Liabilities
Capital and reserves
Relates to the share of Friesch-
Groningsche Hypotheekbank nv
in the ordinary share capitals
of the real estate companies
and other diversifications, as
far as they do not figure in the
consolidated annual accounts
as well as the proportionate
share in the open reserves.
As at January 1st capital and
reserves amounted to 51.035.000
Add: retained profits
10.055.000
61.090.000
Provisions
Provision for pension
commitments
650.000
Provision for latent tax liabilities
21.354.000
Provision for maintenance
1.362.000
Provision for unoccupied
premises
5.665.000
29.031.000
The provision for latent tax
liabilities concerns differences
between fiscal and commercial
net worth, taking into account,
if required, losses that can be
set off in so far as their
realisation can reasonably be
expected, as well as fiscal
replacement reserves.
This provision is calculated at
the present value.
36.570.000
14.465.000
51.035.000
647.000
18.805.000
1.434.000
5.802.000
26.688.000
