Annual Report 1997. Profit and Loss Account of Eesti Pank for the Year Ended 31 December 1997
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 | 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 | 1,980 | 9,188 | |
Other operating income | 2,923 | 3,540 | |
|
|
|
|
Other operating expenses | -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 |
| 266,986 | 284,988 |
Provisions for bad and doubtful loans and guarantees | -189 | -111,195 | |
Exceptional items | 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 |