NOTES
ON INDIVIDUAL ITEMS IN THE COMPANY AND GROUP BALANCE SHEETS
Company Balance Sheet Group Balance Sheet
1995
1994
1995
1994
Commitments and guarantees*)
Guarantees given to third parties
53,625
39,079
45,963
39,079
Guarantees on behalf of
participating interests
731,678
949,761
0
16
- on behalf of Transveer B.V.
418,786
418,680
418,786
418,680
- covered by counter-guarantees
(418,776)
(418,680)
(418,776|
(418,680|
785,313
988,840
45,973
39,095
Irrevocable facilities*)
Credit facilities offered to
and accepted by clients
482,066
410,411
482,338
410,411
Partly on account of the security provided by the parent company, there are no concentrations of credit risk nor
charges on assets.
Liability commitments
In accordance with Article 403, Part 9, Book 2
of the Dutch Civil Code, the company has
undertaken joint and several liability 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 30.
AEGON N.V. rights to earnings
Under the Articles of Incorporation valid up to
December 29, 1995, AEGON N.V.'s rights to
earnings consisted of preferential rights to
future distributions of earnings. These rights
which accrued up to July 1, 1995 were paid out
to AEGON N.V. in full on that date
(NLG 415 million).
Dividend rights of holders of
preference shares
Following the withdrawal of all NLG 135 million
subscribed cumulative preference A shares at the end
of 1995 there are no longer any preference shareholders.
The rights to earnings enjoyed by holders of preference
shares pursuant to Article 33 of the Articles of
Incorporation valid up to December 29, 1995 amounted
to NLG 10.8 million as per December 31, 1995. It is
proposed to pay out a preference dividend equivalent
to that amount and 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 jointly and 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.
