Notes to the Balance Sheet and the Profit and Loss Account for the financial year 1987
General
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 5,195 (1986:
5,158) and 354 (1986: 327) 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 for the valuation of
assets and liabilities followed as stated on page 31 f.f.
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 for the determination
of income as stated on page 31 f.f.
Balance sheet
Financial fixed assets
Group companies
Amounts
Total
Shares
receivable
Position on January 1, 1987
2,285,732
1,341,661
944,071
Revaluation
19,702
19,702
-
Profit of Group companies
282,141
282,141
-
Dividend payments by Group companies
- 293,171
- 293.171
-
Other movements
123,291
123,291
Position on December 31, 1987
2,417,695
1,350,333
1,067,362
The cumulative amount of the revaluations included in the
book value as at December 31, 1987, is:
615,862
615.862
