Combined profit and loss account for
1980
f
f
f
f
f
f
1980 1979
Rental income
36.902.000
34.614.000
Operating costs
7.229.000
7.288.000
Depreciation
6.930.000
14.159.000
6.325.000
13.613.000
22.743.000
21.001.000
Result of sale of real estate
9.080.000
23.450.000
Addition to replacement
reserve
741.000
8.339.000
402.000
23.048.000
Other income from real estate
business
2.525.000
1.162.000
Income from other
diversifications
30.344.000
10.650.000
Income from participations
8.194.000
3.504.000
72.145.000
59.365.000
Balance of interest
22.238.000
17.266.000
General expenses
37.580.000
20.106.000
Depreciation project costs
6.019.000
800.000
Addition to provision for
unoccupied premises
2.000.000
67.837.000
2.500.000
40.672.000
Operating results
4.308.000
18.693.000
Sundry gains and charges
1.150.000
329.000
Gross profit to the benefit of
Friesch-Groningsche
Hypotheekbank nv
3.158.000
18.364.000
Corporation tax
6.430.000
Net profit
3.158.000
11.934.000
Appropriation of profit (in
conformity with Article 15 of
the Articles of Association)
Added to open reserves
3.158.000
10.254.000
Dividend
1.680.000
3.158.000
11.934.000
