HÜVITUSFOND

ANNOUNCEMENT

31.03.99

 

FINANCIAL RESULTS 01.01.99-28.02.99

 

During the first two months of 1999, Hüvitusfond earned 24,613,469 

EEK of profit.

The fund earned interest income in total amount of 24,719,411 EEK, of 

which 8,701,981 EEK (35.2%) was earned from bonds traded, and 

8,461,575 EEK (34.2%) as interest income from loans made. Interest 

income from other bonds totaled 4,713,890 EEK (19.1%).

Income from deposits totaled 1,862,767 EEK (7.5%)

Total interest expenses amounted to 4,551,698 EEK, of which the 

coupon payments to bondholders accounted for 93.3%, or 4,247,297 EEK.

Net interest income was 20,167,712 EEK.

 

During the first two months of the current year, Hüvitusfond’s income 

from investments totaled 16,394,918 EEK (compared with the respective 

annual result of 1998 of only 29,501,771 EEK). Proceeds from disposal 

of securities traded made up the largest share of investment income.

 

Investment-related expenses totaled 9,205,991 EEK, of which discount 

of short-term investments and loss accounted for 9,050,851 EEK 

(98.3%). In 1998, investment-related expenses totaled 455,483,516 

EEK.

Net income from investments was 7,188,927 EEK. 

 

 

Andres Laisk

Tel. +372 665 1801