EVEA PANK

BALANCE SHEET

30.11.98

 

Unaudited, unconsolidated

in thousand EEK

 

Assets                                                            30.11.98     31.10.98

Cash                                                                 2,697        1,959

Due from Central Bank                                               15,104       17,112

Due from other financial institutions                               30,028       29,127

Due from the clients                                               301,639      325,142

Allowance for doubtful accounts                                    -10,030      -10,000

Securities                                                         209,052      205,162

Immaterial assets                                                      152          163

Material assets                                                     37,581       38,158

Other assets                                                        12,028       11,430

Prepaid expenses and accrued income			            13,071       12,406

Total assets                                                       611,322      630,659

Liabilities and shareholders' equity

Due to Central Bank                                                      0            0

Due to other financial institutions                                      0            0

Due to the clients                                                 453,692      476,327

          Demand deposits                                           93,223      100,285

          Time and savings accounts                                252,121      267,920

          Other debts                                              108,348      108,122

Government loan funds and foreign aid funds                         43,506       43,506

Bonds issued                                                             0            0

Other liabilities                                                   23,875       24,561

Prepaid revenue and accrued expenses                                13,799       12,681

Provisions                                                           4,073        4,073

Subordinated liabilities                                                 0            0

Total liabilities                                                  538,945      561,148

Share capital                                                       75,000       75,000

Transactions with shareholders                                           0            0

Capital surplus                                                      9,819        9,819

Treasury stock                                                           0            0

General banking reserve                                             10,900       10,900

Revaluation reserve                                                      0            0

Other reserves                                                       1,011        1,011

Retained earnings			                             8,092        8,092

Net profit (loss) for the financial year                           -32,445      -35,311

Total shareholders' equity                                          72,377       69,511

Total liabilities and shareholders' equity                         611,322      630,659

 

The decrease in the balance sheet volume in November occurred mainly

due to the reimbursement of loans and deposits bound with loans.