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%

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Annual Reports FGH Bank | 1979 | | pagina 50