Annual Report 1996. Profit and Loss Account of Eesti Pank for the Year Ended 31 December 1996
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 | 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 | Vice President |