Profit and Loss Account for the Year Ended 31 December 1998 (EEK thousand)

 

Notes

1998

1997

Foreign

 

 

 

Interest and similar income

 

895,598

668,304

Interest and similar expense

 

-272,872

-276,637

Foreign net interest income and similar items

22

622,726

391,667

Domestic

 

 

 

Interest and similar income

 

16,580

7,686

Interest and similar expense

 

-23,543

-5,706

Domestic net interest income and similar items

23

-6,963

1,980

Other operating income

24

8,016

2,923

Other operating expenses

25

-158,617

-129,584

  staff related costs

 

-64,593

-56,607

  costs of making money

 

-13,205

-9,960

  depreciation

 

-27,440

-22,866

  renovation costs

 

-10,036

-7,230

  general administration costs

 

-43,343

-32,921

Profit before provisions for bad and doubtful
loans and exceptional items

 

465,162

266,986

Provisions for bad and doubtful loans

26

-953

-189

Exceptional items

27

77,814

185,567

Profit for the year

 

542,023

452,364

Appropriation of profit

 

 

 

Transfers to Reserve capital

 

136,000

170,000

Transfers to Special reserve

 

406,023

192,364

Distribution to the State budget

 

 

90,000

Total appropriations

 

542,023

452,364

The financial statements, including the notes, on the pages 92 to 108 have been approved by the Management of Eesti Pank on 30 March 1999 and are signed on their behalf by:

President      

V. Kraft

Vice President

P. Lõhmus