Notes to the company balance sheet General The principles of valuation of assets and liabilities and of determination of result are the same as those referred to in the notes to the consolidated financial statements. Financial fixed assets The movements in the net asset value of the investments are as follows: January 1, 1998/ June 30, 1998 Pro forma 1997/1998 Amounts x NLG 1,000 Pro forma 1996/1997 Investments in group companies Opening balance Capital contribution Result (2 522) 868 (171) (1 483) 40 (211) Closing balance (1 654) (1 654) (171) Shareholders' equity January 1, 1998/ Pro forma Pro forma June 30, 1998 1997/1998 1996/1997 Amounts x NLG 1,000 Paid-up and called-up capital Opening balance Cash contribution upon incorporation of NV 100 100 Conversion into capital by contribution of business of Vereniging Amsterdamsche Footballclub 'Ajax', Amsterdam 13 283 13 283 Share issue 4 950 4 950 Closing balance 18 333 18 333 The authorised capital is divided as follows (amounts x NLG 1 - 45,000,000 ordinary shares at NLG 1 nominal each 45 000 000 - 14,999,999 preference shares at NLG 1 nominal each 14 999 999 - 1 golden share at NLG 1 nominal 1 60 000 000 The issued and paid-up share capital can be broken down as follows (amounts x NLG 1): - 18,333,332 ordinary shares at NLG 1 nominal 18 333 332 - 1 golden share at NLG 1 nominal 1 18 333 333 In 1998, the management board and staff were granted 204,800 option rights on AFC Ajax NV shares at NLG 1 nominal each. These option rights were granted unconditionally over a five-year term. The price at which the options can be exercised is NLG 25. No option rights were exercised in the reporting period. 29

AJAX ARCHIEF

Jaarverslagen Ajax NV (vanaf 1997) | 1997 | | pagina 104