EESTI ÜHISPANK

INCOME STATEMENT



INCOME STATEMENTS OF EESTI ÜHISPANK 1999



CONSOLIDATED INCOME STATEMENT                           1999      1998

(EEKmio)

1.    Interest income                                1,238.4   1,377.1

1.1.  Interest income from banking activities        1,042.5   1,033.5

1.2.  Interest income from leasing activities          180.9     315.4

1.3.  Other interest income                             15.0      28.3

2.    Interest expenses                                720.0     744.9

2.1.  Interest expenses from banking activities        661.3     651.6

2.2.  Interest expenses from leasing activities         52.9      72.2

2.3.  Other interest expenses                            5.8      21.1

3.    NET INTEREST INCOME                              518.4     632.2

4.    Income and expenses from insurance activities      3.8       0

4.1.  Insurance premium                                  3.0       0

4.2.  Insurance compensations & changes in reserves      0.8       0

5.    Income from securities                           103.1       5.1

6.    Profit/loss from equity method (+/-)               0.8      -0.3

7.    Net income from fees and commissions             209.5     154.5

7.1.  Fees and commissions received                    304.3     271.2

7.2.  Fees and commissions paid                         94.8     116.7

8.    Net profit/loss fom financial activities (+/-)   137.9    -173.6

9.    ADMINISTRATIVE EXPENSES                          520.9     450.3

9.1.  Salaries                                         215.4     175.8

9.2.  Social insurance tax                              68.4      56.1

9.3.  Pensions                                           0.2       0.2

9.4.  Other administrative expenses                    236.8     218.2

10.   Value adjustments of

      tangible and intangible assets                  -260.0    -134.3

11.   Value adjustments of advances

      and off-balance sheet items (+/-)               -115.0    -474.5

12.   Value adjustments of

      long term investmenst (+/-)                      -10.5       8.4

13.   Other income and expenses                         34.8      38.7

13.1. Other income                                      77.5      58.4

13.2. Other expenses                                    42.7      19.7

14    Extraordinary income/expenses (+/-)                0         0

15    PROFIT (LOSS) BEFORE TAXATION                    101.7    -394.0

16    Income tax expenses                                1.2       0.9

16.1. Income tax of financial year                       1.2       0.9

16.2. Change of potential income tax commitment          0         0

17.   Minority interest                                  0.3     -12.7

18.   Profit/loss (+/-)                                100.2    -382.3







INCOME STATEMENT, BANK                                  1999      1998

(EEKmio)

1.    Interest income                                1,056.4   1,108.8

1.1.  Interest income from banking activities        1,056.4   1,108.8

1.2.  Interest income from leasing activities            0         0

1.3.  Other interest income                              0         0

2.    Interest expenses                                630.7     655.0

2.1.  Interest expenses from banking activities        630.7     655.0

2.2.  Interest expenses from leasing activities          0         0

2.3.  Other interest expenses                            0         0

3.    NET INTEREST INCOME                              425.7     453.8

4.    Income and expenses from insurance activities      0         0

4.1.  Insurance premium                                  0         0

4.2.  Insurance compensations & changes in reserves      0         0

5.    Income from securities                            48.2     -50.1

6.    Profit/loss from

      equity method (+/-)                               70.4    - 38.0

7.    Net income from fees and commissions             160.0     124.9

7.1.  Fees and commissions received                    237.1     229.9

7.2.  Fees and commissions paid                         77.1     105.1

8.    Net profit/loss fom financial activities (+/-)   120.7     -92.8

9.    ADMINISTRATIVE EXPENSES                          417.2     354.8

9.1.  Salaries                                         159.9     136.9

9.2.  Social insurance tax                              52.5      45.2

9.3.  Pensions                                           0         0

9.4.  Other administrative expenses                    204.8     172.8

10.   Value adjustments of

      tangible and intangible assets                  -193.6    -105.5

11.   Value adjustments of advances

      and off-balance sheet items (+/-)               -107.0    -332.5

12.   Value adjustments of

      long term investmenst (+/-)                      -16.0       0

13.   Other income and expenses                         38.1       7.1

13.1. Other income                                      51.5      21.1

13.2. Other expenses                                    13.3      14.0

14    Extraordinary income/expenses (+/-)                0         0

15    PROFIT (LOSS) BEFORE TAXATION                    129.2    -387.9

16    Income tax expenses                                0         0

16.1. Income tax of financial year                       0         0

16.2. Change of potential income tax commitment          0         0

17.   Minority interest                                  0         0

18.   Profit/loss (+/-)                                129.2    -387.9





Urmas Neetar

Head of reporting dept.

6 656 390