HÜVITUSFOND

FUND TRANSACTIONS REPORT

01.01.-30.06.99

 

Audited,

in thousand EEK

                                               30.06.1999      30.06.1998

 

1. Fund at beginning of period                    720,264         926,985

2. Revenues from privatization                    214,238          72,135

3. Bonds issued                                   -42,166         -42,940

 

4.INTEREST REVENUE                                 85,300          75,914

4.1. From deposits                                  4,106           4,391

4.2. From bonds                                    44,546          35,768

4.3. Other interests                               36,649          35,755

 

5.INTEREST EXPENSES                               -23,181         -32,346

5.1. Interest payments on bonds                   -16,493         -20,143

5.2. Loan interests                                   -61          -5,520

5.3. Other interests                               -6,627          -6,683

6.NET INTEREST INCOME                              62,120          43,568

 

7.INCOME FROM INVESTMENTS                          69,263          23,184

7.1.From short-term investments                    62,942          13,422

7.2.From portfolio investments                      2,610           8,277

7.3.From subsidiaries and associated companies      3,336             741

7.4.Real estate                                       375             744

 

8.INVESTMENT-RELATED EXPENSES                     -52,199        -239,223

8.1.On short-term investments                     -48,974        -187,977

8.2.On portfolio investments                            0          -7,130

8.2.On subsidiaries and associated companies            0         -14,823

8.3.Allowance for doubtful accounts                -2,752         -28,983

8.4.Real estate                                      -473            -311

 

9.NET INVESTMENT INCOME/LOSS                       17,064        -216,040

 

10.OTHER OPERATING REVENUE                          4,459           1,248

 

11.OTHER OPERATING EXPENSES                        -3,943          -3,652

 

12.ADMINISTRATIVE EXPENSES                        -10,768          -9,576

12.1.Salary-reated expenses                        -2,819          -3,609

12.2.Social taxes and other salary-related           -949          -1,216

12.3.Other administrative expenses                 -6,010          -3,888

12.4.Accumulated depreciation                        -990            -863

 

13.NET OPERATING PROFIT/LOSS                       68,931        -184,452

14.FUND AT THE END OF PERIOD                      961,267         771,729

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

+3726651800, +3726651824, +3725104614