NOTES ON INDIVIDUAL ITEMS IN THE COMPANY AND GROUP BALANCE SHEETS
Liability commitments
In accordance with Article 403, Book 2, Title 9 of the
Dutch Civil Code, the company has acknowledged
that it is severally liable for any debts resulting from
legal transactions entered into by firms in which the
company has a 100% interest and which have been
specified as such in the consolidated financial
statements. These participating interests are listed on
page 31.
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 392.2 million as per December 31,
1994 (December 31, 1993 NLG 346.5 million).
Dividend rights of holders of
preferred stock
22 The rights to earnings enjoyed by holders of preferred
stock pursuant to the provisions of Article 33 of the
Articles of Incorporation amounted to
NLG 10.8 million as per December 31, 1994.
It is proposed to pay out a preferred dividend
equivalent to the said amount and to charge it to
'Other reserves'.
Ministry of Finance claim
Notice is given of the fact that, with reference to the
sale of companies with a fiscal replacement reserve in
the early 1980s, the Dutch Ministry of Finance
summoned FGH BANK N.V. and the other companies
involved in this sale in 1993. The Ministry holds all
companies involved severally liable for the taxes not
paid on the said replacement reserves by the
purchasers of these companies. The potential claim
amounts to some tens of millions of guilders.
We expect, however, that we will contest this
claim successfully.
