Provisions
These comprise:
Provision for deferred tax liabilities
Provision for pension liabilities
Provision for other personnel schemes
Other provisions
The Provision for pension liabilities largely relates to
pensions and annuities which have not been funded
elsewhere. The increase in this provision is substantially
due to the consolidation of El Aguila.
Apart from the increase through the consolidation of El
Aguila, the provision for other personnel schemes has risen
through the introduction of new schemes and improvement
of existing schemes, as well as through necessary supple
ments as a result of reduction of government payments to
the employees concerned.
The provisions are almost entirely to be considered as
becoming due and payable after more than one year.
Long-term debts
The debts becoming due and payable after more than one
year relate to:
Euro-guilder Notes, interest 10%. redeemable on July 15
1987
Loan in guilders, interest 10.25%, annual repayments of
approx. N.fl. 5.3 million already commenced, with the
obligation not to encumber the complex at Zoeterwoude in
the Netherlands
Debentures and private loans, average interest 11.6%,
securities given in the form of mortgages up to an amount of
N.fl. 148 million
Other debts, interest-free
1985
1984
463,872
41,516
152,959
7.378
665,725
480,687
11,480
111,782
4.034
607,983
Total
More than
5 years
Total
More than
5 years
100,000
100,000
42,668
21.335
48.001
26,668
361,680
23,912
528,260
104,525
23,912
305,128
24,224
149.772
477.353
85,205
24,224
136,097
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