HüVITUSFOND

CASH FLOW STATEMENT

01.01-30.09.98

 

 

 

                                                   01.01-30.09.98

1.     REVENUES FROM PRIVATIZATION                 122,646,197.60

2.     BONDS ISSUED		                    71,940,100.00

3.     INTEREST REVENUES                                              

3.1.   From deposits                                 6,402,579.75

3.2.   From bonds	                            51,064,673.65

3.3.   Other interests                              53,983,881.94

       TOTAL INTEREST REVENUES                     111,451,135.34

4.     INTEREST EXPENSES                                              

4.1.   Interests on bonds                           31,529,876,32

4.2.   Loan interests                                8,407,564,81

4.3.   Other interests                              10,217,315.85

       TOTAL INTEREST EXPENSES                      50,154,756.98

5.     NET PROFIT FROM INTERESTS                    61,296,378.36

6.     PROFIT FROM INVESTMENTS                           

6.1.   From current investments                     14,215,084.92

       (dividends, sales revenue)

6.2.   From non-current investments                  8,568,704.40

       (dividends, sales revenue)

6.3.   From subsidiaries and associated companies      740,768.82

       (profit from equity method)

6.4.   Real estate (rent, service fees)              1,101,914.32

       TOTAL PROFIT FROM INVESTMENTS                24,626,472.46

7.     INVESTMENT-RELATED EXPENSES                            

7.1.   From current investments		           260,601,155.03

       (discount,loss)

7.2.   From non-current investments                   7,129,88.28

       (discount,loss)

7.3.   From subsidiaries and associated companies   14,823,143.75

       (equity method)

7.4.   Receivables (discount,doubtful accounts)     28,982,565.00

7.5.   Real estate (expenses,depreciation,loss)        486,036.84

       TOTAL INVESTMENT-RELATED EXPENSES           312,022,788.90

8.     NET PROFIT FROM INVESTMENT                 -287,396,316.44

9.     OTHER OPRATING REVENUES                       2,628,928.12

10.    OTHER OPERATING EXPENSES                      4,745,405.09

11.    ADMINISTRATIVE EXPENSES                              

11.1.  Salary-reated expenses	                     4,610,432.04

11.2.  Vacation reserves                                    

11.3.  Social taxes and other employee-related       1,550,358.29

       taxes

11.4.  Bond issuance expenses                        1,123,016.47

11.5.  Investment-related expenses                     814,741.13

11.6.  Marketing expenses                              241,685.76

11.7.  Other administrative expenses                 2,989,481.61

11.8.  Building administration expenses                301,764.55

11.9.  Accumulated depreciation on                   1,295,899.00

       non-current assets

       TOTAL ADMINISTRATIVE EXPENSES                12,927,378.85

12.    PROFIT FROM NORMAL OPERATIONS              -241,143,793.90

13.    FUND'S NET PROFIT                          -190,437,696.30

14.    FUND IN THE BEGINNING OF THE PERIOD         926,985,310.69

15.    FUND AT THE END OF THE PERIOD               736,547,614.39

 

 

 

Accountant

Tiiu Randväli