HÜVITUSFOND

BALANCE SHEET



BALANCE SHEET, AS AT 30.09.2001



Unaudited

in thousand EEK



ASSETS                                     30.09.2001 31.12.2000



1.Cash and bank                                82,906     75,255

2.Trading portfolio                            97,304     59,196

3.Loans and receivables                       224,560    272,708

4.Investment portfolio                        696,868    812,497

5.Investments in subsidiaries                 227,489    236,510



6.Tangible assets                               1,721      2,600

7.Intangible assets                                 8         24

8.Other assets                                 31,438     36,143

TOTAL ASSETS                                1,362,294  1,494,931



LIABILITIES AND OWNERS' EQUITY

Liabilities

9.Borrowings from credit institutions               0          0

10.Bonds issued                               242,478    424,511

11.Provisions                                   5,241

12.Other liabilities                           12,246     25,980

Total liabilities                             259,965    450,491

Owners equity

13. Capital stock                           1,626,243  1,445,579

14. Retained earnings                        -581,802   -419,083

15. Net profit/loss for the period             57,888    -17,944

Total owners equity                         1,102,328  1,044,440

TOTAL LIABILITIES AND OWNERS' EQUITY        1,362,294  1,494,931





Jaanus Kosemaa

Public Relations manager

+372 6651 800