NOTES TO THE INDIVIDUAL ITEMS
OF THE GROUP AND COMPANY BALANCE
SHEET
22
Commitments in respect of irrevocable
facilities
This refers mainly to mortgage credit facilities offered to
and accepted by clients.
Liability commitments
In accordance with Article 403, Book 2, Title 9, of the
Dutch Civil Code, the company has accepted
responsibility for the liabilities pursuant to the legal
transactions of a number of firms in which the company
has a 100% interest and which have been specified as
such in the consolidated financial statements.
AEGON N.V. rights to earnings
The rights to earnings stipulated in article 33 of the
articles of incorporation have led to the accrual of
preferential rights to future distributions of earnings
amounting to NLG 314.8 million as per December 31,
1992 (1991: NLG 264.9 million).
Dividend rights of holders of preferred
stock
The rights to earnings enjoyed by holders of preferred
stock persuant to the provisions of article 33 of the
articles of incorporation amounted to NLG 10.8 million
as per December 31, 1992. It is proposed to pay said
amount, which will be charged to the 'Other reserves'.
Notification of claim by the Ministry of
Finance
At the end of 1992, the Ministry of Finance advised that
with respect to the sale in the early 1980s of companies
with a fiscal replacement reserve, it wishes to hold
FGH BANK N.V. severally liable for the taxes not paid
on the replacement reserves by the purchasers of these
companies. The potential claim amounts to tens of
millions of guilders. We expect, however, that we will be
able to successfully contest this claim, which has not
yet been issued definitively.
