AS HANSAPANK

INCOME STATEMENT

31.12.98 – 30.06.99

 

 

Income Statement           		   Group                           Bank   

(EEK in mil., unaudited)         6 m 99     1998        6 m 98   6 m 99    1998   6 m 98

                                                

Net interest income                                             

Interest income                 1,166.2  1,794.5        663.3    772.2  1,108.2    375.0

Interest expense                  449.9    770.8        297.4    347.6    542.5    186.1

Net interest income               716.3  1,023.7        365.9    424.5    565.7    189.0

Provision for credit and 

guarantee losses                  275.0    594.3         50.1    155.2    324.0     37.7

Recovered loans                    14.5     49.0          2.6     11.9     16.6      2.2

Net interest income after 

provisions                        455.7    478.4        318.4    281.2    258.3    153.4

                                                

Non-interest income                                             

Trading income                    291.4    127.8         97.6    279.4     69.4     71.4

   incl. provisions on 

         financial instruments     (3.0)   (32.3)       (21.0)    (4.8)   (30.7)   (21.0)

Dividends                           4.0      7.0          6.0      1.9    101.8    101.5

Fees and commissions              369.4    511.4        203.2    269.8    381.4    155.1

Net income from insurance 

activities                         40.4     59.4          8.8                   

Other income                      108.8     69.1         23.3     25.3     14.9      3.9

Total non-interest income         813.9    774.7        338.9    576.4    567.5    331.8

Income from subsidiaries and 

affiliated companies               98.0    (10.7)        (0.8)                  

Total revenue                   1,367.6  1,242.4        656.6    857.6    825.8    485.2

                                                

Non-interest expenses                                           

Service fees paid                 101.0    156.9         55.4     97.6    126.0     44.1

Personnel expenses                283.0    422.3        156.4    164.6    245.5    105.2

Data network expenses              54.8     42.0         17.5     42.4     41.2     15.4

Administration expenses           191.0    342.2        113.5    103.6    194.2     76.7

Other expenses                    177.3    195.3         33.9    129.5    129.6     18.5

Total non-interest expenses       807.1  1,158.7        376.7    537.7    736.5    260.0

Net operating revenue             560.6     83.7        279.8    319.9     89.3    225.2

Depreciation                       99.4    143.0         47.7     52.3     73.0     26.6

Net income before income tax      461.2    (59.3)       232.1    267.6     16.3    198.6

Appropriations                     29.6        -         14.1     33.3        -        -

Income tax                         40.8     (6.5)        39.9        -    (14.8)    27.4

Income/(Loss) attributable to 

minority owners                     0.8      7.7                     -        -        -

Net income                        390.0    (60.5)       178.1    234.4     31.1    171.1