Cash and securities
Cash, balances at banks and giro institutions
Cash placed at short notice
Issued and fully paid on January 1, 1980
Capital increase of 25% pursuant to resolution of the
General Meeting of Shareholders on April 18, 1980
Issued and fully paid on December 31, 1980
There are 14,449,938 shares of N.fl. 25.par value
The authorized capital is N.fl. 500 million.
At the beginning of the financial year the balance was
bonus distribution as explained under Share
cash dividend equal to the Netherlands income
tax payable in respect thereof
goodwill paid less goodwill received
Addition in accordance with the appropriation of profit
proposed on page 17
Balance on December 31, 1980
The increase is mainly a consequence of
revaluation of various assets after
offsetting deferred tax liabilities.
The Special reserve also includes the previous
Revaluation reserve and the remainder, amounting to
17 of the Share premium account, which is exempt
from tax in the event of distribution.