1977/1978 1976/1977
Share capital
Issued and fully paid on October 1, 1977 231,199
Capital increase of 25% pursuant to resolution of the General Meeting
of Shareholders on January 10, 1978 57,800
Issued and fully paid on September 30, 1978 288,999
There are now 11,559,950 shares of N.fl. 25.- par value in circulation.
The authorized capital is N.fl. 300 million.
Share premium account
The balance of this account, which is exempt from tax in the event of
distribution, remained unchanged 17 17
General reserve
At the beginning of the financial year the balance was 459,205
Less:
the bonus distribution as explained under Share capital 57,800
the cash dividend equal to the Netherlands income tax
payable in respect thereof 14,450
the goodwill paid less goodwill received 17
72,267
386,938
Addition in accordance with the appropriation of profit proposed on page 10 78,234
Balance on September 30, 1978 465,172
Revaluation reserve
Balance on October 1, 1977 222,794
Increase by revaluation of various assets, taking into account deferred tax liabilities 13,379
Balance on September 30, 1978 236,173
Fund for equalization of investment facilities
Balance on October 1. 1977 14,540
Additions 14,951
Withdrawals 2,350
12,601
Balance on September 30, 1978 27,141
Provisions
Provisions for deferred tax liabilities 241,284 206,366
Provisions for pensions 25,826 26,484
Other provisions 178,149 127,936
445,259 360,786
Long-term debts
Debenture loan 16,856 20,231
Private loans 119,800 127,500
Pension funds 7,782 9,000
Other debts 47,460 57,738
191,898 214,469
debenture loan
7% loan, 5 annual repayments of approx. N.fl. 3.4 million from October 1, 1979 16,856 20,231
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