EXPLANATORY NOTES TO THE CONSOLIDATED STATEMENT OF FINANCIAL
CONDITION AS AT SEPTEMBER 30, 1972
29
Both in the consolidated Statement of Financial Condition and in the consolidated Statement of Income the amounts
in foreign currency have been converted at rates of exchange prevailing at the end of the year under review.
PLANTS AND
INSTALLATIONS
These assets are stated at replacement value less depreciation.
The depreciation is applied on a straight-line basis in accordance with the estimated
useful life per item.
The assets comprise:
Replacement value
Plants and sites N.fl. 418,265,000
Machinery and installations 428,167,000
Other equipment 43,225,000
Total
Depreciation
N.fl. 173,094,000
214,241,000
24,1 3 1,000
Book value
N.fl. 245,171,000
213,926,000
19,094,000
N.fl. 889,657,000 N.fl. 411,466,000 N.fl. 478,191,0
A statement of the movements in these as
sets is given below
Book value on October 1, 1971
Revaluation
Added through extension of the consoli
dated accounts
Investments less disinvestments of equip
ment no longer in use
Depreciation 1971/1972
Book value on September 30, 1972
N.fl. 294,523,000
662,000
295,185,000
153,963,000
75,79C°°°
5 24,939,ooo
46,748,000
N.fl. 478,191,000
The book value on September 30, 1972,
includes N.fl. 75,271,000 for projects in
course of execution.
OTHER REAL ESTATE
This item relates to buildings which are
leased to third parties. These buildings are
mainly used as hotels, cafés and restaurants.
These assets are stated at replacement value,
i.e. N.fl. 136,815,000 less depreciation.
The movements in the course of the finan
cial year were as follows
Book value on October 1, 1971
Revaluation
Carry forward
N.fl.
39,692,000
96,000
N.fl. 39,788,000
