Hüvitusfond                   INCOME STATEMENT                  04/18/2002



AUDITED INCOME STATEMENT 2001



Thousands EEK/EUR

                                   2001     2001     2000      2000

                                    EEK     EURO      EEK      EURO

1. Interest income              101,352    6,478  124,102     7,932

2. Interest expense             -22,426   -1,433  -37,137    -2,373

3. Interest income, net          78,926    5,044   86,965     5,558

4. Net result from trading        8,226      526   19,586     1,252

securities

5. Net result from investment     7,866      503      127         8

securities

6. Dividends                      1,711      109    1,995       128

7. Other income                   5,265      336    2,140       137

8. Operating expenses           -18,714   -1,196  -20,142    -1,287

9. Other expenses                -3,896     -249   -1,603      -102

10. Provisions                     1450       93    1,280        82

11. Operating profit             80,833    5,166   90,348     5,774

12. Profit/loss from            -16,298   -1,042  -28,655    -1,831

subsidiaries

13. Profit/loss from                  0        0    4,782       306

associates

14. Profit before obligation     64,535    4,125   66,475     4,249

issues

15. Cost of issued                    0        0  -48,531    -3,102

obligations

16. Net profit                   64,535    4,125   17,944     1,147





Jaanus Kosemaa

head of public relations

6651800, 05104614