HÜVITUSFOND

FUND TRANSACTION REPORT

01.01-31.03.99

 

unaudited

in EEK

                                                           Q1 1999      Q1 1998

                                                                               

1. Fund at beginning of period                         734 147 675  926 985 311

2. Revenues from privatization                         118 893 392   27 857 799

3. Bonds issued 		                                 0            0

                                                                               

4. INTEREST REVENUES                                    37 473 048   39 404 381

4.1. from short-term investments                         8 484 631    2 185 074

4.2. from long-term investments                         28 333 528   18 074 625

4.3. Other interests                                       654 889   19 144 682

5. INTEREST EXPENSES                                    11 442 920   11 798 391

5.1. Interests on bonds                                  8 277 220    4 500 452

5.2. on current liabilities                                 69 955            0

5.2. on non-current liabilities                          3 053 984    3 814 903

5.3. Other interests                                        41 761    3 483 036

6. NET INTEREST INCOME                                  26 030 128   27 605 990

                                                                               

7.  INCOME FROM INVESTMENTS                             38 582 571   11 139 764

7.1. From current investments                           38 138 420   10 218 994

(dividends, sales revenue)

7.2. From portfolio investments                                  -      546 557

(dividends, sales revenue)

7.3.From subsidiaries and associated companies                   -             -

(profit from equity method, sales revenue)

7.4. Real estate (rent, service fees)                      444 152      374 213

                                                                               

8. INVESTMENT-RELATED EXPENSES                          16 707 383      241 465

8.1 .From current investments              	        16 493 916      130 834

(discount,loss)

8.2. From portfolio investments (discount)                       -            -

8.2. From subsidiaries and assoc. companies                      -            -

(loss from equity method)

8.3. Receivables (discount,doubtful accounts)                    -            -

8.4. Real estate (expenses,depreciation,loss)              213 467      110 631

                                                                               

9. NET INCOME/LOSS ON INVESTMENT (row7-row8)            21 875 189   10 898 299

                                                                               

10. OTHER OPERATING REVENUES                               670 446      391 202

                                                                               

11. OTHER OPERATING EXPENSES                               841 443    1 288 402

                                                                               

12.ADMINISTRATIVE EXPENSES                               5 051 400    4 801 454

12.1. Salary-related expenses                            1 384 664    2 185 915

12.2. Social taxes and other salary-related payments       457 634      721 353

12.3. Other administrative expenses 		         5 759 785    1 469 812

12.4. Accumulated depreciation                                   -      424 373

                                                                               

13. PROFIT/LOSS FROM OPERATIONS                         42 682 920   32 805 635

14. FUND AT THE END OF THE PERIOD                      895 724 186  987 648 745

 

 

Andres Laisk

tel. +372 66 51 801