HÜVITUSFOND

INCOME STATEMENT



INCOME STATEMENT, H1 2001



Unaudited

in EEK thousand

                                              H1 2001       2000   H1 2000

1. Interest income                             53,837    124,102    64,904

2. Interest expenses                          -13,601    -37,137   -19,844

3. Net interest income                         40,237     86,965    45,060

4. Income/loss from trading portfolio           3,558     19,586     8,039

5. Income/loss from investment portfolio        3,267        127     3,845

6. Dividends received                           1,712      1,995     1,610

7. Other income                                 2,973      2,140       900

8. Operating expenses                         -10,022    -20,142   -10,436

9. Other expenses                                 -21     -1,603    -1,043

10. Allowance for doubtful receivables         -1,272     -1,280    -1,900

11. Operating profit/loss                      42,975     90,348    46,075

12. Profit/loss related to subsidiaries        -8,593    -28,655   -12,035

13. Profit/loss related to

associated companies                                0     -4,782         0

14. Profit/loss from normal activities         34,383     66,475    34,040

15. Expenses related with bonds issued              0    -48,531         0

16. Net profit/loss                            34,383    -17,944    34,040





Jaanus Kosemaa

Public relations manager

+372 6651 800