HÜVITUSFOND

INCOME STATEMENT



AUDITED INCOME STATEMENT 01.01-31.12.2001



Audited

in EEK thousand                                            2000        1999



1. Interest income                                      124,102     163,448

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

3. Net interest income                                   86,965     116,693

4. Income/loss from trading portfolio                    19,586      28,128

5. Income/loss from investment portfolio                    127       1,741

6. Dividends received                                     1,995         757

7. Other income                                           2,140       2,453

8. Operating expenses                                   -20,142     -23,360

9. Other expenses                                        -1,603      -1,209

10. Value adjustments to receivables                      1,280      -3,751

11. Operating profit/loss                                90,348     121,452

12. Profit/loss related to subsidiaries                 -28,655     -23,762

13. Profit/loss related to associated companies           4,782      -1,548

14. Profit/loss from normal activities                   66,475      96,142

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

13. Net profit/loss                                      17,944     -17,52





Jaanus Kosemaa

Public Relations Manager

+372 665 1800