Friesch-Groningsche Hypotheekbank
and affiliated banks
Assets
Explanatary notes
Consolidated balance sheet
Premises and furniture
and fittings
Premises:
Costs of purchase and
construction 4.389.000
Depreciation applied 3.446.000
1981
1980
4.003.000
3.436.000
Furniture and fittings:
943.000
567.000
Acquisition costs
Depreciation applied
6.946.000
3.821.000
7.073.000
3.494.000
3.125.000
3.579.000
The acquisition value of premises
and furniture and fittings is
written down in proportion to
their useful life.
The appraisal value at 31st
December 1981 amounts to
11.275.000.
f 4.068.000
4.146.000
Participations
Participations
Receivables from participations
152.892.000
148.086.000
(nominal value)
424.182.000
303.332.000
f 577.074.000
L_
451.418.000
Participations are valued at
intrinsic value according to the
combined annual accounts of the
real estate companies and other
diversifications.
Mortgage loans
The balances of outstanding loans
which are covered by mortgage
are put at their nominal value less
a number of items which are set
against the provision for general
contingencies. The amount of
mortgage loans includes an
amount of 709.000.000
650.000.000 in the previous
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