EXPLANATORY NOTES TO THE BALANCE SHEET
AND THE PROFIT AND LOSS ACCOUNT FOR THE
FINANCIAL YEAR 1 976/1 977
BALANCE SHEET
subsidiary companies This item relates to the shares in and claims on subsidiary companies.
The valuation of the shares is based on the amounts at which the assets and
liabilities are stated in the Consolidated Balance Sheet; the claims amounting
to N.fl. 267,904,000 are valued at par.
cash This item comprises bank, cash and clearing balances, as well as N.fl. 40,000,000
in short-term cash deposits.
long-term debts This item comprises
7% debenture loan of N.fl. 20,231,000, 6 annual repayments of approx.
N.fl. 3,400,000 from October 1, 1978;
101 4% private loan of N.fl. 80,000,000, redeemable in 15 annual instalments
commencing June 1, 1980.
current liabilities This item includes, inter alia, taxes payable amounting to N.fl. 62,530,000, and
the repayment instalment due in the next financial year of the debenture loan
mentioned above.
PROFIT AND LOSS ACCOUNT
emoluments for members Eight members of the Supervisory Council were in office throughout the
of the supervisory council financial year. Emoluments were paid to all these members. In this respect an
amount of N.fl. 240,000 has already been deducted from the profit, i.e.
N.fl. 160,000 in share of profit and N.fl. 80,000 in fixed remuneration.
48
