HÜVITUSFOND

INCOME STATEMENT



UNAUDITED INCOME STATEMENT, H1 2000



unaudited,

in thousand EEK                                 H1 1999     1999  H1 2000



1. Interest income                               86,024  163,448   64,904

2. Interest expenses                            -23,181  -46,755  -19,844

3. Net interest income                           62,843  116,693   45,060

4. Income/loss from trading portfolio            19,593   28,128    8,039

5. Income/loss from investment portfolio          1,940    1,741    3,845

6. Dividends received                               629      757    1,610

7. Other income                                   2,070    2,453      900

8. Operating expenses                           -10,770  -23,360  -10,436

9. Other expenses                                  -600   -1,209   -1,043

10. Allowance for doubtful accounts              -2,752   -3,751   -1,900

11. Operating profit/loss                        72,953  121,452   46,075

12. Profit/loss related to subsidiaries          -4,050  -23,762  -12,035

13. Profit/loss related to                           26   -1,548        0

associated companies

14. Profit/loss from normal activities           68,929   96,142   34,040

15. Expenses related with bonds issued          -42,166 -113,664        0

16. Net profit/loss                              26,763  -17,522   34,040





Jaanus Kosemaa

Public relations manager

+372 6651 800