BALTI KASVUFOND

PROFIT AND LOSS REPORT

01.01-31.12.98

 

audited                                      01.01-31.12.98

 

1.  Net investment income

1.1.From shares and units

1.1.Profit from sales (-loss)                   -23,076,786

1.1.Unrealized profit (-loss)                   -10,721,357

1.1.Dividends                                     1,099,097

 

1.2.From bonds

1.2.Profit from sales (-loss)                       970,123

1.2.Unrealized profit (-loss)                       -95,394

1.2.Interest income                                 968,311

 

1.3.From money market instruments

1.3.Profit from sales (-loss)                       672,736

1.3.Unrealized profit (-loss)                        52,917

1.3.Interest income

 

1.4.From deposits                                   275,840

 

2.  Other revenues

2.1.Profit from exchange differences                288,137

2.2.Other financial revenues                         35,171

 

TOTAL REVENUES                                  -29,531,205

 

 

3.  Operating expenses

3.1.Management fees                                 682,845

3.2.Depository fees                                 119,577

3.3.Transaction fees                                 78,559

3.4.Other operating expenses

    Commision on repurchasing of fund units         342,153

    Other operating expenses                        118,748

 

4.  Other expenses

4.1.Interest expense                                  5,926

4.3.Loss from exchange differences                  497,117

4.4.Other financial expenses

 

TOTAL EXPENSES                                    1,844,925

 

5.  Net result for the year                     -31,376,130

 

 

Hannes Raag

Manager

 

Lea Asper

Accountant