Financing and liquidity
The following ratios can be derived from this tabu
lation:
Shareholders' equity
The Shareholders' equity increased during the fi
nancial year by N.fl. 89.7 million to N.fl. 1,017.5 mil
lion as a result of:
retention of profit in accordance
with proposal
revaluation
increase in fund for equalization of
investment facilities
cash dividend equal to Netherlands
income tax payable in respect of bonus
distribution
Capital structure
78.2
13.4
12.6
- 14.5
At the end of the financial year the capital structure
was as follows (in millions of guilders):
Year under review
amount
Previous year
amount
Shareholders'equity 1,017.5
Minority interests 39.6
41.1
1.6
927.7
37.6
40.9
1.7
Group funds
1,057.1
42.7
965.3
42.6
Long-term
liabilities
Short-term
liabilities
637.1
779.9
25.8
31.5
575.3
729.7
25.3
32.1
Total liabilities
1,417
57.3
1,305.-
57.4
Total capital
2,474.1
100.—
2,270.3
100.-
This capital was employed as follows:
Fixed assets
Current assets
1,763.1
711
71.3
28.7
1,589.1
681.2
I. I.
Is- CO
2,474.1
100.-
2,270.3
100.-
Year under review
Previous year
Group funds
Total liabilities
Group funds
Fixed assets
Current assets
Short-term liabilities
0.7
0.6
0.9
0.7
0.6
0.9
Source and application of funds
Year under review Previous year
The funds received were as follows
(in millions of guilders):
group profit 122-
depreciation 164.2
cash flow
other sources
286.2
85.1
371.3
The funds were applied
as follows:
investments
dividend and cash dividend
equal to Netherlands
income tax payable
other applications
275,
46.8
70.8
392.6
The cash and securities
decreased and increased,
respectively, by
- 21.3
111.8
155.6
267.4
72.2
339.6
210.6
32.4
84.2
327.2
12.4
In the Netherlands an amount of N.fl. 217 million
was invested during the financial year, including
N.fl. 105 million in the Zoeterwoude establishment.
The investments at 's-Hertogenbosch and
Zoetermeer were N.fl. 42 million and N.fl. 23 mil
lion, respectively. In the enterprises in France
N.fl. 27 million was invested. Other important in
vestments took place in Greece (N.fl. 7 million),
Italy (N.fl. 4 million) and Zaire (N.fl. 4 million).
During the financial year our interests in affiliated
enterprises were increased by more than N.fl. 4
million.
11
