Contents
Annual Report Key Figures 5
Report and Recommendations of the Board of Directors 6
Report of the Executive Board 7
Financial Statements Company Balance Sheet 17
of Friesch-Groningsche Hypotheekbank N. V.
as per December 31, 1987
Company Income Statement 18
of Friesch-Groningsche Hypotheekbank N.V. for 1987
Group Balance Sheet 19
of Friesch-Groningsche Hypotheekbank N.V.
as per December 31, 1987
Group Income Statement 20
of Friesch-Groningsche Hypotheekbank N.V. for 1987
Explanatory Notes to the Balance Sheet as 21
per December 31, 1987,
and to the Income Statement for 1987
Other Information Auditors’Report 30
Appropration of Result 31
The FGH Group 34
Boards and Department Heads 35
Addresses 36
This is a translation of the original Dutch report.