9 Share capital
The issued share capital of Algemene Bank Nederland N.V. is divided into
thirty priority shares of Fl. 1,000 each (unchanged) and 8,517,366
(1984: 8,415,470) ordinary shares of Fl. 100 each. All shares are fully paid.
Issued share capital as at 1 January
842
Conversion of debenture loan
10
Issued share capital as at 31 December
852
10 Reserves
General reserve
2,784
2,655
Equity investments reserve
105
-
Profit reserves
2,889
2^655
Share premium reserve
174
134
Revaluation reserve
296
287
Exchange differences reserve
(74)
3,285 3,076
Movements in Reserves were as follows: reserve reservereserve
Balance as at 1 January
2,655
-
134
287
-
Conversion of debenture loan
40
Goodwill
(13)
Retained profits of subsidiaries and associated
companies
(105)
105
Translation differences
(74)
Revaluation of buildings
9
Appropriation from profit
247
296
Balance as at 31 December
2,784
105
174
(74)
The General reserve is made up of profits; the Reserve is stated less a deduction
for the value of shares held by the bank amounting to Fl. 0.4 million
(1984: Fl. 0.2 million).
The Equity investments reserve is formed by the retained profits of
subsidiaries and associated companies, mainly in the Netherlands, France,
Switzerland and the USA. Pursuant to statutory provisions, this reserve is not
distributable.
No account has been taken of possible taxation on future dividends.
For tax purposes, the Share premium reserve may be regarded as paid-up
capital.
An amount of Fl. 67 million (1984: Fl. 55 million) of the Revaluation reserve
can be considered as having been realised.
The movement in the Exchange differences reserve is due chiefly to fall in the
exchange rates of the US dollar and of currencies linked to the dollar.
1985
1984
General Equity Share Revaluation Exchange
reserve investments premium reserve differences
79
