Profit and Loss Account of Eesti Pank for the Year Ended 31 December 1996 (EEK)

 

1996

1995

Foreign

 

 

Interest and similar income

499,417,314.58

486,646,108.85

Interest and similar expense

-124,143,670.57

-139,087,949.77

Foreign net interest income and similar items

375,273,644.01

347,558,159.08

Domestic

 

 

Interest and similar income

10,991,000.52

12,040,500.67

Interest and similar expense

-1,803,452.61

-6,205,158.53

Domestic net interest income and similar items

9,187,547.91

5,835,342.14

Other operating income

3,539,920.76

872,453.06

Other operating expenses

-103,013,097.77

-119,671,333.69

  staff related costs

-46,297,335.67

-38,983,535.15

  costs of making money

-3,465,294.20

-29,728,235.51

  depreciation

-19,605,641.00

-16,275,246.00

  renovation costs

-7,643,837.22

-14,472,656.15

  general administration costs

-25,427,013.29

-19,323,105.43

  other costs

-573,976.39

-888,555.45

Profit before provisions for bad and
doubtful loans and exceptional items

284,988,014.91

234,594,620.59

Provisions for bad and doubtful loans and guarantees

-111,194,956.22

-142,807,920.97

Exceptional items

12,841,021.02

-8,148,157.45

Profit for the year

186,634,079.71

83,638,542.17

Appropriation of profit

1996

1995

Transfers to statutory capital

 

10,953,140.24

Transfers to reserve capital

74,000,000.00

10,953,140.24

Transfers to special reserve

82,000,000.00

40,125,970.10

Distribution to the State budget

30,634,079.71

21,606,291.59

Profit for the year

186,634,079.71

83,638,542.17

The financial statements, including the notes, on pages 84 to 101 have been approved by the Management of Eesti Pank on 8 April 1997 and are signed on their behalf by:

President      

V. Kraft

Vice President

P. Lõhmus