Profit and Loss Account of Eesti Pank for the Year Ended 31 December 1997 (EEK thousand)

 

Notes

1997

1996

Foreign

 

 

 

Interest and similar income

 

668,304

499,417

Interest and similar expenses

 

-276,637

-124,144

Foreign net interest income and similar items

22

391,667

375,273

Domestic

 

 

 

Interest and similar income

 

7,686

10,991

Interest and similar expenses

 

-5,706

-1,803

Domestic net interest income and similar items

23

1,980

9,188

Other operating income

24

2,923

3,540

 

 

 

 

Other operating expenses

25

-129,584

-103,013

  staff related costs

 

-56,607

-46,297

  costs of making money

 

-9,960

-3,465

  depreciation

 

-22,866

-19,606

  renovation costs

 

-7,230

-7,644

  general administration costs

 

-31,743

-25,427

  other costs

 

-1,178

-574

Profit before provisions for bad and doubtful loans and
exceptional items

 

266,986

284,988

Provisions for bad and doubtful loans and guarantees

26

-189

-111,195

Exceptional items

27

185,567

12,841

Profit for the year

 

452,364

186,634

 

Appropriation of profit

 

1997

1996

Transfers to reserve capital

 

170,000

74,000

Transfers to special reserve

 

252,364

82,000

Distribution to the State budget

 

30,000

30,634

Profit for the year

 

452,364

186,634

The Financial Statements, including the notes, on the pages 98 to 117 have been approved by the Management of Eesti Pank on 30 March 1998 and are signed on their behalf by:


President      

V. Kraft
      Vice President      

      P. Lõhmus