Cash and securities
Cash, balances at banks and giro institutions
Cash placed at short notice
Securities
81,370
14,655
1,029
77,074
2,570
10,906
97,054
90,550
Share capital
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
in circulation.
The authorized capital is N.fl. 500 million.
General reserve
At the beginning of the financial year the balance was
Less:
bonus distribution as explained under Share
capital
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
288,999
72,249
361,248
557,746
72,249
18,063
2,172
92,484
465,262
32,564
497,826
Special reserve
The increase is mainly a consequence of
revaluation of various assets after
offsetting deferred tax liabilities.
544,822 429,305
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.
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