HANSAPANK

CORRECTIVE ANNOUNCEMENT

15.10.99

 

 

MISTAKE IN SEPTEMBER BALANCE SHEET

 

Hansabank's balance sheet for the end of September includes the 

following mistake:

 

 

(EEK in million, bank only) 	Original data	Correct data

Premises and equipment, net	   517.9	   		535.0

Goodwill 		           598.4	   		581.3

 

 

The revised balance sheet is enclosed:

 

________________________________________________________________________________

Balance Sheet

(EEK in mil., unaudited, unconsolidated)                   30/09/99     31/08/99

 

Assets

Cash                                                          556.8        612.4

Due from Central Bank                                      2,186.70     2,313.70

Due from other financial institutions                      2,229.20     2,427.90

Treasury securities                                        1,975.10     1,569.80

Trading securities                                            124.2        137.3

  Debt securities                                              78.6         89.6

  Equity                                                       45.6         47.7

Investment securities                                      2,037.80     2,007.80

  Debt securities                                          1,549.30     1,518.70

  Equity                                                      488.5        489.1

    Incl. Subsidiaries' shares                                466.8        466.8

          Affiliated companies' shares                          8.1          8.1

          Other                                                13.5         14.1

Securities purchased under resale agreements                   80.1        229.1

Loans                                                     12,718.40    12,030.60

   - Allowances for credit losses                              -338       -351.1

Net loans                                                 12,380.40    11,679.50

Premises and equipment, net                                  535,0         519.6

Goodwill                                                     581,3         598.4

Prepayments and accrued interest                              371.1        421.6

Other assets                                                  288.2        402.5

Total assets                                              23,345.90    22,919.70

 

Liabilities

Due to Central Bank and government                            175.6        178.1

Due to other financial institutions                        2,565.60     2,586.20

Deposits                                                  14,114.00    13,532.70

   Demand deposits                                         9,877.40     9,631.70

   Time deposits                                           4,236.60     3,901.00

Securities sold under repurchase agreements                    19.6         19.9

Debt securities issued to the public                          718.5        728.9

Accrued liabilities                                           303.9        321.3

Appropriations                                                 86.1         79.4

Other liabilities                                             468.3        601.2

Total liabilities                                         18,451.60    18,047.70

 

Subordinated debt                                             396.9        396.9

 

Shareholders' equity

Common stock                                                  787.6        787.6

Capital surplus                                            2,756.80     2,756.80

Reserves                                                      347.1        347.1

Treasury stock                                                    0            0

Retained earnings                                             605.8        583.7

Total shareholders' equity                                 4,497.30     4,475.20

Total liabilities and shareholders' equity                23,345.90    22,919.70

 

 

 

 

HANSABANK

 

 

Mart Toevere

Analyst

Tel. +372 61 31 569