HÜVITUSFOND

INCOME STATEMENT



UNAUDITED INCOME STATEMENT, 01.01-31.12.2000



in EEK thousand

                                                          1999       2000

1. Interest income                                     163,448    124,102

2. Interest expenses                                   -46,755    -37,137

3. Net interest income                                 116,693     86,965

4. Income/loss from trading portfolio                   28,128     19,747

5. Income/loss from investment portfolio                 1,741      1,773

6. Dividends received                                      757      1,995

7. Other income                                          2,453      1,943

8. Operating expenses                                  -23,360    -19,977

9. Other expenses                                       -1,209     -1,538

10. Allowance for doubtful accounts                     -3,751     -2,009

11. Operating profit/loss                              121,452     88,898

12. Profit/loss related to subsidiaries                -23,762    -29,318

13. Profit/loss related to

associated companies                                    -1,548      3,137

14. Profit/loss from normal activities                  96,142     62,718

15. Expenses related with bonds issued                -113,664    -48,531

16. Net profit/loss                                    -17,522     14,087





Jaanus Kosemaa

Public relations manager

+372 6651 800