HÜVITUSFOND

FUND TRANSACTIONS REPORT

01.01.-30.06.99

 

Unaudited,

in thousand EEK 

                                                     30.06.1999    30.06.1998

 

1. Fund at beginning of period                      720,264,356   926,985,311

2. Revenues from privatization                      214,237,993    72,135,315

3. Bonds issued                                      42,166,300    42,940,100

 

4.INTEREST REVENUE                                   75,909,426    75,913,883

4.1. From deposits                                    4,105,517     4,390,506

4.2. From bonds                                      35,154,689    35,768,137

4.3. Other interests                                 36,649,220    35,755,240

5.INTEREST EXPENSES                                 -23,180,625   -32,346,369

5.1. Interest payments on bonds                     -16,492,892   -20,143,351

5.2. Loan interests                                     -60,618    -5,519,662

5.3. Other interests                                 -6,627,115    -6,683,356

6.NET INTEREST INCOME                                52,728,801    43,567,514

 

7.INCOME FROM INVESTMENTS                            83,201,628    23,183,670

7.1.From short-term investments                      62,694,282    13,422,160

7.2.From portfolio investments                        4,065,703     8,276,851

7.3.From subsidiaries and associated companies                0

                                                     16,066,464       740,769

7.4.Real estate                                         375,179       743,890

 

8.INVESTMENT-RELATED EXPENSES                       -53,028,541  -239,223,485

8.1.On short-term investments                       -48,348,423  -187,976,624

8.2.On portfolio investments                                  0    -7,129,888

8.2.On subsidiaries and associated companies                  0   -14,823,143

8.3.Payables                                         -4,207,190   -28,982,565

8.4.Real estate                                        -472,928      -311,265

 

9.NET INVESTMENT INCOME/LOSS (row 4 - row 5)         30,173,087  -216,039,815

 

10.OTHER OPERATING REVENUE                            4,458,620     1,248,371

 

11.OTHER OPERATING EXPENSES                          -3,943,259    -3,652,366

 

12.ADMINISTRATIVE EXPENSES                          -10,768,116    -9,565,703

12.1.Salary-reated expenses                          -2,818,856    -3,608,632

12.2.Social taxes and other salary-related taxes       -949,208    -1,216,008

12.3.Other administrative expenses                   -6,010,005    -3,887,724

12.4.Accumulated depreciation                          -990,047      -863,339

 

13.NET OPERATING PROFIT/LOSS                         72,649,133  -184,441,999

14.FUND AT THE END OF PERIOD                        964,985,182   771,738,527

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

+3726651800, +3726651824, +3725104614