interests in These comprise interests in foreign brewer-
associated companies ies, in distilling companies, in sundry hotels,
cafés and restaurants in the Netherlands, as
well as in other enterprises whose activities
are directly or indirectly related to brewing.
Investments in the nature of claims bearing
a more permanent character are likewise
included under this heading.
Participations have been valued at not more
than their intrinsic value. In valuing foreign
participations, political and economic risks,
as far as they can now be judged, have been
taken into account.
Details of the relevant changes are as
follows
Book value on October i, 1968
Included in consolidation
New investments less disposal of certain
interests
Depreciation on these investments charged
to Profit and Loss Account
Book value on September 30, 1969
The revenues from Interests in associated
companies amounted in the past financial
year to N.fl. 7,808,000.
miscellaneous and These include:
non-current assets Loans to customers
Other long-term receivables as well as fix
tures, fittings, etc. leased to third parties
The loans to customers are stated at their
nominal value, less depreciation, and the
fixtures, fittings, etc. at cost less depreciation.
N.fl. 88,354,000
3,952,000
84,402,000
10,200,000
94,602,000
1,000,000
N.fl. 93,602,000
N.fl. 52,306,000
11,969,000
N.fl. 64,275,000
20
