1995
1994
Provisions
These comprise:
Provision for deferred tax liabilities
Provision for pension liabilities
Provision for other personnel schemes
Other provisions
624,280 581,809
166,769 164,425
468,659 475,005
143,053 141,059
1,402,761 1,362,298
The provision for pension liabilities relates to
pensions and annuities which have not been funded
by third parties. The average rate of interest used in
calculating the present value of the provision for
pension liabilities was 5% (1994: 6%), taking into
consideration the interest rates existing in the
countries concerned.
The provision for other personnel schemes relates to
various early retirement and reorganization
schemes. The other provisions mainly comprise
provisions for consolidated participations and for
sureties given.
About NLG 1.3 billion of the provisions has to be
considered as becoming due and payable after more
than one year.
More More
Long-term debts Total than 5 years Total than 5 years
The debts becoming due and payable after more
than one year relate to:
Private contract loan, interest 6.77%,
redeemable on June 2,2000 150,000 - 150,000 150,000
Other debentures and private contract loans,
average interest 6.8% (1994: 6.1%) 225,461 23,695 308,422 15,496
Other debts, interest free 48,177 24,592 44,935 18,383
423,638 48,287 503,357 183,879
In relation to the other debentures and private
contract loans securities in the form of mortgages
have been given up to an amount of
NLG 93 million (1994: NLG 164 million).
The interest on the private contract loan has been
converted via interest rate swaps into 6-month
Euro-AIBOR; in 1995 the effective interest
was 4.7%.
