English Translation

96 - 20 - B. Liabilities M 2. Other asset reserves. Burden as at 3l December l939 a) Liftbeller ( reserve for lifts ) K 4.459.--- Credit as at 31December 1939 b) Depreciation for residential buildings ( amortization fund ) ( see text no. 8 ) 280.000.- c) Derecognition of new buildings (amortisation fund ) 19 ) 28.440.- d) Operating costs ( heating reserve ) 153.419.30 e) Operating expenses ( elevator reserve ) 26.867.05 488.726.35 IMII 55 Zu a) Lift lighter fees for I. - III.Quarter 1939 were wrongly allocated to the elevator reserve. They should be earned correctly as income. 56 Zud und e) The association has booked running operating costs via reserves. The coverage of current expenditures from the reserves is inadmissible and violates the principles of proper accounting. Bookings of these amounts must be cancelled via operating costs. III. Value adjustment. Credit to 31 December 1939 K 40,000.- FMAAAAA The association did not make any value adjustment for dubious claims. A requirement of K 40.oo0.- has been established by the examiner, which can still be recorded in the accounts.