Notes to the Balance Sheet and the Profit and Loss Account for the financial year 1986
48
The amounts stated in the notes are in thousands of guilders,
unless indicated otherwise.
The aggregate amounts referred to in Article 383, paragraph
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 5,158 (1985:
5,125) and 327 (1985: 301) respectively.
Accounting policies for the valuation and the determination of
income
Shares in Group companies are valued at net asset value
according to the accounting policies followed as stated on
pages 33 and 34.
Accounts receivable from Group companies are stated at
par value.
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 paid 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 reserve.
The difference between the 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 changes in the paid-up
share capital, the earnings of and the dividends from this
Group company.
The Profit and Loss Account has been drawn up in
accordance with the accounting policies as stated on page 35.
Balance sheet
Financial fixed assets Group companies
General
Total
Shares Amounts receivable
Position on January 1, 1986
Revaluation
Profit of Group companies
Dividend payments by Group companies
T ransfers
Other movements
2,257,139 1,430,885
107,132 - 107,132
288,505 288,505
224,451 - 224,451
- - 46,146
71,671
826,254
46,146
71,671
Position on December 311986
2,285,732 1,341,661
944,071
The cumulative amount of the revaluations included in the
book value as at December 31, 1986, is:
596,160
596,160
