire financial year the number
of supervisory directors was six;
five supervisory directors received no remuneration.
41
