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.
Securities
Relates to short position
Van Haften Co nv
Minority interests
Relates to third parties' share
in the net worth, including the
replacement reserve
Mortgages raised and loans
Mortgages raised Friesch-
Groningsche Hypotheekbank nv
Other mortgages raised
Private loans
As at December 31st the
average interest amounted to
In 1980 an amount of
13.500.000 is to be repaid on
the above-mentioned debts.
2.009.000 1.740,000
25.000 307.000
233.431.000 218.558.000
20.400.000 8.257.000
100.630.000 86.308.000
354.461.000 313.123.000
9,2% 9,0%