Consolidated profit and loss account for
1981
Friesch-Groningsche Hypotheekbank
and affiliated banks
1981 1980
Interest received 691.087.000 605.845.000
Commission and compensation
for accelerated redemption 20.217,000 21.941,000
711.304.000 627.786.000
Interest paid 603.868.000 517.702.000
Costs involved in moneys
raised 7.654.000 9,480.000
611.522,000 527.182.000
99.782.000
100.604.000
General expenses
34.171.000
31.798.000
Depreciation
1.085.000
1.071.000
35.256.000
32.869.000
Operating results
64.526.000
67.735.000
Sundry gains and charges
V.
831.000
7.
950.000
Gross result
63.695.000
66.785.000
Gross result participations
2.451.000
3.158.000
Profit balance before
corporation tax
66.146.000
69.943.000
Corporation tax
18.500.000
29.000.000
Added to provision for
general contingencies
32.500.000
14.000.000
51.000.000
43.000.000
Net group profit
15.146.000
f
26.943.000
Appropriation of profit (in
conformity with Article 36 of
the Articles of Association):
Addition to open reserves
6.493.000
f
16.347.000
Distribution of profit
8.653.000
10.596.000
f
15.146.000
f
26.943.000
