Combined profit and loss account for
1979
1979
1978
Rental income
34.614.000
28.844.000
Operating costs
7.288.000
6.177.000
Depreciation
6.325.000
13.613.000
4.621.000
10.798.000
21.001.000
18.046.000
Result of sale of real estate
23.450.000
16.451.000
Addition to replacement reserve
402.000
23.048.000
2.604.000
13.847.000
Other income from real estate
business
1.162.000
1.566.000
Income from other
diversifications
10.650.000
5.189.000
Income from participations
3.504.000
2.862.000
59.365.000
41.510.000
Balance of interest
17.266.000
13.020.000
General expenses
20.106.000
9.482.000
Depreciation project costs
800.000
Addition to provision for
unoccupied premises
2.500.000
40.672.000
4.000.000
26.502.000
Operating results
18.693.000
15.008.000
Sundry gains and charges
329.000
18.364.000
15.008.000
Share of minority interests:
Profit available
99.000
Company income tax
36.000
135.000
Gross profit to the benefit of
Friesch-Groningsche
Hypotheekbank nv
18.364.000
14.873.000
Company income tax
6.430.000
3.306.000
Profit available
11.934.000
11.567.000
Appropriation of profit (in
conformity with Article 15 of
the Articles of Association):
Added to open reserves
10.254.000
10.055.000
Dividend
1.680.000
1.512.000
11.934.000
11.567.000
40