Combined statement of earnings
of the real estate companies*
(xOOO)
1989
1989
October 10,
1988, through
January 1,
1989
Dfl
Dfl
Rental income
33,544
64,253
14,133
Less: Depreciation
Other expenses
10,530
252
20,171
482
3,919
1,072
Operating results
22,762
43,600
9,142
Interest received
Interest paid
3,865
(14,889)
7,403
(28,520)
435
(5,931)
Financial income and expenditures
(11,024)
(21,117)
(5,496)
Operating earnings before income taxes
Income taxes
11,738
(3,798)
22,483
(7,274)
3,646
(1,167)
Operating earnings after income taxes
7,940
15,209
2,479
Extraordinary item:
Gain on sale of real estate
Realized portion of revaluation reserve
587
224
1,125
429
1,604
Income taxes
811
(162)
1,554
(310)
1,604
(646)
Extraordinary item, net of income taxes
649
1,244
958
Net earnings
8,589
16,453
3,437
Appropriation of earnings:
Reserves/Retained earnings
Cumulative preferred stock, dividend
7,265
1,324
13,917
2,536
2,074
1,363
8,589
16,453
3,437
*For a list of these real real estate
companies the reader is referred
to page 34
Note: Dollarfigures herein are
translatedfrom the underlying
guilderfigures for reader
convenience at Dfl 1.9155 Si
50
