English Translation

35 29 29 In contrast to the own resources of 37 million Kc (ground, buildings, machinery, equipment, etc.) of more than 88 million KC. This disparity is further exacerbated by the fact that further funds are committed by the securities and shareholdings. 2.) The Tobitschau-Zentralmährische Zuckerfabrik Group After the total balance sheet as at 31 December 1938 (Appendix 3), share capital amounts to 26,800,000.- Kc. Reserves 11,806,597.23 " Profits 41.617.14 " own balance sheet funds of 38,648,214,37 Kc." After accounting for the own shares held by the groups, the following picture is given according to the group balance sheet (Appendix 4): Sub-pilanz 7.535.493.33 Kc. Share capital 5.520.400.- " Thus, minus assets 2.015.093.33 kc. ____ __ _ __/__/ __ This balance sheet net worth does not need to be alarmed, since there will certainly be rich reserves in the fixed assets. However, their dissolution would only eliminate the balance sheet underbalance sheet, but would not change the numbers of circulating assets and foreign funds. According to the group balance sheet commitments, the foreign funds amount to 9,904,881.91 Kc. bank loans 92,349,691.30 " Transfer : 1,22,254,573.21 Kk. - 3o -