HÜVITUSFOND

INCOME STATEMENT



INCOME STATEMENT, Q1 2000



in thousand EEK

                                          Q1 1999      1999  Q1 2000

1. Interest income                         37,701   163,448   33,440

2. Interest expenses                      -11,374   -46,755  -10,072

3. Net interest income                     26,328   116,693   23,368

4. Income/loss from trading portfolio      21,883    28,128   10,685

5. Income/loss from investment portfolio    1,974     1,741      232

6. Dividends received                          24       757        0

7. Other income                             1,030     2,453      214

8. Operating expenses                      -4,930   -23,360   -4,259

9. Other expenses                            -388    -1,209     -153

10. Allowance for doubtful accounts             0    -3,751   -3,294

11. Operating profit/loss                  45,921   121,452   26,793

12. Profit/loss related to subsidiaries         0   -23,762        0

13. Profit/loss related to                      0    -1,548        0

associated companies

14. Profit/loss from normal activities     45,921    96,142   26,793

15. Expenses related with bonds issued          0  -113,664        0

16. Net profit/loss                        45,921   -17,522   26,793





Jaanus Kosemaa

Public relations manager

3726651800, 25104614