Institute "Dr. Simo Milosevic" concluded last year with the loss of 3.7 million DEM, although it realized the income of about 10 million DEM. This is the conclusion of today#s meeting of the Board of directors of this institution. Last year#s financial report has been passed at the meeting and it states that business income of this company were 9.5 million DEM. Of the total of 13.6 million DEM, the Institute spent 42 percents for gross wages and other allowances of the workers, 19 percents for amortisation, and it owes to "Jugobanka" about 280,000 DEM for interest rates. The Board of directors of the Institute proposed financing of companies from current financial means and short-term credits of the Hypothecate bank, as well as from sale of a part of the land of the Institute at the locality of Stitari. As it has been announced, the conclusions of today#s meeting of the Board of directors would be discussed by the Assembly of shareholders till April 20.