EESTI ÜHISPANK

INCOME STATEMENT

01.01-31.12.98

 

 

Income Statement, audited

(Millions of EEK)

                                    Group:            Bank:

                              Note     1998     1997     1998     1997

 

Interest income                 1)  1,377.1    645.9  1,108.8    582.8

Interest expenses               2)   -727.5   -290.3   -637.6   -268.6

 

Net Interest Income                   649.7    355.7    471.2    314.2

 

Dividends                               5.1      1.0      5.1      1.0

Profit/loss from

 investment securities                -45.0    -10.0    -45.0    -10.0

 

Net commission income                 154.5    104.5    124.9     87.6

 fees & commisions received     3)    271.2    187.6    229.9    171.3

 fees & commissions paid        4)   -116.7    -83.1   -105.1    -83.7

Dealing profits/losses               -128.6    157.9    -92.8    158.3

 profit/loss from dealing securities -170.2    114.0   -174.3    114.3

 profit/loss from dealing in FCurrency 41.6     43.8     81.5     44.0

Other operating income                 58.4     36.7     21.1     27.6

 

Non-interest Income                    44.3    290.1     13.3    264.5

 

Total  Income                         694.0    645.7    484.5    578.7

 

Personnel expenses              5)    232.1    144.1    182.1    135.9

Other administrative expen      6)    218.2    138.7    172.8    131.6

Value adjustments of intangible and

tangible fixed assets & depreciation  134.3     47.3    105.5     46.3

Other operating expenses               37.1     11.6     31.4     10.4

 

Operating Expenses                    621.7    341.8    491.8    324.2

 

Operating Profit/Loss before

 Provisions                            72.3    304.0     -7.2    254.5

 

Value adjustments of advances and

 off-balance sheet items        7)   -474.5    -95.3   -332.5    -74.5

 

Operating Profit/Loss                -402.2    208.6   -339.7    180.0

 

Income/loss from

 subsidiaries (equity method)            -        -     -43.8     20.6

Value-adjustments of

investments in subsidiaries             8.4       .0       .0       .0

Income/loss from associates             -.3     10.5       .1     10.5

 

Profit / Loss before Taxes           -394.0    219.2   -383.4    211.2

 

Income tax                      8)      2.0      7.3       .0       .0

 

Profit / Loss after Taxes            -396.0    211.8   -383.4    211.2

 

Minority interest (equity)            -12.7       .6       -        -

 

Profit/Loss for the Financial Year   -383.4    211.2   -383.4    211.2

 

Transferred to general banking reserve   .0    211.2       .0    211.2

Retained profit / loss                   .0       .0       .0       .0

 

Earnings/Loss per Share         9)     -8.7      7.6     -8.7      7.6

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