OPTIVA PANK

INCOME STATEMENT

01.01-31.12.98

 

unconsolidated, unaudited

in thousand EEK  

 

       Interest income                                              208,342

       Interest expense                                             -85,252

 Net interest income                                                123,091

       Loan provisions                                             -131,916

       Loans repaid                                                   2,221

 Net interest income after loan provisions                           -6,605

 

 Non-interest income

      Commissions and service fees received                          51,404

      Income from currency exchange operations                       35,302

      Income from current securities investments                    -55,318

      Income from non-current securities investments                -79,767

      Other income                                                    1,330

  Total non-interest income                                         -47,049

 

 Total income                                                       -53,654

 

 Non-interest expenses

      Commissions and service fees paid                             -11,496

      Personnel expenses                                            -55,654

      Other administrative expenses                                 -71,005

      Other non-interest expenses                                   -12,486

      Revaluation of assets                                         -37,161

 

 Total non-interest expenses                                       -187,802

 

 Profit from operations                                            -241,456

      Depreciation                                                  -14,487

 PROFIT / LOSS BEFORE INCOME TAX                                   -255,943

      Income tax                                                          0

 PROFIT / LOSS                                                     -255,943