OPTIVA PANK

BALANCE SHEET

31.05.99

 

Unaudited, unconsolidated

In thousands EEK

 

                                                         31.05.99     30.04.99

ASSETS

Cash in hand                                               70,844       65,692

Demand deposits with banks                                272,612      401,640

Time deposits with banks                                  144,891       88,505

Short-term investments in shares                            5,232        4,624

Securities purchased under resale agreement                14,063       14,063

Loans to clients                                        1,963,630    2,121,268

Allowances for loan losses                               -181,001     -229,016

Net loans                                               1,782,629    1,892,252

Long-term financial investments in debt securities        561,407      461,496

Long-term financial investments in shares                 110,520      120,121

Tangible assets                                            15,794       12,930

Intangible assets                                         127,499      129,958

Other assets                                              126,100      134,484

TOTAL ASSETS                                            3,231,590    3,325,764

 

LIABILITIES

Current accounts                                          588,334      589,526

Time deposits                                             404,137      429,898

Loans from banks                                          679,984      675,281

Borrowings from government                                104,374      104,374

Debts evidence by certificates                            728,252      784,829

Clearing accounts                                         133,818      155,547

Other liabilities                                          55,178       50,104

Subordinated debts                                        194,500      194,500

TOTAL LIABILITIES                                       2,888,577    2,984,059

 

OWNERS' EQUITY

Share capital                                             412,559      412,559

Share premium account                                      60,602       60,602

General banking reserve                                    44,812       44,812

Other reserves                                              4,665        4,665

Retained earnings from prior years                       -184,670     -184,670

Profit/loss for the financial year                          5,045        3,737

TOTAL OWNERS' EQUITY                                      343,013      341,705

 

TOTAL LIABILITIES AND OWNERS' EQUITY                    3,231,590    3,325,764

 

 

Piret Villman

Manager of Budget and Planning Department

Tel. +372 6302 503