Liabilities
1979
1978
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
61.090.000
51.035.000
Add: retained profits
10.254.000
10.055.000
71.344.000
61.090.000
Subtract: writing down goodwill
paid on acquisition of the
participations included in the
consolidation
5.314.000
66.030.000
61.090.000
Provisions
Provision for pension
commitments
2.162.000
650.000
Provision for latent tax liabilities
26.353.000
21.354.000
Provision for maintenance
1.294.000
1.362.000
Provision for unoccupied
premises
4.178.000
5.665.000
Guarantee provision for building
firm
4.642.000
38.629.000
29.031.000
The provision for pension
commitments relates mainly to
past service premiums
calculated at 7%.
In addition, the past service
premiums for the pensions
covered by the building industry
pension fund amount to
approximately 900.000.
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