HÜVITUSFOND

FUND TRANSACTIONS REPORT

01.01-30.06.98

 

Audited,

in full EEK

                                             1998 I half  1997 I half

 

1. Fund in the beginning of period           926 985 311  631 355 780

2. Revenues from privatization                72 135 315  115 756 716

3. Bonds issued 		              42 940 100   46 000 000

                                                                     

4.INTEREST REVENUES                           75 913 883   57 264 115

4.1. From deposits                             4 390 506    8 667 606

4.2. From bonds                               35 768 137   37 682 434

4.3.Other interests                           35 755 240   10 914 075

5.INTEREST EXPENSES                           32 346 369   21 437 947

5.1.Interests on bonds                        20 143 351   13 789 343

5.2.Loan interests                             5 519 662    7 332 918

5.3.Other interests                            6 683 356      315 686

6.NET PROFIT FROM INTERESTS                   43 567 514   35 826 168

                                                                     

7.INCOME FROM INVESTMENTS                     23 183 670   61 183 783

7.1.From current investments                  13 422 160   50 495 132

(dividends, sales revenue)

7.2.From portfolio investments   	       8 276 851    1 063 811

(dividends, sales revenue)

7.3.From subsidiaries and associated companies   740 769    8 860 999

(profit from equity method, sales revenue)

7.4.Real estate (rent, service fees)             743 890      763 841

                                                                     

8.INVESTMENT-RELATED EXPENSES                239 223 485   15 620 132

8.1.From current investments                 187 976 624   11 240 201

(discount,loss)

8.2.From portfolio investments (discount)      7 129 888    1 775 350

8.2.From subsidiaries and assoc. companies    14 823 143      194 423

(loss from equity method)

8.3.Receivables (discount,doubtful accounts)  28 982 565    2 027 760

8.4.Real estate (expenses,depreciation,loss)     311 265      382 398

                                                                     

9.NET PROFIT/LOSS FROM INVESTMENT 	    -216 039 815   45 563 651

 (row7-row8)                                                                    

10.OTHER OPERATING REVENUES                    1 248 371    1 562 069

                                                                     

11.OTHER OPERATING EXPENSES                    3 652 366      393 892

                                                                     

12.ADMINISTRATIVE EXPENSES                     9 565 703    9 095 118

12.1.Salary-reated expenses                    3 608 632    3 360 831

12.2.Social taxes and other employee-related   1 216 008    1 136 313

     payments

12.3.Other administrative expenses             3 877 724    3 695 053

12.4.Accumulated depreciation                    863 339      902 921

                                                                     

13.PROFIT/LOSS FROM OPERATIONS 		    -184 441 999   73 462 878

14.FUND AT THE END OF THE PERIOD             771 738 527  774 575 374