OPTIVA PANK

INCOME STATEMENT



CONSOLIDATED AUDITED INCOME STATEMENT 1999



Th. EEK

                                                    BANK         GROUP

                                                    1999   1998   1999   1998



Interest revenue                                  250010 208042 229234 210234

Interest revenue from banking activities          250010 208042 195036 177280

Interest revenue from leasing activities               0      0  33491  30539

Other interest revenue                                 0      0    707   2414

Interest expense                                 -147234 -84952-135804 -87332

Interest expense from banking activities         -147234 -84952-131163 -84090

Other interest expense                                 0      0  -4641  -3242

Net interest income (loss) (+/-)                  102777 123091  93430 122902

Income from securities                             14004 -36260  14592 -36260

Equity method gains (losses) (+/-)                 -1867   5097   1692   -197

Fees and commissions income                        45237  39881  43500  41882

Fees and commissions revenue                       61314  51733  58610  53848

Fees and commissions expense                      -16077 -11852 -15110 -11966

Net profit (loss) on financial operations (+/-)    57725 -24326  82666 -17739

General administrative expenses                  -128836-128770-104856-111843

Salaries expense                                  -45023 -41143 -51345 -45871

Social security expense                           -15218 -13638 -17231 -15164

Other administrative expenses                     -68595 -73989 -36280 -50808

Adjustm. in tangible and intangible assets(+/-)   -37251 -14487 -53619 -29261

Adjustm. in loans and off-balance sheet items(+/- -60383-206417 -82596-170905

Adjustments in long-term investments (+/-)         -9750 -50158  -9751 -88775

Other operating income                             -2297  -8340  -5475   2321

Other operating revenue                             4536    875  24383  44716

Other operating expenses                           -6833  -9215 -29858 -42395

Erakorralised tulud/kulud (+/-)                               0             0

Profit (loss) before taxes (+/-)                  -20640-300690 -20417-287876

Income tax expense                                     0  35716  -1335  34941

Current period tax                                     0      0      0  -4381

Change in deferred income tax liability (+/-)          0  35716  -1335  39322

Net income(loss) before min.share of profits(loss -20640-264974 -21752-252935

Minority share of profits                              0      0   1112   -232

PROFIT (LOSS) FOR THE FINANCIAL YEAR (+/-)        -20640-264974 -20640-253167





Basic earnings per share (EEK)                        -1    -30     -1    -28

Diluted earnings per share (EEK)                      -1    -30     -1    -28





Lea Endrikson

PR specialist

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