Notes to the Balance Sheet and the Profit and Loss Account
for the financial year 1985
The amounts stated in the notes are in thousands of
guilders, unless indicated otherwise.
Shares in Group companies are valued at net asset value
according to the accounting policies followed for the
valuation of assets as stated on page 37.
Accounts receivable from Group companies are stated at
Also stated at par value are:
Accounts receivable, Cash at bank and in hand. Long-term
debts and Current liabilities.
Negative differences between the price and the value
according to the stated policies upon the acquisition of
Group companies are debited to the General reserve
Positive differences are credited to the Revaluation re
The difference in value of a Group company at the
beginning of the financial year and at the end of the
financial year is offset against the Revaluation reserve, in so
far as this does not relate to the earnings of the dividends
from this Group company.
The Profit and Loss Account has been drawn up in
accordance with the accounting policies followed for the
determination of income as stated on pages 37 and 38.
The aggregate amounts referred to in Article 383, para
graph 1, Title 8, Book 2 of the Netherlands Civil Code, in
respect of the remuneration, etc. of members and former
members of the Executive Board and that of members and
former members of the Supervisory Council were 5,125
(1984: 5,120) and 301 (1984: 270) respectively.
Financial fixed assets
Position on January 1, 1985
Profit of Group companies
Dividend payments by Group companies
Position on December 31, 1985
The cumulative amount of the revaluations as from
January 1, 1984, is: