Hüvitusfond                   INCOME STATEMENT                  03/05/2002



UNAUDITED INCOME STATEMENT 2001



Unaudited

Th. EEK/EURO

                              2001    2001    2000    2000

	                       EEK    EURO     EEK    EURO



1. Interest income	   101,352   6,478 124,102   7,932

2. Interest expense	   -22,426  -1,433 -37,137  -2,373

3. Interest income, net     78,926   5,044  86,965   5,558

4. Net result 	             8,226     526  19,586   1,252

from trading securities 

5. Net result from 	     7,866     503     127	 8

investment securities

6. Dividends	             1,712     109   1,995     128

7. Other income	             5,265     336   2,140     137

8. Operating expenses	   -18,835  -1,204 -20,142  -1,287

9. Other expenses	      -146	-9  -1,603    -102

10. Provisions	              -434     -28   1,280	82

11. Operating profit 	    82,578   5,278  90,348   5,774

12. Profit/loss from 	   -19,361  -1,237 -28,655  -1,831

subsidiaries

13. Profit/loss from 	         0	 0   4,782     306

associates 

14. Profit before 	    63,217   4,040  66,475   4,249

obligation issues 

15. Cost of issued 	         0	 0 -48,531  -3,102

obligations

16. Net profit  	    63,217   4,040  17,944   1,147





Jaanus Kosemaa

head of public relations

6651800, 05104614