NOTES
Amounts are mainly withdrawn from this provision
with respect to downward revaluations of receivables.
These revaluations are deducted from the relevant
balance sheet items.
The Addition to the Provision for General
Contingencies charged to the profit and loss account is
based on the scale and composition of the risk-bearing
assets. This addition is annually assessed in terms of
the withdrawals from the Provision and the likely
development of risks.
Provision for deferred tax liabilities:
The deferred liabilities arise as a result of discrepancies
in the fiscal valuation of assets and liabilities and are
calculated on the basis of cash value at the balance
sheet date.
Corporation income tax due is also included under
'Payables'.
Result Determination
The way in which a number of result items have been
reflected in the annual accounts has been discussed in
the preceding sections.
Assets and liabilities are generally carried in the year to
which they relate.
Interest, including the results of interest agreements
and credit commission, are carried in the financial year
to which they relate, unless they are deemed
uncollectable.
Non-recurrent receipts and expenditure, attached to
lending and borrowing, are generally recognized in the
profit and loss account of the year in which the funds
are lent out or borrowed. The remaining commission
are generally recognized in the year of receipt. The costs
are assigned to the financial year to which they relate.
In calculating the taxation burden the amount of the
Addition to the Provision for General Contingencies is
treated as a charge.
A list of the names and registered offices of
participating interests has been filed with the
Amsterdam Chamber of Commerce.
The company profit and loss account of
FGH BANK N.V. has been drawn up under Article 402,
Book 2, Title 9, of the Dutch Civil Code.
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