English Translation

18a 16- does not surprise, because the number of installations carried out, due to the limited construction movement, is strongly sound. Likewise, the income in the sales outlets of the electrical lighting and consumer equipment has fallen as a result of the temporary lack of material. Almost in line with the decline in revenue, the overall decline in expenditure is also evident. The results of the installation were never less favourable, because this business division is more a propaganda camp of the technically impeccable facilities than an acquisition department. c/ The spas have an active balance sheet result for the year 194l with the amount of .......... K 1,395.61 which is lower than the year 1940 by .. . . . " 537.04. The spas are a health institution which is widely used by the employees of the El.-U. and therefore the compensation for the healing grant is calculated in such a way that only the real expenses are covered. Thus the balance sheet results for the year 1941 are the following: a/ the electricity plants profit from ......... K 10,212.953.95 b/ the installation operation departure from ...... " 126.990.53 c/ the healing baths profit from ......" 1.395.61 so that the net profit of the electricity plants, the installation operations and the healing pools is understood, together K 10.087.359.03. 11513 Arch