Real estate companies and other diversifications A provision is made to cover the risk of a loss of income due to vacancy during the period between completion and the first lease. The size of this provision is calculated annually on the basis of the balance sheet- value of the projects concerned. WIR-premiums are accounted for in the WIR-Equalisation Account. Short-term investment amounts are released at the expiration of repayment periods and are added to the results. Premiums on long-term investments are added annually to the result in proportion to the period of repayment. Other receipts and costs are generally accounted for in the year in which they occur. Corporation tax included in the profit and loss account is calculated on the balance of the account, making allowance for tax-free profit components. Securities are valued at the lower of cost or market with any loss based on this valuation included in the results. Unrealized profits based on market value are not included in the results. Dividends from non-consolidated participations are accounted for in the year of distribution. 47

Rabobank Bronnenarchief

Annual Reports FGH Bank | 1981 | | pagina 49