AS HANSAPANK

INCOME STATEMENT

01.01-31.12.98

 

 

Income statement				

					Group			   Bank	

(EEK in millions, unaudited)		   1998		 1997	   1998		 1997

				

				

Interest income				1,885.1		 03.6	1,108.2		591.7

Interest expense			  873.7		312.2	  542.5		225.2

Net interest income			1,011.4		591.4	  565.7		366.5

Provision for losses on loans and 

guarantees				  594.3		 67.1	  324.0	 	  5.2

Recovered loans				   49.0	  	  3.9	   16.6	  	  3.1

Net interest income after provisions	  466.1		528.2	  258.3		324.4

				

Non-interest income				

Trading income				  140.1		294.2	   69.4		241.4

 Incl. provisions on financial 

  instruments				  (32.3)	  0.0	  (30.7)	  0.0

Dividends				    7.0		  0.7	  101.8		 51.1

Fees and commissions			  511.4		364.4	  381.4		268.1

Net income from insurance activities	   59.4		  5.5	     -		  -

Other income				   69.1		 36.6	   14.9		  3.9

Total non-interest income		  787.0		701.4	  567.5		564.5

Income from affiliated companies	  (10.7)	  6.8		          0.0

Total revenue				1,242.4	      1,236.4	  825.8		888.9

				

Non-interest expenses				

Service fees paid			  156.9		 95.6	  126.0		 78.8

Personnel expenses			  422.3		235.4	  245.5		151.3

Data network expenses			   42.0		 28.6	   41.2		 27.7

Administration expenses			  342.2		146.7	  194.2		 87.6

Other expenses				  195.3		 79.3	  129.6		 44.6

Total non-interest expenses		1,158.7		585.6	  736.5		390.0

Net operating revenue			   83.7		650.8	   89.3		498.9

Depreciation				  143.0		 81.2	   73.0		 47.7

				

Net income before income tax		  (59.3)	569.6	   16.3		451.2

Appropriations				  (16.0)	 38.4	  (14.8)	 15.6

Income tax				    9.5		 85.1	    0.0		 69.8

Profit/loss attributable to 

minority holders			    7.7		  7.7			

Net income				  (60.5)	446.1	   31.1		365.8