OPTIVA PANK

BALANCE SHEET

31.12.98

 

Audited, consolidated

Ths. EEK

                                                                                       BANK                       GROUP

                                                                              12/31/98      12/31/97      12/31/98      12/31/97

ASSETS

Cash on hand                                                    Note 3          59 678        47 418        59 678        47 418

Claims and loans                                                             2 420 049     1 902 513     2 329 172     1 780 838

Claims and loans to the Central Bank                            Note 4         198 390       104 880       198 390       104 880

Claims and loans to credit institutions                         Note 5         147 114       508 892       147 652       514 466

Claims and loans to clients                                     Note 6       2 302 989     1 313 576     2 216 113     1 187 618

    Claims and loans to clients of credit institution                        2 302 989     1 313 576     1 975 359       982 287

    Claims and loans to clients of leasing enterprises                               0             0       240 754       205 331

Uncollectible claims and loans                                  Note 7       - 228 445      - 24 836     - 232 983      - 26 126

Securities                                                                     406 277       410 469       318 375       329 199

  Debt securities                                               Note 8         265 935       183 202       172 690       139 202

  Shares and other securities                                                  140 342       227 267       145 685       189 996

    Shares of subsidiary undertakings                           Note 9          63 252        57 818             0             0

    Investments in associates                                   Note 10          1 716         1 561         1 716         1 561

    Other shares                                                Note 11         75 373       167 888       143 969       188 435

Intangible assets                                               Note 12        139 397         5 010       140 168         6 498

Consolidated goodwill                                                                0             0           527            85

Other intangible assets                                                        139 397         5 010       139 641         6 413

Tangible assets                                                 Note 13         13 880        22 567       225 576       220 574

Other assets                                                    Note 14         12 517        41 871        13 955        42 382

Prepayments and accrued income                                  Note 15        121 990        98 084       112 531       112 150

TOTAL ASSETS                                                                 3 173 787     2 527 931     3 199 454     2 539 057

 

LIABILITIES

Amounts owed                                                                 1 681 270     1 893 984     1 688 841     1 901 493

Amounts owed to the Central Bank                                                 6 189             0         6 189             0

Amounts owed to credit institutions                             Note 16        692 461       399 069       703 856       411 271

Amounts owed to clients of credit institution                   Note 17        867 127     1 486 382       859 723     1 481 689

Amounts owed to government                                      Note 18        115 493         8 533       115 493         8 533

Other amounts owed                                                                   0             0         3 580             0

Debts evidenced by certificates                                 Note 19        816 509        36 543       817 509        34 043

Other liabilities                                               Note 20         94 909       270 584        99 869       270 585

Accruals and deferred income                                    Note 21         48 632        47 090        60 095        67 264

Provisions for liabilities                                                           0        16 238             0        19 072

Deferred income tax liability                                   Note 22              0        16 238             0        19 072

Subordinated liabilities                                        Note 23        194 500        74 500       194 500        74 500

TOTAL LIABILITIES                                                            2 835 820     2 338 938     2 860 813     2 366 957

MINORITY INTERESTS                                                                   0             0         2 701         2 468

OWNERS' EQUITY

Share capital                                                   Note 24        412 559        41 182       412 559        41 182

Paid-in capital over par                                                        60 602        18 031        60 602        18 031

General banking reserve                                                         44 811        44 811        44 811        44 811

Mandatory reserve                                                                4 118         4 118         4 118         4 118

Other reserves                                                                     547           547           547           547

Retained earnings                                                            - 184 670        80 303     - 184 670        68 497

Treasury shares                                                                      0             0       - 2 027       - 7 555

TOTAL OWNERS' EQUITY                                                           337 967       188 993       335 940       169 632

TOTAL LIABILITIES AND OWNERS' EQUITY                                         3 173 787     2 527 931     3 199 454     2 539 057