Profit and loss account for 1978
1978 1977
Interest mortgage loans
Interest securities, cash
419.509.000
304.990.000
loans, etc.
Commission and compensation
4.904.000
4.921.000
for accelerated redemption
37.576.000
32.321.000
461.989.000
342.232.000
Interest moneys raised
Interest current accounts of
353.120.000
253.890.000
affiliated banks
3.627.000
3.895.000
Costs involved in moneys raised
7.260.000
364.007.000
6.905.000
264.690.000
97.982.000
77.542.000
General expenses
20.592.000
18.190.000
Depreciation
809.000
21.401.000
439.000
18.629.000
Operating results
76.581.000
58.913.000
Sundry gains and charges
1.345.000
Gross result
76.581.000
60.258.000
Gross result of participations
15.251.000
21.337.000
Profit balance before company
income tax
91.832.000
81.595.000
Company income tax
Added to reserve for general
37.715.000
33.894.000
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
