~afl
Notes to the Individual
Consolidated Balance Sheet Items
The statutory reserve represents
earnings of participating interests
retained since January I, 1985.
Reserves at the beginning of the year:
Movements:
- due to results
- due to net exchange differences
- due to revaluation of office premises
1985 1984 (xN LG 1,000)
277,239 274,610
10,619 5,115
5,901 (2,486)
455
294,214 277,239
Subordinated loans
These loans, which were placed in
1983 with a holder of common stock,
are subordinated to all other
current and future liabilities 135,000 135 000
The subordinated loans include an
amount of NLG 90 million in the
form of a subordinated convertible
loan bearing interest at 9'A%
with a term of 15 years, repayment
in ten equal annual installments
from 1988 and conversion rights to
the end of 1987 at a rate 600%.
Deposits and unsubordinated loans
Secured loans
Other loans and debt acknowledgments
Private loans
Private loans include NLG 179.1 million
(1984: NLG 94.4 million) in loans
taken up from credit institutions.
Other funds borrowed
This represents borrowings with
original terms shorter than
two years
Short-term loans
Money on call
Banks
Other funds borrowed with original
terms of less than two years
34
2,347,314 2,497,593
793,768 480,266
1,576,008 1,899,549
4,717,090 4,877,408
546,737
327,662
126,000
308,926
123,020
16,587
13,774
872,250
590,456
