ABYFYCJDST JNXTNS - Reverta › files › PDF finansu › 2000_parskats › 2000_5_ru.pdf · JNXTN...

ABYFYCJDST JNXTNS

CJLTH:FYBT

Cjj,otybt j, jndtncndtyyjcnb herjdjlcndf 42

Herjdjlcndj <fyrf 43

Abyfycjdst jnxtns

- Jnxtn j ghb,skb b e,snrf[ 44

- <fkfyc b dyt,fkfycjdst j,zpfntkmcndf 45

- Jnxtn j, bpvtytybz[ d rfgbnfkt b htpthdf[ 46

- Jnxtn j ldb;tybb ltyt;ys[ chtlcnd 47

- Ghbvtxfybz r abyfycjdsv jnxtnfv 48

Jnxtn felbnjhjd 79

42

CJJ<OTYBT J< JNDTNCNDTYYJCNB HERJDJLCNDF

Herjdjlcndj FJ Parekss banka !d lfkmytqitv – <fyr@ jndtncndtyyj pf gjlujnjdre abyfycjds[ jnxtnjd <fyrf> f nfr;t pfgjlujnjdre rjycjkblbhjdfyys[ abyfycjds[ jnxtnjd <fyrf b tuj ljxthyb[ rjvgfybq !d lfkmytqitv – Uheggf@.

Abyfycjdst jnxtns> ghtlcnfdktyyst yf cnhfybwf[ 44-78> gjlujnjdktys yf jcyjdfybb gthdbxys[ ljrevtynjd extnf b lf/nghfdlbdjt ghtlcnfdktybt j abyfycjdjv gjkj;tybb <fyrf gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf b yf 31 ltrf,hz 1999 ujlf b jhtpekmnfnf[ tuj ltzntkmyjcnb b ldb;tybb ltyt;ys[ chtlcnd d 2000 b 1999 ujle> f nfr;t j abyfycjdjv gjkj;tybb Uheggs gjcjcnjzyb/ yf 31 ltrf,hz 2000 ujlf b j htpekmnfnf[ tt ltzntkmyjcnb b ldb;tybb ltyt;ys[ chtlcnd d 2000 ujle.

Abyfycjdst jnxtns gjlujnjdktys d cjjndtncndbb c Vt;leyfhjlysvb ,e[ufknthcrbvb cnfylfhnfvb> jcyjdsdfzcm yf ghbywbgtghjljk;tybz ghtlghbybvfntkmcrjq ltzntkmyjcnb. D jnxtnyjv ujle gjcktljdfntkmyj bcgjkmpjdfkbcm cjjndtncnde/obt vtnjlsextnf. Htitybz b jwtyrb> ghbyznst herjdjlcndjv d [jlt gjlujnjdrb abyfycjds[ jnxtnjd> ,skb cltkfys dpdtityyj b j,jcyjdfyyj.

Herjdjlcndj FJ Parekss banka ytctn jndtncndtyyjcnm pf j,tcgtxtybt cjjndtncnde/otq cbcntvs ,e[ufknthcrjuj extnf>cj[hfyyjcnm frnbdjd Uheggs> f nfr;t pf j,yfhe;tybt b ghtljndhfotybt vjityybxtcndf b lheub[ ghfdjyfheitybq d Uheggt.Herjdjlcndj nfr;t ytctn jndtncndtyyjcnm pf cjjndtncndbt ltzntkmyjcnb <fyrf pfrjye `J rhtlbnys[ exht;ltybz[`> erfpfybzv<fyrf Kfndbb b lheubv nht,jdfybzv pfrjyjlfntkmcndf Kfndbqcrjq Htcge,kbrb> jnyjczobvcz r rhtlbnysv exht;ltybzv.

Hbuf> 9 vfhnf 2001 ujlf

Dfkthbq RfhubyGhtpbltyn#Ghtlctlfntkm Ghfdktybz

Dbrnjh RhfcjdbwrbqGhtlctlfntkm Cjdtnf lbhtrnjhjd

Ubync GjqicGhtlctlfntkm Cjdtnf <fyrf

HERJDJLCNDJ <FYRF

Yf vjvtyn gjlgbcfybz abyfycjdjuj jnxtnf%

CJDTN <FYRF

Ubyn Gjqic Ghtlctlfntkm Cjdtnf <fyrf

{fyc <thyln Xkty Cjdtnf

?hbc Dfyfuc Xkty Cjdtnf

28 atdhfkz 2000 ujlf Dkflbckfd Crht,tkbc ,sk jcdj,j;lty jn bcgjkytybz j,zpfyyjcntq xktyf Cjdtnfb {fyc <thyln ,sk yfpyfxty yjdsv xktyjv Cjdtnf.

GHFDKTYBT <FYRF

Dfkthbq Rfhuby Ghtpbltyn b ghtlctlfntkm Ghfdktybz <fyrf

Dbrnjh Rhfcjdbwrbq Pfvtcnbntkm ghtlctlfntkz Ghfdktybz <fyrf

Dkflbckfd Crht,tkbc Xkty Ghfdktybz

28 atdhfkz 2000 ujlf gj htityb/ frwbjythjd Fhbz Ptknbyz ,skf jcdj,j;ltyf jn bcgjkytybzj,zpfyyjcntq xktyf Ghfdktybz <fyrf b Dkflbckfd Crht,tkbc ,sk yfpyfxty yjdsv xktyjv Ghfdktybz.

CJDTN LBHTRNJHJD

Dbrnjh Rhfcjdbwrbq Ghtlctlfntkm Cjdtnf lbhtrnjhjd

"hbr <hbdvfybc Dbwt-ghtpbltynJndtncndtyysq pf abyfycjdjt eghfdktybt <fyrjv> eghfdktybt frnbdfvb b gfccbdfvb> cnhfntubxtcrjthfpdbnbt b dytlhtybt byajhvfwbjyys[ nt[yjkjubq> b ,e[ufknthcre/ cbcntve <fyrf.

Fktrcfylh Rdfcjd Dbwt-ghtpbltynJndtncndtyysq pf jgthfwbjyysq jnltk> drk/xfz j,cke;bdfybt rkbtynjd !abpbxtcrb[ b /hblbxtcrb[kbw@> jgthfwbq c gkfnt;ysvb rfhnfvb> j,cke;bdfybt gkfnt;tq b eghfdktybt abkbfkfvb.

Kbuf Gehbyz Dbwt-ghtpbltynJndtncndtyyfz pf rhtlbnyst jgthfwbb> drk/xfz dct rhtlbnyst b kbpbyujdst eckeub abpbxtcrbv b/hblbxtcrbv kbwfv.

Tdutybq Pjkjnfhtd Dbwt-ghtpbltynJndtncndtyysq pf hsyrb rfgbnfkf> hf,jne eghfdktybz htcehcjd b lbkbyuf> bydtcnbwbjyyst jgthfwbb>rjhgjhfnbdyst abyfycs> bydtcnbwbjyyst ghjlerns> eghfdktybt nhfcnfvb b frnbdfvb. Rhjvt njuj>jndtncndtyysq pf cnhfntubxtcrjt hfpdbnbt <fyrf> drk/xfz cjnhelybxtcndj c bydtcnjhfvb>abyfycbhjdfybt ljkujds[ j,zpfntkmcnd b rfgbnfkf> jnyjitybz c vt;leyfhjlysvb abyfycjdsvbexht;ltybzvb b htqnbyujdsvb futyncndfvb.

11 ctynz,hz 2000 ujlf> gj htityb/ Ghtpbltynf <fyrf b Cjdtnf lbhtrnjhjd> Kbuf Gehbyz ,skfyfpyfxtyf dbwt-ghtpbltynjv> jndtncndtyysv pf rhtlbnyst jgthfwbb> b xktyjv Cjdtnf lbhtrnjhjd>cvtybd yf pnjv gjcne Zrjdf Iehf.

43

JNXTN J GHB<SKB B E<SNRF{ PF 2000 B 1999 UJLS

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Ghbvtxfybt Uheggf <fyr <fyr

Ghjwtynyst lj[jls 4 32.723 31.984 21.891Ghjwtynyst hfc[jls 4 !15.491@ !15.284@ !9.396@Xbcnst ghjwtynyst lj[jls 17.232 16.700 12.495Rjvbccbjyyst lj[jls 5 13.256 13.083 10.329Rjvbccbjyyst hfc[jls 5 !2.483@ !2.466@ !1.708@Xbcnst rjvbccbjyyst lj[jls 10.773 10.617 8.621Xbcnfz ghb,skm jn jgthfwbq c wtyysvb ,evfufvb b byjcnhfyyjq dfk/njq 6 7.339 7.202 5.775Ghjxbt jgthfwbjyyst lj[jls jn jcyjdyjq ltzntkmyjcnb 7 1.135 997 1.272Lj[jls jn jcyjdyjq ltzntkmyjcnb 36.479 35.516 28.163Flvbybcnhfnbdyst hfc[jls 8>9 !18.895@ !17.935@ !15.193@Bpyjc b fvjhnbpfwbz 22>23 !2.682@ !2.591@ !2.495@Ghjxbt jgthfwbjyyst hfc[jls !390@ !390@ !248@Hfc[jls yf yfrjgktybz lkz cjvybntkmys[ ljkujd 10 !5.592@ !5.289@ !7.448@Lj[jls jn evtymitybz yfrjgktybq 10 2.585 2.585 1.835!E,snrb@ jn gthtjwtyrb ljkujchjxys[ bydtcnbwbq 20>21 !217@ !562@ -

Ghb,skm lj yfkjujj,kj;tybz b ljkb exfcnbz ljxthyb[ rjvgfybq 11.288 11.334 4.614Yfkju yf ghb,skm 11 !1.309@ !1.309@ !437@Ghb,skm lj ljkb exfcnbz ljxthyb[ rjvgfybq 9.979 10.025 4.177Ljkz exfcnbz ljxthyb[ rjvgfybq 46 - -Ghb,skm pf jnxtnysq ujl 10.025 10.025 4.177

Abyfycjdst jnxtns> ghbdtltyyst yf cnhfybwf[ 44 – 78> endth;ltys herjdjlcndjv <fyrf> jn bvtyb rjnjhjuj gjlgbcfkbcm%


Ghbvtxfybz zdkz/ncz cjcnfdyjq xfcnm/ lfyys[ abyfycjds[ jnxtnjd.

44




<FKFYC B DYT<FKFYCJDST J<ZPFNTKMCNDFYF 31 LTRF<HZ 2000 B 1999 UJLF

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Ghbvtxfybt Uheggf <fyr <fyrFrnbdsLtyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 12 24.058 23.568 25.014Nht,jdfybz r rhtlbnysv exht;ltybzv 13 107.325 105.888 97.077Rhtlbns b fdfycs yt-,fyrfv 14>15>16 217.627 206.182 159.488J,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 17>18 159.405 156.439 97.561Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 19 16.336 16.281 5.975Exfcnbt d rfgbnfkt ljxthyb[ rjvgfybq 20 120 3.045 193Exfcnbt d rfgbnfkt cdzpfyys[ rjvgfybq 21 - - 280Ytvfnthbfkmyst frnbds 22 1.577 1.429 307Jcyjdyst chtlcndf 23 14.450 12.526 9.091Ghjxbt frnbds 24 2.791 1.826 4.330Yfrjgktyyst lj[jls b hfc[jls ,eleob[ gthbjljd 25 7.049 6.840 3.650Dctuj frnbds 550.738 534.024 402.966Frnbds d eghfdktybb 32 3.847 3.847 11.004Dctuj frnbds> b frnbds d eghfdktybb 554.585 537.871 413.970J,zpfntkmcndfJ,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb b <fyrjv Kfndbb 26 45.950 38.442 52.927Ltgjpbns 27 447.678 442.113 302.353"vbnbhjdfyyst j,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv - - 2.915Ghjxbt j,zpfntkmcndf 28 4.868 1.934 5.585Lj[jls ,eleob[ gthbjljd b yfrjgktyyst hfc[jls 3.324 3.070 912Yfrjgktybz lkz j,zpfntkmcnd b gkfnt;tq 29 734 611 345Dctuj j,zpfntkmcndf 502.554 486.170 365.037Ljkz exfcnbz ljxthyb[ rjvgfybq 520 - -Rfgbnfk b htpthdsJgkfxtyysq jcyjdyjq rfgbnfk 30 30.000 30.000 30.000Ythfcghtltktyyfz ghb,skm 17.664 17.854 7.929Dctuj rfgbnfk b htpthds 47.664 47.854 37.929Dctuj j,zpfntkmcndf> rfgbnfk b htpthds 550.738 534.024 402.966J,zpfntkmcndf d eghfdktybb 32 3.847 3.847 11.004Dctuj j,zpfntkmcndf> rfgbnfk b htpthds> b j,zpfntkmcndf d eghfdktybb 554.585 537.871 413.970Dyt,fkfycjdst j,zpfntkmcndfDjpvj;yst j,zpfntkmcndf 31 9.801 9.520 37.194Abyfycjdst j,zpfntkmcndf 31 20.467 21.662 13.519Cltkrb gj j,vtye dfk/ns 31 40.912 47.127 48.222Lheubt abyfycjdst bycnhevtyns 31 14.754 14.754 7.148

Abyfycjdst jnxtns> ghbdtltyyst yf cnhfybwf[ 44 – 78> endth;ltys herjdjlcndjv <fyrf> jn bvtyb rjnjhjuj gjlgbcfkbcm%



45




JNXTN J< BPVTYTYBZ{ D RFGBNFKT B HTPTHDF{ PF 2000 B 1999 UJLS

Bpvtytybz d rfgbnfkt b htpthdf[ <fyrf jnhf;tys cktle/obv j,hfpjv%

Jgkfxtyysq Ythfcghtlt- Dctuj jcyjdyjq ktyyfz rfgbnfk b

rfgbnfk ghb,skm htpthdsLVL ’000 LVL ’000 LVL ’000

Jcnfnjr yf 1 zydfhz 1999 30.000 3.752 33.752Ghb,skm pf 1999 ujl - 4.177 4.177

Jcnfnjr yf 1 zydfhz 2000 30.000 7.929 37.929Dsgkfxtyyst lbdbltyls - !100@ !100@Ghb,skm pf 2000 ujl - 10.025 10.025

Jcnfnjr yf 31 ltrf,hz 2000 30.000 17.854 47.854

Cktle/ofz nf,kbwf jnhf;ftn cjukfcjdfybt rfgbnfkf b htpthdjd vt;le <fyrjv b Uheggjq gj cjcnjzyb/ yf 31 ltrf,hz 2000%

Jgkfxtyysq Ythfcghtlt- Dctuj jcyjdyjq ktyyfz rfgbnfk b

rfgbnfk ghb,skm htpthdsLVL ’000 LVL ’000 LVL ’000

Jcnfnjr <fyrf 30.000 17.854 47.854Ytufnbdysq cj,cndtyysq rfgbnfk ljxthytuj ghtlghbznbz - !190@ !190@Jcnfnjr Uheggs 30.000 17.664 47.664


46

JNXTN J LDB:TYBB LTYT:YS{ CHTLCND PF 2000 B 1999 UJLS

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Ghbvtxfybt Uheggf <fyr <fyrLdb;tybt ltyt;ys[ chtlcnd d htpekmnfnt jcyjdyjq ltzntkmyjcnb

Ghb,skm lj hfcxtnf yfkjujd b ljkb exfcnbz ljxthyb[ rjvgfybq 11.288 11.334 4.614Fvjhnbpfwbz ytvfnthbfkmys[ frnbdjd b bpyjc jcyjdys[ chtlcnd 2.925 2.825 2.495E,snrb#!ghb,skm@ jn htfkbpfwbb jcyjdys[ chtlcnd 80 80 !41@Edtkbxtybt#!evtymitybt@ yfrjgktybq lkz cjvybntkmys[ ljkujd !3.359@ !4.012@ 5.590E,snrb jn gthtjwtyrb gjpbwbq d byjcnhfyyjq dfk/nt 6 181 198 1.799!Ghb,skm@#e,snrb jn gthtjwtyrb ljkujchjxys[ bydtcnbwbq 217 562 !1.012@!Edtkbxtybt@ hfc[jljd ,eleob[ gthbjljd b yfrjgktyyst lj[jls !3.082@ !2.869@ !1.161@!Edtkbxtybt@#evtymitybt ghjxb[ frnbdjd 528 1.493 !1.009@Edtkbxtybt lj[jljd ,eleob[ gthbjljd b yfrjgktyys[ hfc[jljd 2.412 2.158 87Edtkbxtybt yfrjgktybq lkz j,zpfntkmcnd b gkfnt;tq 323 200 79!Evtymitybt@ ghjxb[ j,zpfntkmcnd !1.326@ !4.260@ !4.046@Ljkz exfcnbz ljxthyb[ rjvgfybq 566 - -

Edtkbxtybt ltyt;ys[ chtlcnd b b[ 'rdbdfktynjdlj bpvtytybq frnbdjd b j,zpfntkmcnd 10.753 7.709 7.395

Evtymitybt rhfnrjchjxys[ bydtcnbwbq 7.827 7.881 26.857!Edtkbxtybt@#evtymitybt nht,jdfybq r rhtlbnysv exht;ltybzv 354 1.632 !66.534@!Edtkbxtybt@ rhtlbnjd b fdfycjd yt-,fyrfv !57.482@ !45.388@ !8.374@Edtkbxtybt#!evtymitybt@ j,zpfntkmcnd gthtl rhtlbnysvb exht;ltybzvb 741 !7.408@ 16.907Edtkbxtybt ltgjpbnjd 145.325 139.760 85.154

Edtkbxtybt ltyt;ys[ chtlcnd b b[ 'rdbdfktynjd d htpekmnfnt jcyjdyjq ltzntkmyjcnb lj yfkjuf yf ghb,skm 107.518 104.186 61.405

Yfkju yf ghb,skm 317 317 !337@Edtkbxtybt ltyt;ys[ chtlcnd b b[ 'rdbdfktynjdd htpekmnfnt jcyjdyjq ltzntkmyjcnb 107.835 104.503 61.068Ldb;tybt ltyt;ys[ chtlcnd d htpekmnfnt jcyjdyjq bydtcnbwbjyyjq ltzntkmyjcnb

!Ghbj,htntybt@ ytvfnthbfkmys[ frnbdjd b jcyjdys[ chtlcnd !9.797@ !7.625@ !2.963@Htfkbpfwbz jcyjdys[ chtlcnd 163 163 130!Ghbj,htntybt@ ljktq exfcnbz d rfgbnfkt ghjxb[ rjvgfybq

b ghjxbt ljkujchjxyst bydtcnbwbb !78.241@ !78.354@ !38.270@!Evtymitybt@ ltyt;ys[ chtlcnd b b[ 'rdbdfktynjd d htpekmnfnt jcyjdyjq bydtcnbwbjyyjq ltzntkmyjcnb !87.875@ !85.816@ !41.103@Edtkbxtybt#!evtymitybt@ ltyt;ys[ chtlcnd d htpekmnfnt abyfycjdjq ltzntkmyjcnb

Dsgecr#!gjufitybt@ j,kbufwbq !2.915@ !2.915@ 2.915!Dsgkfnf@ lbdbltyljd !100@ !100@ -

!Evtymitybt@#edtkbxtybt ltyt;ys[ chtlcnd b b[ 'rdbdfktynjd d htpekmnfnt abyfycjdjq ltzntkmyjcnb !3.015@ !3.015@ 2.915Edtkbxtybt ltyt;ys[ chtlcnd b b[ 'rdbdfktynjd d jnxtnyjv ujle 16.945 15.672 22.880Ltyt;yst chtlcndf b b[ 'rdbdfktyns yf yfxfkj ujlf 33 35.381 35.381 14.300

!E,snrb@ jn gthtjwtyrb gjpbwbq d byjcnhfyyjq dfk/nt 6 !181@ !198@ !1.799@Ltyt;yst chtlcndf b b[ 'rdbdfktyns yf rjytw ujlf 33 52.145 50.855 35.381


47

GHBVTXFYBZ R ABYFYCJDSV JNXTNFV PF 2000 B 1999 UJLS

GHBVTXFYBT 1 JCYJDYFZ BYAJHVFWBZ

!Wbahs> erfpfyyst d crj,rf[> cjjndtncnde/n lfyysv yf 31 ltrf,hz 1999 ujlf.@

FJ Parekss banka !d lfkmytqitv – <fyr@ ,skj pfhtubcnhbhjdfyj rfr frwbjythyjt j,otcndj 14 vfz 1992 ujlf. <fyr yfxfk cdj/ ltzntkmyjcnm d b/yt 1992 ujlf.

Wtynhfkmysq jabc <fyrf b nhb ukfdys[ abkbfkf hfcgjkj;tys d Hbut> d Kfndbb. Yf 31 ltrf,hz 2000 ujlf <fyr bvtk 93 !71@ abkbfkf b hfcxtnyst uheggs d Hbut bKfndbb. <fyr nfr;t bvttn ghtlcnfdbntkmcndf dj Ahfyraehnt !Uthvfybz@ b Rbtdt !Erhfbyf@.

Ukfdysvb yfghfdktybzvb ltzntkmyjcnb <fyrf zdkz/ncz ghbtv ltgjpbnjd> ghtljcnfdktybt rhfnrjchjxys[ b ljkujchjxys[ rhtlbnjd Ujcelfhcndtyyjve Rfpyfxtqcnde>vtcnysv cfvjeghfdktybzv> rjhgjhfnbdysv rkbtynfv> abpbxtcrbv kbwfv b lheubv rhtlbnysv exht;ltybzv> ghtljcnfdktybt eckeu abyfycjdjuj kbpbyuf b j,vtyfdfk/n. <fyr nfr;t ghtljcnfdkztn eckeub eghfdktybz ajylfvb b bydtcnbwbjyyjq ltzntkmyjcnm/ b dsgjkyztn vtcnyst b vt;leyfhjlyst ltyt;yst gthtdjls.

Yf 31 ltrf,hz 2000 ujlf d <fyrt yfcxbnsdfkjcm jrjkj 1.150 !950@ cke;fob[> tuj eckeub bcgjkmpjdfkb 5.650 !4.350@ rkbtynjd> dpzdib[ rhtlbns> 3.400 !3.250@ rkbtynjd>bcgjkmpe/ob[ eckeub abyfycjdjuj kbpbyuf> 87.650 !63.650@ lth;fntktq hfcxtnys[ rfhn b 88.750 !59.850@ ltgjpbnys[ rkbtynjd. Jcyjdysvb frwbjythfvb <fyrfzdkz/ncz% Europe Holding Ltd., xfcnyfz rjvgfybz> pfhtubcnhbhjdfyyfz yf jcnhjdt V'y> Dfkthbq Rfhuby b Dbrnjh Rhfcjdbwrbq !cv. ghbvtxfybt 30@.

<fyr jceotcndkztn gjlujnjdre r ghbdktxtyb/ d ,kb;fqitv ,eleotv cnhfntubxtcrjuj bydtcnjhf.

GHBVTXFYBT 2{FHFRNTHBCNBRF "RJYJVBRB B <FYRJDCRJQ JNHFCKB D KFNDBB

Ltyt;yfz tlbybwf Kfndbb - kfn !LVL@ cdj,jlyj rjydthnbhetncz gj jnyjityb/ r ,jkmibycnde lheub[ dfk/n ,tp rjynhjkz pf j,vtyjv dfk/ns. <fyr Kfndbb rehcj,vtyf kfnf ghbrhtgbk r hfcxtnyjq tlbybwt Vt;leyfhjlyjuj Dfk/nyjuj Ajylf - Cgtwbfkmysv ghfdfv pfbvcndjdfybz !SDR@. Ds,hfyysq <fyrjv Kfndbb vt[fybpvghbrhtgktybz kfnf r SDR j,tcgtxbdftn tuj jnyjcbntkmye/ ecnjqxbdjcnm b ghtlcrfpetvjcnm.

Jabwbfkmysq j,vtyysq rehc kfnf> ecnfyjdktyysq <fyrjv Kfndbb gj jnyjityb/ r dtleobv dfk/nfv> ghbdtlty yb;t%

USD EUR GBP RUB SDR

Yf 31 ltrf,hz 2000 LVL 1>00= 1>631 1>754 1>091 46>296 1>250Yf 31 ltrf,hz 1999 LVL 1>00= 1>715 1>702 1>062 46>948 1>250

D ntxtybt jnxtnyjuj ujlf j,vtyysq rehc byjcnhfyys[ dfk/n gj jnyjityb/ r kfne bpvtyzkcz> htfubhez yf bpvtytybz dfk/nyjuj rehcf yf vbhjds[ hsyrf[. Rehc kfnfgj jnyjityb/ r ljkkfhe CIF d 2000 ujle pyfxbntkmyj gjybpbkcz d cdzpb c gfltybtv rehcf j,vtyf tdhj r ljkkfhe CIF> d nj ;t dhtvz gjdscbdibcm gj jnyjityb/ rtdhj.

Ghbybvfz dj dybvfybt pyfxbntkmyjt gjyb;tybt j,vtyyjuj rehcf vfhrb gj jnyjityb/ r ljkkfhe CIF> yfxfdittcz d 1996 ujle> f nfr;t gjyb;tybt rehcf tdhj gjjnyjityb/ r ljkkfhe CIF> yfxbyfz c 1 zydfhz 2001 ujlf> Vt;leyfhjlysq Dfk/nysq Ajyl ecnfyjdbk yjde/ vtnjlbre hfcxtnf SDR. Cjjndtncndtyyj ntgthm kfn,jktt> xtv hfymit> ,eltn cdzpfy c bpvtytybzvb rehcf tdhj.

RHTLBNYST EXHT:LTYBZ D 2000 UJLE

Yf 31 ltrf,hz 2000 ujlf d Kfndbb ltqcndjdfkj 22 ,fyrf> 17 c,thtufntkmys[ exht;ltybq b jlyj ghtlcnfdbntkmcndj byjcnhfyyjuj ,fyrf d Hbut !Dresdner Bank@.

<fyrjdcrbq ctrnjh zdkztncz jlyjq bp yfb,jktt hfpdbns[ jnhfcktq 'rjyjvbrb d Kfndbb b ntv cfvsv ghtlcnfdkztn bynthtc lkz pfhe,t;ys[ bydtcnjhjd. Gjcktlyttgjlndth;lftncz bydtcnbwbzvb ytcrjkmrb[ byjcnhfyys[ ,fyrjd d jcyjdyjq rfgbnfk kfndbqcrb[ ,fyrjd% Swedbank> Skandinaviska Enskilda Banken> Vereins-undWestbank> Norddeutsche Landesbank. Ghjuyjpbhetncz> xnj d ,kb;fqitv ,eleotv byjcnhfyyst ,fyrb cnfyen cnhfntubxtcrbvb bydtcnjhfvb tot ytcrjkmrb[kfndbqcrb[ ,fyrjd.

Bpvtytybz d kfndbqcrjv ,fyrjdcrjv ctrnjht ghfrnbxtcrb pfdthitys. <jkmibycndj ,fyrjd zdkz/ncz xfcnysvb. Ujcelfhcndj dkflttn njkmrj jlybv ,fyrjv> b totjlby ,fyr xfcnbxyj ghbyflkt;bn ujcelfhcnde. Ghbdfnbpfwbjyysq ghjwtcc 'njuj ,fyrf tot yt pfdthity. Yf rjytw 2000 ujlf ljkz ujcelfhcndf d ,fyrjdcrjv ctrnjhtcjcnfdkzkf 3>7fi. Xtnsht rhegytqib[ ,fyrf lth;fn 60fi j,ob[ frnbdjd dct[ ,fyrjd& rjywtynhfwbz frnbdjd d 10 rhegytqib[ ,fyrf[ cjcnfdkztn 80fi.

D ntxtybt 2000 ujlf ukfdyjq ntyltywbtq kfndbqcrjuj ,fyrjdcrjuj ctrnjhf ,skj tuj ecbktybt b ecnjqxbdjt hfpdbnbt. <jkmifz xfcnm ,fyrjd ecgtiyj ghtjljktkbytufnbdyjt dkbzybt hjccbqcrjuj abyfycjdjuj rhbpbcf> b dct ltqcnde/obt ,fyrb edtkbxbkb ehjdtym vbybvfkmyjuj cj,cndtyyjuj rfgbnfkf dsit 5 vbkkbjyjd tdhj>xnj d cjjndtncndbb c pfrjyjv `J rhtlbnys[ exht;ltybz[$ zdkztncz vbybvfkmysv cj,cndtyysv rfgbnfkjv.

D b/yt 2000 ujlf gfhkfvtyn Kfndbqcrjq Htcge,kbrb !Ctqv@ ghbyzk pfrjy `J rjvbccbb gj hsyrfv abyfycjd b rfgbnfkf$> rjnjhsq ghtlecvfnhbdftn c 1 b/kz 2001 ujlfj,(tlbytybt nht[ exht;ltybq> htuekbhe/ob[ hsyrb abyfycjd b rfgbnfkf !<fyrf Kfndbb> Rjvbccbb gj hsyre wtyys[ ,evfu b Ujcelfhcndtyyjq bycgtrwbb gj yflpjhecnhf[jdfybz@> d Rjvbccb/ gj hsyrfv abyfycjd b rfgbnfkf. Tt pflfxtq ,eltn zdkznmcz yflpjh pf exfcnybrfvb hsyrjd abyfycjd b rfgbnfkf. Nfrbv j,hfpjv> Kfndbzcnfkf jlyjq bp gthds[ cnhfy Djcnjxyjq Tdhjgs> d rjnjhjq ltqcndetn tlbyfz cbcntvf yflpjhf yfl hsyrjv abyfycjds[ eckeu.

"RJYJVBXTCRFZ J<CNFYJDRF D KFNDBB

D ntxtybt gjcktlyb[ ktn vjytnfhyfz b abcrfkmyfz gjkbnbrf cgjcj,cndjdfkf ghjlernbdysv ghtj,hfpjdfybzv d kfndbqcrjq 'rjyjvbrt> b Kfndbz cnfkf jlyjq bpyfb,jktt ecgtiyj hfpdbdf/ob[cz cnhfy Wtynhfkmyjq b Djcnjxyjq Tdhjgs. Ghtjljktd gjcktlcndbz hjccbqcrjuj rhbpbcf> 'rjyjvbrf Kfndbb d 2000 ujle gtht;bdfkfcdjq gjl(tv ghfrnbxtcrb dj dct[ df;ytqib[ jnhfckz[ 'rjyjvbrb.

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D ntxtybt ltdznb vtczwtd 2000 ujlf DDG Kfndbb dshjc yf 5>4fi gj chfdytyb/ c nfrbv ;t gthbjljv d ghtlsleotv ujle. Ldt nhtnb pnjuj ghbhjcnf j,tcgtxbkjhfpdbnbt caths eckeu b jlye nhtnm – hfpdbnbt ghjbpdjlcndtyyjq jnhfckb. Ghbybvfz dj dybvfybt ghbhjcn caths eckeu b tt hfpdbnbt d ntxtybt gjcktlyb[ nht[vtczwtd 2000 ujlf> vj;yj ghjuyjpbhjdfnm> xnj DDG d wtkjv pf 2000 ujl vj;tn ljcnbuyenm 5>5-5>7fi. D jnxtnyjv gthbjlt ,/l;tnysq ltabwbn cjcnfdbk 2>75fi jn DDG.

Jlyjdhtvtyyj c hjcnjv 'rjyjvbrb> pyfxbntkmyj dshjckb b j,(tvs dytiytq njhujdkb. Nfr> d 2000 ujle j,(tv 'rcgjhnf edtkbxbkcz yf 12fi> f bvgjhnf yf 12>2fi.Ytcvjnhz yf nj> xnj bvgjhn dct tot yf 70fi ghtdsiftn 'rcgjhn> d gjcktlybt ytcrjkmrj ktn gjzdbkfcm ntyltywbz r evtymityb/ j,(tvf bvgjhnbhetvs[ njdfhjd> xnj,kfujndjhyj dkbztn yf ekexitybt ,fkfycf dytiytq njhujdkb.

D ntxtybt gthds[ ltdznb vtczwtd 2000 ujlf ltabwbn kfndbqcrjuj ntreotuj cxtnf cjcnfdbk 5>6fi jn DDG> b ghjuyjpbhetncz> xnj yf rjytw jnxtnyjuj ujlf 'nf wbahfcjcnfdbn jrjkj 8fi. Nfr;t vj;yj jnvtnbnm nfre/ gjpbnbdye/ ntyltywb/> rfr ghbnjr ghzvs[ byjcnhfyys[ bydtcnbwbq. D ntxtybt gjcktlyb[ ktn byjcnhfyystbydtcnbwbb jcnfdfkbcm yf chfdybntkmyj cnf,bkmyjv ehjdyt b cjcnfdkzkb 5>5fi jn DDG> gjrhsdfz ,jktt gjkjdbys ltabwbnf ntreotuj cxtnf.

D ntxtybt 2000 ujlf byltrc wty yf gjnht,bntkmcrbt njdfhs dshjc yf 1>8fi b chtlybq ehjdtym byakzwbb cjcnfdbk d chtlytv 2>6fi. D ntxtybt jnxtnyjuj ujlf ehjdtym,tphf,jnbws gjybpbkcz c 9>1fi d yfxfkt ujlf lj 7>8fi yf tuj rjytw.

Ljrfpfntkmcndjv njve> xnj 'rjyjvbxtcrbt htajhvs d Kfndbb ghj[jlzn ecgtiyj> cke;fn rhtlbnyst htqnbyub dtleob[ pfhe,t;ys[ htqnbyujds[ futyncnd.

D ctynz,ht 2000 ujlf vt;leyfhjlyjt rhtlbnyjt futyncndj Standard & Poor’s j,yjdbkj htqnbyub lkz Kfndbb> cj[hfybd b[ yf ghtlsleotv ehjdyt – BBB lkzljkujchjxys[ rhtlbnjd d byjcnhfyyjq dfk/nt b htqnbyu F lkz ljkujchjxys[ rhtlbnjd> ltyjvbybhjdfyys[ d kfnf[. <eleobt ghjuyjps lkz hfpdbnbz Kfndbbjwtybdf/ncz rfr cnf,bkmyst !a stable outlook@. Htqnbyu rhfnrjchjxys[ dfk/nys[ rhtlbnjd jwtybdftncz rfr F-3> d nj dhtvz rfr rhfnrjchjxys[ rhtlbnjd dyfwbjyfkmyjq dfk/nt% F-2.

Standard & Poor's jnvtnbk> xnj ujcelfhcndtyysq ljku Kfndbb b ehjdtym abcrfkmyjuj ltabwbnf cnf,bkmys b ljcnfnjxyj ybprb. D jwtyrt jnvtxftncz> xnj d Kfndbbcnf,bkmyfz dfk/nf b rjycthdfnbdyfz abyfycjdfz gjkbnbrf> rjnjhfz ,kfujghbzncndetn cj[hfytyb/ byakzwbb yf ybprjv ehjdyt> hjcne hsyrf rfgbnfkf b edtkbxtyb/chjrf gjufitybz ujcelfhcndtyys[ wtyys[ ,evfu.

D 2000 ujle vt;leyfhjlyjt rhtlbnyjt htqnbyujdjt futyncndj Fitch nfr;t gjlndthlbkj htqnbyu lkz ljkujchjxys[ b rhfnrjchjxys[ rhtlbnjd d byjcnhfyyjq dfk/ntBBB b F3 cjjndtncndtyyj> f nfr;t htqnbyu F lkz ljkujchjxys[ rhtlbnjd d yfwbjyfkmyjq dfk/nt. Rhtlbnyst htqnbyub futyncndf Moody’s cktle/obt% lkzljkujchjxys[ ghfdbntkmcndtyys[ j,kbufwbq F2> f lkz ljkujchjxys[ rhtlbnjd d byjcnhfyyjq dfk/nt – Baa2.

GHBVTXFYBT 3DF:YTQIBT GHBYWBGS EXTNF

<fyr dtltn ,e[ufknthcrbq extn b cjcnfdkztn ghtlecvjnhtyyst pfrjyjlfntkmcndjv abyfycjdst jnxtns d kfnf[ d cjjndtncndbb c vtnjlfvb b j,otghbpyfyyjqghfrnbrjq> bcgjkmpetvsvb kfndbqcrbvb ,fyrfvb cjukfcyj nht,jdfybzv <fyrf Kfndbb b ghjxbv pfrjyjlfntkmysv frnfv> jnyjczobvcz r rhtlbnysv exht;ltybzv.Yfcnjzobt abyfycjdst jnxtns cjlth;fn ytrjnjhst bpvtytybz gj jnyjityb/ r t;tvtczxyjve jnxtne <fyrf> ghtljcnfdktyyjve <fyre Kfndbb yf 31 ltrf,hz 2000ujlf.

D cdzpb c ntv> xnj 'nj ,sk gthdsq ujl> rjulf ,skb gjlujnjdktys rjycjkblbhjdfyyst abyfycjdst jnxtns Uheggs> jnltkmyj dpznst gjrfpfntkb <fyrf pf 1999 ujl ,skbbcgjkmpjdfys lkz chfdytybz c gjrfpfntkzvb Uheggs pf 2000 ujl.

Yb;t jnhf;tys df;ytqibt ghbywbgs extnf> gjcktljdfntkmyj ghbvtyztvst d ntxtybt 2000 b 1999 ujljd !tckb yt erfpfyj byjt@.

F@ DFK?NF> BCGJKMPETVFZ GHB GJLUJNJDRT ABYFYCJDS{ JNXTNJD

Abyfycjdsq jnxtn cjcnfdkty d nsczxf[ kfnjd !LVL@.

<@ JCYJDS EXTNF

Lfyyst abyfycjdst jnxtns gjlujnjdktys yf jcyjdt htubcnhjd extnf> cjcnfdktyys[ d gjhzlrt> jghtltktyyjv pfrjyjlfntkmcndjv. "nb htubcnhs extnf gjlujnjdktys dcjjndtncndbb c jcyjdysv ghbywbgjv jwtyrb gj gthdjyfxfkmyjq cnjbvjcnb> drk/xfz gthtjwtyre> bcghfdktybz b gthtrkfccbabrfwb/ jnltkmys[ cnfntq ,fkfycf>jceotcndktyys[ lkz njuj> xnj,s yfcnjzobt abyfycjdst jnxtns ,skb ghtlcnfdktys d cjjndtncndbb c Vt;leyfhjlysvb ,e[ufknthcrbvb cnfylfhnfvb !V<C@.

D@ JCYJDF LKZ RJYCJKBLFWBB

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr bvttn ytcrjkmrj rfgbnfkjdkj;tybq d ljxthybt rjvgfybb> ult <fyr ghzvj bkb rjcdtyyj dkflttn ,jktt xtv 50fi frwbq bghfdf ujkjcf. <jktt gjlhj,yfz byajhvfwbz j ljxthyb[ rjvgfybz[ <fyrf ghtlcnfdktyf d ghbvtxfybb 20.

Ljxthybt rjvgfybb <fyrf jnhf;tys d lfyys[ abyfycjds[ jnxtnf[> bcgjkmpez vtnjl extnf cj,cndtyyjuj rfgbnfkf. Abyfycjdst jnxtns FJ Parekss banka b tujljxthyb[ rjvgfybq FJ Parex Bankas> ,tcghb,skmyjuj FJ gtycbjyyjuj ajylf Atklåtais pensiju fonds – Sociålais nodroßinåjums> JJJ Parekss Lîzings brjcdtyyj rjynhjkbhetvjq rjvgfybb PFJ Parex Lizingas rjycjkblbhjdfys d abyfycjds[ jnxtnf[ Uheggs gentv crkflsdfybz gjlj,ys[ cnfntq ,fkfycf> f nfr;tlj[jljd b hfc[jljd. D nt[ rjvgfybz[> ult rjynhjkmysq gfrtn frwbq ,sk ghbj,htnty d ntxtybt jnxtnyjuj ujlf> d rjycjkblbhjdfyyst abyfycjdst jnxtns Uheggs ,skbdrk/xtys njkmrj lj[jls b hfc[jls> jnyjczobtcz r gthbjle gjckt ghbj,htntybz. D wtkz[ cjcnfdktybz rjycjkblbhjdfyys[ jnxtnjd> jcnfnrb b nhfycfrwbb vt;lexktyfvb Uheggs> nfrbt rfr ghjwtynyst lj[jls b hfc[jls b ythtfkbpjdfyyst ghb,skm b e,snrb> j,hfpjdfdibtcz d htpekmnfnt nhfycfrwbq vt;le xktyfvb Uheggs>bcrk/xtys bp abyfycjds[ jnxtnjd Uheggs.

Herjdjlcndj <fyrf cxbnftn> xnj ghjxbt ljxthybt rjvgfybb yt zdkz/ncz ceotcndtyysvb lkz lfyys[ abyfycjds[ jnxtnjd Uheggs> d cdzpb c xtv rjycjkblfwbz 'nb[ljxthyb[ rjvgfybq yt ,skf ghjdtltyf. Bydtcnbwbb <fyrf d ghjxbt ljxthybt rjvgfybb jnhf;tys d abyfycjds[ jnxtnf[ Uheggs> bcgjkmpez vtnjl extnf cj,cndtyyjujrfgbnfkf !cv. 1 gfhfuhfa@.

U@ GHBPYFYBT LJ{JLJD B HFC{JLJD

Ghjwtynyst lj[jls b hfc[jls exbnsdf/ncz> jcyjdsdfzcm yf ghbywbgt cjplfybz yfrjgktybq. Ghjwtynyst lj[jls yt ghbpyf/ncz gj cjvybntkmysv rhtlbnfv !cv.yb;t geyrn B@ d ckexfz[> rjulf djpybrf/n cjvytybz d djpvj;yjcnb dsgkfns cjjndtncnde/ob[ ghjwtynjd.

Rjvbccbjyyst b ghjxbt jcyjdyst lj[jls b hfc[jls jnhf;f/ncz d cjjndtncnde/ob[ cnfnmz[ jnxtnf j ghb,skb b e,snrf[ d vjvtyn jceotcndktybz cjjndtncnde/otqcltkrb.

49

L@ GTHTJWTYRF BYJCNHFYYS{ DFK?N

Jgthfwbb d byjcnhfyyjq dfk/nt gthtjwtybdf/ncz d kfns gj jabwbfkmyjve j,vtyyjve rehce byjcnhfyys[ dfk/n> ltqcnde/otve d ltym jgthfwbb. Vjytnfhystfrnbds b j,zpfntkmcndf d byjcnhfyyjq dfk/nt gthtjwtybdf/ncz d kfns gj jabwbfkmyjve rehce j,vtyf byjcnhfyyjq dfk/ns> ltqcnde/otve yf rjytw ujlf. Ghb,skmbkb e,snrb> gjytctyyst d htpekmnfnt bpvtytybq j,vtyyjuj rehcf byjcnhfyyjq dfk/ns> drk/xf/ncz d jnxtn j ghb,skb b e,snrf[ rfr ghb,skm bkb e,snrb jngthtjwtyrb gjpbwbq byjcnhfyyjq dfk/ns.

T@ YFKJUB

Yfkju yf ghb,skm hfccxbnsdftncz d hfpvtht 25fi jn j,kfuftvs[ yfkjujv lj[jljd <fyrf> gjkextyys[ d cjjndtncnde/obq yfkjujdsq gthbjl.

Lkz ghbdktxtybz byjcnhfyys[ bydtcnbwbq d Kfndb/ yfkjujdst exht;ltybz Kfndbb ghbcdjbkb yfkjujdst kmujns ntv rjvgfybzv> d rjnjhs[ byjcnhfyysq rfgbnfkcjcnfdkztn ,jkmibycndj> d gjybvfybb kfndbqcrjuj pfrjyjlfntkmcndf> b rjnjhst pfhtubcnhbhjdfys d Htubcnht ghtlghbznbq Kfndbqcrjq Htcge,kbrb lj 1 fghtkz 1995ujlf. D htpekmnfnt 'njuj <fyr hf,jnftn c yfkjujdjq kmujnjq d 50fi b ljk;ty gkfnbnm yfkju yf ghb,skm d hfpvtht 12>5fi jn j,kfuftvjuj yfkjujv lj[jlf.

Jnchjxtyysq yfkju yf ghb,skm> djpybribq d htpekmnfnt rhfnrjchjxys[ dhtvtyys[ hfpkbxbq vt;le jnltkmysvb gjpbwbzvb d yfkjujds[ ltrkfhfwbz[> extnys[htubcnhf[ <fyrf b lfyys[ abyfycjds[ jnxtnf[> hfccxbnfy> bcgjkmpez vtnjl j,zpfntkmcnd. Lkz hfcxtnf jnchjxtyyjuj yfkjuf yf ghb,skm bcgjkmpetncz ceotcnde/ofzyf lfyysq vjvtyn cnfdrf yfkjuf yf ghb,skm. Ukfdyst rhfnrjchjxyst dhtvtyyst hfpkbxbz djpybrf/n d htpekmnfnt bcgjkmpjdfybz d abyfycjdjv extnt b hfcxtntyfkjujds[ j,zpfntkmcnd hfpkbxys[ yjhv bpyjcf jcyjdys[ chtlcnd> f nfr;t hfpkbxyjuj hfccvjnhtybz cjplfyys[ j,ob[ yfrjgktybq b htpthdf yf jngecrf hf,jnybrjd.

:@ RHTLBNS RKBTYNFV

Rhtlbns jnhf;f/n jcyjdye/ cevve ytdjpdhfotyys[ rhtlbnjd> pf dsxtnjv yfrjgktybq lkz djpvj;ys[ e,snrjd gj rhtlbnfv.

P@ KBPBYU

Nht,jdfybz b j,zpfntkmcndf> dsntrf/obt bp ljujdjhjd gj kbpbyue> d yfxfkt fhtyls erfpsdf/ncz rfr frnbds b j,zpfntkmcndf> rjnjhst jnhf;tys gj yfbvtymitq bpbcnbyyjq cnjbvjcnb fhtyletvjuj bveotcndf bkb ntreotq dtkbxbys vbybvfkmys[ fhtylys[ gkfnt;tq. Lj[jls jn abyfycjdjuj kbpbyuf ghbpyf/ncz d ntxtybt dctujfhtylyjuj ljujdjhf> j,tcgtxbdfz gjcnjzyye/ b htuekzhye/ jnlfxe jn jcnfnjxyjq cnjbvjcnb bydtcnbwbq.

Lkz ye;l lfyys[ abyfycjds[ jnxtnjd nht,jdfybz> dsntrf/obt bp ljujdjhjd gj kbpbyue> drk/xtys d cnfnm/ ,fkfycf rhtlbns b fdfycs yt-,fyrfv.

Gkfnt;b pf jgthfwbjyysq kbpbyu drk/xf/ncz d jnxtn j ghb,skb b e,snrf[ yf ghjnz;tybb dctuj gthbjlf ljujdjhf fhtyls> bcgjkmpez kbytqysq vtnjl.

B@ YFRJGKTYBZ LKZ CJVYBNTKMYS{ LJKUJD

Cjvybntkmysvb rhtlbnfvb> drk/xfz rhtlbns> dslfyyst rhtlbnysv exht;ltybzv> cxbnf/ncz rhtlbns b lheubt rhtlbnyst jcnfnrb> gj rjnjhsv ghtlecvjnhtyyst dljujdjht gkfnt;b jcyjdyjq cevvs ghjchjxtys ,jktt> xtv yf 14 lytq> gkfnt;b ghjwtynjd ,jktt> xtv yf 90 lytq> f nfr;t nt rhtlbns> gj rjnjhsv e herjdjlcndf <fyrfdjpybrkb cjvytybz j djpvj;yjcnb djpdhfnf ghjwtynjd b jcyjdyjq cevvs.

<fyr dslftn rkbtynfv rhtlbns rjvvthxtcrjuj b gjnht,bntkmcrjuj [fhfrnthf. "rjyjvbxtcrjt gjkj;tybt jnltkmyjuj htubjyf vj;tn gjdkbznm yf cgjcj,yjcnmljk;ybrjd dthyenm dslfyyst bv rhtlbns. Jghtltkzz dtkbxbye yfrjgktybq lkz cjvybntkmys[ ljkujd> herjdjlcndj <fyrf ghbyzkj dj dybvfybt rfr cgtwbabxtcrbq> nfrb j,obq hbcr. Yfrjgktybz lkz cjvybntkmys[ ljkujd jnhf;f/n ghjuyjpbhetve/ cevve djpvj;ys[ e,snrjd d rjywt jnxtnyjuj ujlf. Cgtwbfkmysq 'ktvtyn yfrjgktybqjnyjcbncz r rhtlbnfv> rjnjhst ,skb ghbpyfys cjvybntkmysvb. Cgtwbfkmyst yfrjgktybz gj cjvybntkmysv rhtlbnfv cjplf/ncz> jwtybdfz rf;lsq rhtlbn djnltkmyjcnb> c wtkm/ jghtltkbnm gjntywbfkmyj ytdjpdhfnye/ cevve. J,obt yfrjgktybz cjplf/ncz lkz djpvj;ys[ e,snrjd gj rhtlbnfv> rjnjhst> yf jcyjdtghtlsleotuj jgsnf> vjukb ,s ceotcndjdfnm d rhtlbnyjv gjhnatkt <fyrf> yj rjnjhst tot yt ,skb jghtltktys bylbdblefkmyj.

Rjulf rhtlbn rkfccbabwbhetncz rfr cjvybntkmysq bkb cdzpfyysq c dscjrjq cntgtym/ hbcrf> lkz ytuj cjplf/ncz yfrjgktybz d hfpvtht gjntywbfkmyj ytdjpdhfnyjqcevvs. Cnjbvjcnm pfkjuf> ghbyznjuj d j,tcgtxtybt rhtlbnf> jghtltkztncz> jcyjdsdfzcm yf tuj djpvj;yjq cnjbvjcnb htfkbpfwbb. "nf cnjbvjcnm ghbybvftncz djdybvfybt> jghtltkzz dtkbxbye ytj,[jlbvs[ yfrjgktybq gj rhtlbnfv.

Yfrjgktybz lkz cjvybntkmys[ ljkujd drk/xf/n d ct,z%- cgtwbfkmyst yfrjgktybz gj cjvybntkmysv b cdzpfyysv c dscjrjq cntgtym/ hbcrf rhtlbnfv&- j,obt yfrjgktybz> xnj,s jnhfpbnm pfdbcbvjcnm <fyrf jn%

¤ hbcrf rjywtynhfwbb rhtlbnjd&¤ cnjbvjcnb pfkjujd&¤ lbfgfpjyf djpvj;ys[ vthjghbznbq> rjnjhst ekexibkb ,s abyfycjdjt gjkj;tybt rkbtynjd&¤ j,otq hsyjxyjq cbnefwbb kb,j cj,snbq> djpybrib[ lj bkb gj jrjyxfybb jnxtnyjuj ujlf> jcyjdsdfzcm yf rjnjhs[ cgtwbfkmyst yfrjgktybz tot ytdjpvj;yj jghtltkbnm.

J,obq j,(tv yfrjgktybq jghtltkztncz c extnjv nfrb[ afrnjhjd> rfr ghtlsleobq jgsn <fyrf d ghbpyfybb e,snrjd gj rhtlbnfv b cjplfybb yfrjgktybq> bpdtcnystherjdjlcnde hbcrb> ceotcnde/obt d rhtlbnyjv gjhnatkt> yt,kfujghbznyst j,cnjzntkmcndf> rjnjhst vjukb ,s gjdkbznm yf cgjcj,yjcnm pftvobrjd dthyenm b[ ljkub>cnjbvjcnm pfkjujd b ceotcnde/obt 'rjyjvbxtcrbt eckjdbz> f nfr;t lheubt ceotcndtyyst afrnjhs> rjnjhst dkbz/n yf djpdhfn dslfyys[ rhtlbnjd b cnjbvjcnmpfkjujd. Afrnbxtcrbt e,snrb gj rhtlbnfv vjuen jnkbxfnmcz jn b[ ntreob[ jwtyjr.

Cjplfyyst yfrjgktybz htuekzhyj gthtcvfnhbdf/ncz. Rfr njkmrj djpybrftn ytj,[jlbvjcnm d bpvtytybb 'nb[ yfrjgktybq> d jnxtn j ghb,skb b e,snrf[ pfcjjndtncnde/obq gthbjl drk/xf/ncz ytj,[jlbvst rjhhtrwbb. D cdzpb c ntv xnj ceotcndetn ytbp,t;ysq ytljcnfnjr yflt;yjq byajhvfwbb j abyfycjdjv gjkj;tybbrkbtynjd> ghjbpdtltyyst jwtyrb vjuen ,snm ytljcnjdthysvb. Herjdjlcndj <fyrf jxtym nofntkmyj jwtybkj djpvj;yst e,snrb gj rhtlbnfv b> ghbybvfz dj dybvfybtljcnegye/ byajhvfwb/> cxbnftn> xnj jnhf;tyyst d yfcnjzob[ abyfycjds[ jnxtnf[ yfrjgktybz lkz cjvybntkmys[ ljkujd ljcnfnjxys.

Tckb dslfyyst rhtlbns ytdjpvj;yj dthyenm> b[ cgbcsdf/n yf dyt,fkfycjdst cxtnf> jlyjdhtvtyyj evtymifz yfrjgktybz lkz cjvybntkmys[ ljkujd. Rhtlbns ytcgbcsdf/ncz> gjrf yt jceotcndktys dct ytj,[jlbvst /hblbxtcrbt vthjghbznbz b yt jghtltkty jrjyxfntkmysq j,(tv e,snrjd.

R@ J<KBUFWBB B GHJXBT WTYYST <EVFUB C ABRCBHJDFYYSV LJ{JLJV

Wtyyst ,evfub c abrcbhjdfyysv lj[jljv <fyr ghbj,htnfk rfr d bydtcnbwbjyys[> nfr b d cgtrekznbdys[ wtkz[. Hfcghtltktybt wtyys[ ,evfu vt;le bydtcnbwbjyysvb cgtrekznbdysv gjhnatkzvb jghtltkztncz yfvthtybtv herjdjlcndf <fyrf lth;fnm 'nb bycnhevtyns.

Wtyyst ,evfub c abrcbhjdfyysv lj[jljv> ghbj,htntyyst d bydtcnbwbjyys[ wtkz[> exbnsdf/ncz gj cnjbvjcnb b[ ghbj,htntybz> rjnjhfz crjhhtrnbhjdfyf yffvjhnbpbhjdfyye/ cnjbvjcnm lbcrjynf#ghtvbb. Cnjbvjcnm lbcrjynf bkb ghtvbb fvjhnbpbhetncz gj kbytqyjve vtnjle pf gthbjl c vjvtynf ghbj,htntybz lj vjvtynfgjufitybz. Yfrjgktybz lkz wtyys[ ,evfu c abrcbhjdfyysv lj[jljv cjplf/ncz d ckexft> rjulf e herjdjlcndf <fyrf djpybrf/n cjvytybz gj gjdjle djpdhfnf chtlcnd>bydtcnbhjdfyys[ d 'nb frnbds.

Wtyyst ,evfub c abrcbhjdfyysv lj[jljv> ghbj,htntyyst d cgtrekznbdys[ wtkz[> exbnsdf/ncz gj b[ hsyjxyjq cnjbvjcnb yf rjytw jnxtnyjuj ujlf.

50

K@ FRWBB B GHJXBT WTYYST <EVFUB C YTABRCBHJDFYYSV LJ{JLJV

Bydtcnbwbb d rjnbhetvst yf ,bh;t frwbb b ghbdfnbpfwbjyyst cthnbabrfns> cjdthityyst d cgtrekznbdys[ wtkz[> exbnsdf/ncz gj b[ hsyjxyjq cnjbvjcnb.

Ythtfkbpjdfyyfz ghb,skm bkb e,snrb> djpybribt jn extnf ghbj,htntyys[ d cgtrekznbdys[ wtkz[ rjnbhetvs[ yf ,bh;t frwbq gj b[ hsyjxyjq cnjbvjcnb> pfyjcznczd jnxtn j ghb,skb b e,snrf[ rfr ghb,skm bkb e,snrb jn njhujdkb b gthtjwtyrb wtyys[ ,evfu.

Bydtcnbwbb d frwbb> cjdthityyst d bydtcnbwbjyys[ wtkz[> exbnsdf/ncz gj cnjbvjcnb b[ ghbj,htntybz pf dsxtnjv jnltkmys[ yfrjgktybq> jghtltktyys[ lkz rf;ljqbydtcnbwbb d jnltkmyjcnb d htpekmnfnt ljkujdhtvtyyjuj cyb;tybz cnjbvjcnb wtyys[ ,evfu. Ythtfkbpjdfyyst e,snrb> djpybrf/obt d htpekmnfnt ljkujdhtvtyyjujcyb;tybz cnjbvjcnb frwbq> ghbj,htntyys[ d bydtcnbwbjyys[ wtkz[> pfyjczncz d jnxtn j ghb,skb b e,snrf[ rfr e,snrb jn gthtjwtyrb ljkujchjxys[ bydtcnbwbq.

V@ BYDTCNBWBB D RFGBNFK LJXTHYB{ B CDZPFYYS{ RJVGFYBQ

Bydtcnbwbb d cdzpfyyst rjvgfybb> d rjnjhs[ <fyre ghzvj bkb rjcdtyyj ghbyflkt;bn ,jktt 20fi> yj vtytt 50fi frwbq b ghfdf ujkjcf> exntys d ,fkfyct <fyrf bUheggs d cjjndtncndbb c vtnjljv cj,cndtyyjuj rfgbnfkf. Lfyysq vtnjl extnf zdkztncz yfb,jktt gjl[jlzobv> nfr rfr nfrbt bydtcnbwbb gjpdjkz/n <fyre dkbznm> yjyt gjkyjcnm/ rjynhjkbhjdfnm htitybz> rfcf/obtcz jgthfnbdyjq b abyfycjdjq ltzntkmyjcnb 'nb[ rjvgfybq. D cjjndtncndbb c 'nbv vtnjljv <fyr b Uheggfexbnsdf/n nfrbt bydtcnbwbb d cdzpfyyst rjvgfybb rfr ljkujchjxyst frnbds> exntyyst gj yfxfkmyjq cnjbvjcnb bydtcnbwbq> rjnjhfz crjhhtrnbhjdfyf> ghbybvfz djdybvfybt ljk/ <fyrf b cdzpfyys[ c ybv rjvgfybq d ghb,skb bkb e,snrf[> djpybrib[ gjckt cjdthitybz bydtcnbwbb> b gjkextyyst lbdbltyls. Cjjndtncnde/obtrjhhtrnbds t;tujlyj dyjczncz d jnxtn j ghb,skb b e,snrf[ d cjjndtncndbb c ghjbpjitlibvb d ntxtybt jnxtnyjuj ujlf bpvtytybzvb.

Dsitbpkj;tyysq vtnjl extnf nfr;t bcgjkmpetncz d jnyjitybb ljxthyb[ ghtlghbznbq> rjnjhst yt ,skb rjycjkblbhjdfys d lfyys[ abyfycjds[ jnxtnf[ Uheggs.

Y@ YTVFNTHBFKMYST FRNBDS

Ytvfnthbfkmyst frnbds ghtlcnfdkz/n cj,jq “goodwill” jn ghbj,htntybz ljxthyb[ rjvgfybq> f nfr;t rfgbnfkbpbhjdfyyst pfnhfns yf ghbj,htntybt ghfd fhtyls bghjxbt ytvfnthbfkmyst frnbds. “Goodwill” cgbcsdftncz d ntxtybt 5 ktn gj kbytqyjve vtnjle. Pfnhfns yf fhtyle cgbcsdf/ncz d gthbjl ltqcndbz ljujdjhf j,fhtylt gj kbytqyjve vtnjle. Cnfdrb fvjhnbpfwbb ghjxb[ ytvfnthbfkmys[ frnbdjd dfhmbhe/ncz jn 20fi lj 100fi.

J@ JCYJDYST CHTLCNDF

Jcyjdyst chtlcndf exbnsdf/ncz gj cnjbvjcnb b[ ghbj,htntybz> pf dsxtnjv yfrjgktyyjuj bpyjcf. Tckb hsyjxyfz cnjbvjcnm jcyjdyjuj chtlcndf egfkf yb;t,fkfycjdjq cnjbvjcnb yf gthbjl> rjnjhsq ytkmpz hfccvfnhbdfnm rfr rhfnrjchjxysq> nj ,fkfycjdfz cnjbvjcnm lfyyjuj jcyjdyjuj chtlcndf cgbcsdftncz lj ehjdyzhsyjxyjq cnjbvjcnb.

Fvjhnbpfwbz hfccxbnsdftncz d ntxtybt dctuj chjrf gjktpyjuj bcgjkmpjdfybz jcyjdys[ chtlcnd gjchtlcndjv kbytqyjuj vtnjlf. D hfcxtnt fvjhnbpfwbbbcgjkmpjdfys cktle/obt yjhvs%

Dbl jcyjdys[ chtlcnd Ujljdfz yjhvf bpyjcf

Plfybz 2fiNhfycgjhnyst chtlcndf 20fiGhjxbt jcyjdyst chtlcndf 20fi-33fi

Pfnhfns yf htrjycnherwb/ fhtyletvs[ chtlcnd rfgbnfkbpbhe/ncz b d lfkmytqitv bpyfibdf/ncz d ntxtybt dctuj chjrf gjktpyjuj bcgjkmpjdfybz> ghbvtyzz vtnjlkbytqyjuj yfxbcktybz bpyjcf. Yf jcyjdyst chtlcndf> yf[jlzobtcz d ghjwtcct cnhjbntkmcndf bkb gjlujnjdrb> bpyjc yt yfxbckztncz.

Pfnhfns> jnyjczobtcz r gjregrt b ecnfyjdktyb/ rjvgm/nthys[ ghjuhfvv> jnytctys r uheggt jcyjdys[ chtlcnd. "nb frnbds gthdjyfxfkmyj jwtytys b jnhf;tys d,fkfyct gj cnjbvjcnb b[ ghbj,htntybz. Bpyjc yf 'nb jcyjdyst chtlcndf ,eltn yfxbckznmcz> yfxbyfz c vjvtynf jrjyxfybz bycnfkkzwbb ghjuhfvv d ntxtybt 5 ktn>ghbvtyzz vtnjl kbytqyjuj yfxbcktybz bpyjcf.

Hfc[jls yf cjlth;fybt b htvjyn jcyjdys[ chtlcnd drk/xf/ncz d jnxtn j ghb,skb b e,snrf[ d vjvtyn b[ djpybryjdtybz.

G@ CJUKFITYBZ J GHJLF:T B J<HFNYJQ GJREGRT

Nfrbt cjukfitybz exbnsdf/ncz rfr abyfycjdst jgthfwbb. D ckexft cjukfitybz j ghjlf;t b j,hfnyjq gjregrt> ult <fyr zdkztncz byljccfynjv> gthtlfdftvstfrnbds jcnf/ncz d ,fkfyct <fyrf b exbnsdf/ncz cjukfcyj j,sxysv ,e[ufknthcrbv ghbywbgfv extnf> ghbvtyztvsv <fyrjv> b gjkextyyfz dshexrf exbnsdftncz rfrj,zpfntkmcndj gthtl byljccfnjv.

D ckexft> rjulf <fyr zdkztncz byljccfnjv> frnbds yt drk/xf/ncz d ,fkfyc <fyrf> f gjregyfz wtyf> pfgkfxtyyfz byljccfyne> exbnsdftncz rfr frnbd. Ghjwtynystghb,skm bkb e,snrb> djpybrf/obt d htpekmnfnt jgthfwbq gj ghjlf;t b j,hfnyjq gjregrt> exbnsdf/ncz d jnxtnt j ghb,skb b e,snrf[ yf ghjnz;tybb dctuj gthbjlfltqcndbz cjukfitybz.

H@ ABYFYCJDST BYCNHEVTYNS

GHJBPDJLYST ABYFYCJDST BYCNHEVTYNS

D [jlt t;tlytdyjq rjvvthxtcrjq ltzntkmyjcnb <fyr b tuj ljxthybt rjvgfybb djdktxtys d ajhdfhlyst dfk/nyst cltkrb> dfk/nyst cltkrb “swap”> f nfr;t jgwbjysb ghjxbt abyfycjdst bycnhevtyns.

Gjckt gthdjyfxfkmyjuj ghbpyfybz b jwtyrb> ajhdfhlyst dfk/nyst cltkrb> dfk/nyst cltkrb “swap” b ghjxbt abyfycjdst bycnhevtyns> yt zdkz/obtcz[tl;byujdsvb jgthfwbzvb> exbnsdf/ncz d ,fkfyct gj b[ ntreotq cnjbvjcnb. Eckjdyfz jcyjdyfz cevvf 'nb[ abyfycjds[ bycnhevtynjd erfpfyf yf dyt,fkfycjds[cxtnf[.

Jgwbjys exbnsdf/ncz> ghbybvfz dj dybvfybt bpdtcnyst hsyjxyst wtys b rjnbhjdrb vt;leyfhjlys[ ,hjrthcrb[ abhv. Jgwbjys gj b[ ntreotq wtyt exbnsdf/nczd cnfnmz[ ,fkfycf `ghjxbt frnbds` bkb `ghjxbt j,zpfntkmcndf`. Eckjdyfz jcyjdyfz cevvf jgwbjyjd erfpfyf yf dyt,fkfycjds[ cxtnf[.

Ghb,skm bkb e,snrb> dsntrf/obt bp bpvtytybq ntreotq cnjbvjcnb frnbdjd bkb j,zpfntkmcnd> djpybrf/ob[ d htpekmnfnt ajhdfhlys[ dfk/nys[ cltkjr> dfk/nys[cltkjr “swap” b ghjxb[ abyfycjds[ bycnhevtynjd> yt zdkz/ob[cz [tl;byujdsvb jgthfwbzvb> exbnsdf/ncz d jnxtnt j ghb,skb b e,snrf[ gj vtht djpybryjdtybz.

Ghb,skm bkb e,snrb jn bpvtytybz ntreotq cnjbvjcnb ajhdfhlys[ dfk/nys[ cltkjr> dfk/nys[ cltkjr “swap” b ghjxb[ abyfycjds[ bycnhevtynjd> djpybrf/ob[ dhtpekmnfnt [tl;byujds[ jgthfwbq> erfpsdf/ncz d jnxtnt j ghb,skb b e,snrf[ njulf ;t> rjulf d jnxtnt j ghb,skb b e,snrf[ ghbpyftncz cjjndtncnde/ofz ghb,skmbkb e,snrb jn bpvtytybz ntreotq cnjbvjcnb gjpbwbb> gjkyjcnm/ pfcnhf[jdfyyjq jn gjnthm.

51

GHJXBT DYT<FKFYCJDST J<ZPFNTKMCNDF

D [jlt t;tlytdyjq rjvvthxtcrjq ltzntkmyjcnb <fyr b tuj ljxthybt rjvgfybb djdktxtys dj dyt,fkfycjdst abyfycjdst jgthfwbb> cdzpfyyst c j,zpfntkmcndfvb gjdslfxt rhtlbnjd> j,zpfntkmcndfvb gj dslfyysv ufhfynbzv b jajhvktybtv frrhtlbnbdjd. "nb abyfycjdst j,zpfntkmcndf jnhf;f/ncz d abyfycjds[ jnxtnf[ dvjvtyn pfrk/xtybz cjjndtncnde/ob[ ljujdjhjd. Vtnjljkjubz cjplfybz yfrjgktybq lkz dyt,fkfycjds[ abyfycjds[ j,zpfntkmcnd cjjndtncndetn jgbcfyysv d geyrntB@ ghbywbgfv cjplfybz yfrjgktybq gj rhtlbnfv.

C@ FRNBDS D EGHFDKTYBB

Frnbds> rjnjhsvb <fyr eghfdkztn gj gjhextyb/ xfcnys[ kbw> rjhgjhfnbdys[ rkbtynjd> nhfcnjd b ghjxb[ exht;ltybq> yt hfccvfnhbdf/ncz rfr frnbds <fyrf> d cdzpbc xtv jyb yt jnhf;tys d ,fkfyct <fyrf. Cjukfcyj nht,jdfybzv <fyrf Kfndbb> j,ofz cevvf frnbdjd d eghfdktybb b cjjndtncnde/ofz cevvf j,zpfntkmcnd gthtlrkbtynfvb> xmb chtlcndf yf[jlzncz d eghfdktybb> jnhf;tyf c j,tb[ cnjhjy ,fkfycf.

N@ NTREOFZ CNJBVJCNM ABYFYCJDS{ FRNBDJD B J<ZPFNTKMCND

Ntreofz cnjbvjcnm abyfycjds[ frnbdjd b j,zpfntkmcnd jnhf;ftn rjkbxtcndj ltyt;ys[ chtlcnd> pf rjnjhjt frnbd vj;tn ,snm ghjlfy bkb j,zpfntkmcndf vjuen ,snmgjufitys> jcyjdsdfzcm yf j,otghbyzns[ ghbywbgf[. Tckb> gj vytyb/ <fyrf> ntreofz cnjbvjcnm abyfycjds[ frnbdjd b j,zpfntkmcnd ceotcndtyyj jnkbxftncz jnerfpfyyjq d ,fkfyct> nj ntreofz cnjbvjcnm 'nb[ frnbdjd jnltkmyj erfpsdftncz d ghbvtxfybz[ r abyfycjdsv jnxtnfv.

E@ LTYT:YST CHTLCNDF B B{ "RDBDFKTYNS

Lkz cjcnfdktybz jnxtnf j ldb;tybb ltyt;ys[ chtlcnd ltyt;yst chtlcndf b b[ 'rdbdfktyns jghtltktys rfr ltyt;yst chtlcndf d rfcct b nht,jdfybz ljdjcnht,jdfybz r <fyre Kfndbb b ghjxbv rhtlbnysv exht;ltybzv> pf dsxtnjv j,zpfntkmcnd lj djcnht,jdfybz gthtl ghjxbvb rhtlbnysvb exht;ltybzvb.

GHBVTXFYBT 4GHJWTYNYST LJ{JLS B HFC{JLS

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyrGhjwtynyst lj[jls

- gj nht,jdfybzv r rhtlbnysv exht;ltybzv 4.670 4.656 1.601- gj rhtlbnfv b fdfycfv yt-,fyrfv 19.568 19.015 16.072- gj j,kbufwbzv b ghjxbv ljkujdsv wtyysv ,evfufv c abrcbhjdfyysv lj[jljv 8.485 8.313 4.218

Dctuj ghjwtynyst lj[jls 32.723 31.984 21.891Ghjwtynyst hfc[jls

- gj j,zpfntkmcndfv gthtl rhtlbnysvb exht;ltybzvb !2.175@ !2.034@ !1.189@- gj ltgjpbnfv rkbtynjd !13.316@ !13.250@ !8.207@

Dctuj ghjwtynyst hfc[jls !15.491@ !15.284@ !9.396@Xbcnst ghjwtynyst lj[jls 17.232 16.700 12.495

GHBVTXFYBT 5 RJVBCCBJYYST LJ{JLS B HFC{JLS

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyrRjvbccbjyyst lj[jls

- jn ltyt;ys[ gthtdjljd 5.344 5.310 3.239- jn jgthfwbq c hfcxtnysvb rfhnfvb 2.808 2.805 3.090- jn j,cke;bdfybz hfcxtnys[ cxtnjd 2.474 2.402 1.600- jn jgthfwbq c yfkbxysvb chtlcndfvb 1.361 1.315 874- jn hfccvjnhtybz pfzdjr yf rhtlbns b jwtyrb pfkjujd 603 602 1.120- jn dslfyys[ frrhtlbnbdjd b ufhfynbq 381 381 181- jn jgthfwbq c wtyysvb ,evfufvb 205 205 164- jn byrfccfwbjyys[ eckeu 80 63 61

Dctuj rjvbccbjyyst lj[jls 13.256 13.083 10.329Rjvbccbjyyst hfc[jls

- gj jgthfwbzv c hfcxtnysvb rfhnfvb !1.741@ !1.741@ !1.237@- gj jgthfwbzv c rjhhtcgjyltyncrbvb cxtnfvb !742@ !725@ !471@

Dctuj rjvbccbjyyst hfc[jls !2.483@ !2.466@ !1.708@Xbcnst rjvbccbjyyst lj[jls 10.773 10.617 8.621

52

GHBVTXFYBT 6XBCNFZ GHB<SKM JN JGTHFWBQ C WTYYSVB <EVFUFVB B BYJCNHFYYJQ DFK?NJQ

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ghb,skm jn jgthfwbq gj j,vtye byjcnhfyyjq dfk/ns 3.541 3.420 6.046!E,snrb@ jn gthtjwtyrb gjpbwbq d byjcnhfyyjq dfk/nt !181@ !198@ !1.799@Xbcnfz ghb,skm jn jgthfwbq c byjcnhfyyjq dfk/njq 3.360 3.222 4.247Ghb,skm jn njhujdkb b gthtjwtyrb wtyys[ ,evfu 3.649 3.651 1.314Ghb,skm jn njhujdkb ghjxbvb abyfycjdsvb bycnhevtynfvb 330 329 214Xbcnfz ghb,skm jn jgthfwbq c wtyysvb ,evfufvb b byjcnhfyyjq dfk/njq 7.339 7.202 5.775

GHBVTXFYBT 7GHJXBT LJ{JLS JN JCYJDYJQ LTZNTKMYJCNB

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Gjkextyyst inhfas 349 349 615Gjkextyyst lbdbltyls 291 291 12Lj[jls jn clfxb d fhtyle ctqajds[ zxttr 61 61 67Xbcnst lj[jls jn ghjlf;b lhfujwtyyjcntq 56 56 242Ghjxbt jgthfwbjyyst lj[jls 378 240 336Dctuj ghjxbt jgthfwbjyyst lj[jls 1.135 997 1.272

D 2000 ujle <fyr cjplfk ljxthytt ghtlghbznbt> rjnjhjt gthtyzkj e <fyrf njhujdk/ lhfujwtyysvb vtnfkkfvb b /dtkbhysvb bpltkbzvb. D cdzpb c 'nbvjgthfwbjyyfz ghb,skm jn ghjlf;b /dtkbhys[ bpltkbq b cjjndtncndtyyj pfgfcs pyfxbntkmyj cybpbkbcm gj chfdytyb/ c 1999 ujljv. Gthtl rjywjv ujlfdsitegjvzyenjt ljxthytt ghtlghbznbt ,skj ghjlfyj pf ghtltks Uheggs.

GHBVTXFYBT 8FLVBYBCNHFNBDYST HFC{JLS

Flvbybcnhfnbdyst hfc[jls cjcnjzn bp cktle/ob[ rjvgjytynjd%

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Hfc[jls yf gthcjyfk 8.961 8.430 6.976Htrkfvf> vfhrtnbyu b cgjycjhcndj 2.427 2.405 2.286Cjlth;fybt b htvjyn gjvtotybq 1.693 1.677 1.270Cdzpm !ntktajy> ntktrc> gjxnf@ 1.494 1.460 1.354Rjvfylbhjdrb b ghtlcnfdbntkmcrbt hfc[jls 1.265 1.218 955Rjycekmnfwbb b lheubt ghjatccbjyfkmyst eckeub 972 923 334Fhtylf gjvtotybq 933 806 721Cjlth;fybt fdnjvj,bktq 519 503 426J[hfyf 268 251 270Yfkju yf ytldb;bvjcnm 70 65 146Cnhf[jdfybt 45 38 293Ghjxbt flvbybcnhfnbdyst hfc[jls 248 159 162Dctuj flvbybcnhfnbdyst hfc[jls 18.895 17.935 15.193

53

GHBVTXFYBT 9HFC{JLS YF GTHCJYFK

Hfc[jls yf gthcjyfk drk/xf/n d ct,z pfhf,jnye/ gkfne hf,jnybrjd b cdzpfyyst c ytq cjwbfkmyst dsgkfns> f nfr;t ghjxtt vfnthbfkmyjt djpyfuhf;ltybt.Ghtpbltyn b pfvtcnbntkm ghtlctlfntkz Ghfdktybz yt gjkexf/n djpyfuhf;ltybz pf cdj/ hf,jne. Xktys Cjdtnf <fyrf nfr;t yt gjkexf/n djpyfuhf;ltybz d cdzpb cpfybvftvsvb gjcnfvb.

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Pfhf,jnyfz gkfnf 7.264 6.864 5.529Cjwbfkmyst dsgkfns 1.697 1.566 1.447Dctuj hfc[jls yf gthcjyfk 8.961 8.430 6.976

D lfyys[ abyfycjds[ jnxtnf[ hfc[jls yf gthcjyfk drk/xtys d cnfnm/ `flvbybcnhfnbdyst hfc[jls$.

D ntxtybt 2000 ujlf chtlytt xbckj hf,jnybrjd d <fyrt b Uheggt cjcnfdbkj 1.060 !1999% 955@ b 1.239 cjjndtncndtyyj.

GHBVTXFYBT 10. HFC{JLS GJ YFRJGKTYBZV LKZ CJVYBNTKMYS{ LJKUJD B LJ{JLS JN EVTYMITYBZHFYTT CJPLFYYS{ YFRJGKTYBQ

Yb;t ghtlcnfdkty fyfkbp bpvtytybq yfrjgktybq lkz cjvybntkmys[ ljkujd%2000 2000 1999

LVL ’000 LVL ’000 LVL ’000Uheggf <fyr <fyr

Cgtwbfkmyst yfrjgktybz yf yfxfkj jnxtnyjuj ujlf 13.751 13.751 8.161J,obt yfrjgktybz yf yfxfkj jnxtnyjuj ujlf 2.286 2.286 2.286Dctuj yfrjgktybz yf yfxfkj jnxtnyjuj ujlf 16.037 16.037 10.447Ljgjkybntkmyst cgtwbfkmyst yfrjgktybz jn ghbj,htntybz ljxthyb[ rjvgfybq 620 - -Ljgjkybntkmyst j,obt yfrjgktybz jn ghbj,htntybz ljxthyb[ rjvgfybq 47 - -Dctuj ljgjkybntkmyst yfrjgktybz jn ghbj,htntybz ljxthyb[ rjvgfybq 667 - -Cgtwbfkmyst yfrjgktybz> drk/xtyyst d jnxtn j ghb,skb b e,snrf[ 5.408 5.105 7.448J,obt yfrjgktybz> drk/xtyyst d jnxtn j ghb,skb b e,snrf[ 184 184 -Dctuj hfc[jls yf yfrjgktybz lkz cjvybntkmys[ ljkujd 5.592 5.289 7.448Evtymitybt hfytt cjplfyys[ cgtwbfkmys[ yfrjgktybq !2.408@ !2.408@ !1.835@Evtymitybt hfytt cjplfyys[ j,ob[ yfrjgktybq !177@ !177@ -Dctuj evtymitybt hfytt cjplfyys[ yfrjgktybq !2.585@ !2.585@ !1.835@Xbcnst hfc[jls yf yfrjgktybz> drk/xtyyst d jnxtn j ghb,skb b e,snrf[ 3.007 2.704 5.613Evtymitybt cgtwbfkmys[ yfrjgktybq d cdzpb cj cgbcfybtv ljkujd !7.564@ !7.243@ -Edtkbxtybt#!evtymitybt@ yfrjgktybq d htpekmnfnt rjkt,fybq rehcjd dfk/n 531 527 !23@Cgtwbfkmyst yfrjgktybz yf rjytw jnxtnyjuj ujlf 10.338 9.732 13.751J,obt yfrjgktybz yf rjytw jnxtnyjuj ujlf 2.340 2.293 2.286Dctuj yfrjgktybz lkz cjvybntkmys[ ljkujd yf rjytw jnxtnyjuj ujlf 12.678 12.025 16.037

D ntxtybt 2000 ujlf herjdjlcndj <fyrf gthtcvjnhtkj cnfdrb j,hfpjdfybz j,ob[ yfrjgktybq lkz jcyjdys[ uhegg frnbdjd lkz fltrdfnyjuj jnhf;tybz bpvtytybq dj,otq cnherneht hbcrf d gjhnatkt cjjndtncnde/ob[ frnbdjd <fyrf b Uheggs. D htpekmnfnt herjdjlcndjv ,skb ghbyzns cktle/obt cnfdrb j,ob[ yfrjgktybq djnyjitybb frnbdjd <fyrf b Uheggs> yt zdkz/ob[cz cdj,jlysvb jn hbcrf> gj cjcnjzyb/ yf 31 ltrf,hz 2000 b 1999 ujljd%

31#12#2000 31#12#1999

Nht,jdfybz r rhtlbnysv exht;ltybzv 3>00fi 3>50fiRhtlbns rkbtynfv b fdfycs yt-,fyrfv 1>00fi 1>25fiJ,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 1>00fi 2>00fi

54

Dsiterfpfyyst j,obt yfrjgktybz yt ,skb hfccxbnfys d jnyjitybb nht,jdfybq r rhtlbnysv exht;ltybzv> pfhtubcnhbhjdfyysv d htubjyt OECD, f nfr;t djnyjitybb jcnfnrjd yf vt;,fyrjdcrb[ cxtnf[> j,tcgtxtyys[ kfndbqcrbvb ujcelfhcndtyysvb wtyysvb ,evfufvb c abrcbhjdfyysv lj[jljv. <jktt njuj> j,obtyfrjgktybz yt ,skb nfr;t hfccxbnfys d jnyjitybb wtyys[ ,evfu c abrcbhjdfyysv lj[jljv> yf[jlzob[cz d cjcnfdt frnbdjd d eghfdktybb> wtyys[ ,evfu cabrcbhjdfyysv lj[jljv> dsgeotyys[ ghfdbntkmcndfvb> rhtlbnysvb exht;ltybzvb b rjvgfybzvb> pfhtubcnhbhjdfyysvb d cnhfyf[ OECD> f nfr;t wtyys[ ,evfu cabrcbhjdfyysv lj[jljv> dsgeotyys[ kfndbqcrbv ghfdbntkmcndjv.

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt yfrjgktybq lkz cjvybntkmys[ ljkujd vt;le uheggfvb frnbdjd b dslfyysvb ufhfynbzvb%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Cgtwbfkmyst J,obt Cgtwbfkmyst J,obt Cgtwbfkmyst J,obtyfrjgktybz yfrjgktybz yfrjgktybz yfrjgktybz yfrjgktybz yfrjgktybz

Nht,jdfybz r rhtlbnysv exht;ltybzv 2.315 326 2.315 326 3.099 142Rhtlbns b fdfycs yt-,fyrfv 7.403 1.820 6.801 1.773 8.107 1.773J,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 90 149 90 149 1.758 326Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv - 24 - 24 - 24Yfrjgktyyst ghjwtynyst lj[jls 470 - 466 - 787 -Ghjxbt frnbds 60 - 60 - - -Ufhfynbb - 21 - 21 - 21

10.338 2.340 9.732 2.293 13.751 2.286

GHBVTXFYBT 11YFKJU YF GHB<SKM

D cjjndtncndbb c kfndbqcrbv pfrjyjlfntkmcndjv d jnyjitybb byjcnhfyys[ bydtcnbwbq> <fyr bvttn ghfdj yf yfkjujde/ kmujne d hfpvtht 50fi d ntxtybt 5 ktn>yfxbyfz c 1 zydfhz 1997 ujlf. D htpekmnfnt 'njuj <fyr gkfnbn yfkju yf ghb,skm d hfpvtht 12>5fi jn j,kfuftvjuj yfkjujv lj[jlf.Yfxbyfz c 1997 ujlf> Ujcelfhcndtyyfz yfkjujdfz bycgtrwbz yt ghjdjlbkf gjkye/ yfkjujde/ ghjdthre <fyrf. D cdzpb c 'nbv ceotcndetn djpvj;yjcnm> xnj dhtpekmnfnt yfkjujdjq ghjdthrb rjytxyst yfkjujdst j,zpfntkmcndf vjuen jnkbxfnmcz jn cevv> erfpfyys[ d abyfycjds[ jnxtnf[ pf 'nb ujls.Yfkju yf ghb,skm cjcnjbn bp cktle/ob[ rjvgjytynjd%

2000 2000 1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Yfrjgktybz yf yfkju yf ghb,skm pf jnxtnysq ujl 1.243 1.243 337Edtkbxtybt jnchjxtyyjuj yfkjuf yf ghb,skm 66 66 100Dctuj yfkju yf ghb,skm 1.309 1.309 437

D cktle/otq nf,kbwt ghtlcnfdktyj cjjnyjitybt xbcnjq ghb,skb <fyrf pf ujl c yfrjgktybzvb yf yfkju yf ghb,skm pf jnxtnysq ujl%

2000 1999LVL ’000 LVL ’000

<fyr <fyr

Ghb,skm lj yfkjuf 11.334 4.614!Ghtdsitybt@ cevvs bpyjcf d yfkjujds[ wtkz[ yfl cevvjq abyfycjdjuj bpyjcf !1.103@ !460@Yt[jpzqcndtyyst hfc[jls b !ytj,kfuftvfz ghb,skm@ 3.089 !378@J,kfuftvfz ghb,skm pf jnxtnysq ujl 13.320 3.776Yfkju yf ghb,skm !cnfdrf 12>5fi@ 1.665 472Evtymitybt yfkjuf !,kfujndjhbntkmyjcnm@ !422@ !135@Yfrjgktybz yf yfkju yf ghb,skm pf jnxtnysq ujl 1.243 337

55

GHBVTXFYBT 12LTYT:YST CHTLCNDF B NHT<JDFYBZ R <FYRE KFNDBB

Ltyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb cjcnjzn bp cktle/ob[ rjvgjytynjd%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Yfkbxyst ltyt;yst chtlcndf 17.405 16.915 17.865Nht,jdfybz r <fyre Kfndbb 6.653 6.653 7.149Dctuj ltyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 24.058 23.568 25.014

Nht,jdfybz r <fyre Kfndbb zdkz/ncz lj djcnht,jdfybz b ,tcghjwtynysvb.

D cjjndtncndbb c htitybtv Cjdtnf <fyrf Kfndbb> rhtlbnyst exht;ltybz ljk;ys dsgjkyznm nht,jdfybz gj j,zpfntkmysv htpthdfv. Chtlytvtczxyst jcnfnrbltyt;ys[ chtlcnd d kfnf[ d rfcct b yf rjhhtcgjyltyncrjv cxtne rhtlbnyjuj exht;ltybz d <fyrt Kfndbb ljk;ys ghtdsifnm j,(tv j,zpfntkmys[ htpthdjd.Chtlytvtczxysq jcnfnjr yfkbxys[ ltyt;ys[ chtlcnd d kfnf[ vj;tn cjcnfdkznm lj 40fi jn j,(tvf j,zpfntkmys[ htpthdjd.Chtlytvtczxysq jcnfnjr ltyt;ys[ chtlcnd d kfnf[ d rfcct b yf rjhhtcgjyltyncrjv cxtne rhtlbnyjuj exht;ltybz d <fyrt Kfndbb d ntxtybt ltrf,hz 2000 ujlfghtdscbk ehjdtym j,zpfntkmyjuj htpthdf> hfccxbnfyyjuj yf vtczw> pfrfyxbdf/obqcz 15 ltrf,hz 2000 ujlf. D htpekmnfnt <fyr cjjndtncndjdfk dsitegjvzyensvnht,jdfybzv <fyrf Kfndbb yf rjytw jnxtnyjuj ujlf.

GHBVTXFYBT 13NHT<JDFYBZ R RHTLBNYSV EXHT:LTYBZV

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Nht,jdfybz r rhtlbnysv exht;ltybzv> pfhtubcnhbhjdfyysv d cnhfyf[ OECD 87.849 87.203 90.336Nht,jdfybz r rhtlbnysv exht;ltybzv> pfhtubcnhbhjdfyysv d Kfndbb 8.234 8.234 135Nht,jdfybz r rhtlbnysv exht;ltybzv> pfhtubcnhbhjdfyysv d lheub[ cnhfyf[ 13.883 13.092 9.847Dctuj nht,jdfybz r rhtlbnysv exht;ltybzv 109.966 108.529 100.318

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !2.641@ !2.641@ !3.241@Bnjuj nht,jdfybz r rhtlbnysv exht;ltybzv 107.325 105.888 97.077

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr yf[jlbkcz d rjhhtcgjyltyncrb[ jnyjitybz[ c 37 !30@ rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d cnhfyf[OECD> 6 !4@ rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d Kfndbb> b 51 !23@ rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d lheub[ cnhfyf[ yt-OECD.

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Jcnfnrb yf rjhhtcgjyltyncrb[ cxtnf[ 25.477 25.318 28.520Drkfls “overnight” 15.299 15.299 1.382

Dctuj ltgjpbns lj djcnht,jdfybz 40.776 40.617 29.902Chjxyst drkfls d rhtlbnys[ exht;ltybz[ cj chjrjv dsgkfns %

1 vtczw 50.600 50.600 68.6881-3 vtczwf 10.513 9.901 793-6 vtczwtd - - 426-12 vtczwtd 613 613 7291-5 ktn 893 858 878,jktt 5 ktn b ,tcchjxyst 6.571 5.940 -

Dctuj chjxyst drkfls 69.190 67.912 70.416Dctuj nht,jdfybz r rhtlbnysv exht;ltybzv 109.966 108.529 100.318

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !2.641@ !2.641@ !3.241@Bnjuj nht,jdfybz r rhtlbnysv exht;ltybzv 107.325 105.888 97.077

Chjxyst drkfls> cke;fobt j,tcgtxtybtv j,zpfntkmcnd> erfpfys `,jktt 5 ktn b ,tcchjxyst$.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr bvtk vt;,fyrjdcrbt ltgjpbns d 4 kfndbqcrb[ ,fyrf[> d 8 ,fyrf[ htubjyf OECD b d 7 ,fyrf[> pfhtubcnhbhjdfyys[ dhtubjyt yt-OECD. Cjjndtncnde/obt jcnfnrb cjcnfdbkb 94fi> 83fi b 62fi jn j,ob[ jcnfnrjd d rhtlbnys[ exht;ltybz[> pfhtubcnhbhjdfyys[ d Kfndbb> cnhfyf[ OECDb yt-OECD> cjjndtncndtyyj.

56

GHBVTXFYBT 14RHTLBNS B FDFYCS YT-<FYRFV

Rhtlbns b fdfycs yt-,fyrfv cjcnjzn bp cktle/ob[ rjvgjytynjd%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

J,sxyst rhtlbns 102.891 98.621 61.086Rhtlbns d cdzpb c cjukfitybzvb j ghjlf;t b j,hfnyjq gjregrt - - 6.095Bcgjkmpjdfyyst rhtlbnyst kbybb 33.873 33.873 44.878Dctuj rhtlbns 136.764 132.494 112.059Abyfycjdsq kbpbyu 80.525 72.760 52.329Jdthlhfans rkbtynfv 6.692 6.633 2.752Lt,tnjdst jcnfnrb yf hfcxtnys[ rfhnf[ 2.869 2.869 2.228Dctuj ghjxbt rhtlbns b fdfycs 9.561 9.502 4.980Bnjuj rhtlbns b fdfycs yt-,fyrfv 226.850 214.756 169.368

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !9.223@ !8.574@ !9.880@Bnjuj rhtlbns b fdfycs yt-,fyrfv 217.627 206.182 159.488

Cnfnmz `jdthlhfans rkbtynfv$ drk/xftn jcnfnrb yf cxtnf[ d bydtcnbwbjyys[ b ,hjrthcrb[ rjvgfybz[> rjnjhst gj cenb ghtlcnfdkz/n chtlcndf <fyrf> yf[jlzobtcz ddsiterfpfyys[ rjvgfybz[ rfr j,tcgtxtybt lkz njhujdkb abyfycjdsvb bycnhevtynfvb. Nfrbt lt,tnjdst jcnfnrb gj cjcnjzyb/ yf 31 ltrf,hz cjcnfdbkb 931 nsczxekfnjd.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf d cnfnm/ `rhtlbns b fdfycs yt-,fyrfv$ drk/xty rhfnrjchjxysq ltgjpbn c Lehman Brothers d hfpvtht 612 nsc. kfnjd.

Cnfnmz `jdthlhfans rkbtynfv$ drk/xftn nfr;t pfljk;tyyjcnm ljxthytq rjvgfybb <fyrf> hf,jnf/otq ,hjrthjv <fyrf gj cgtrekznbdysv bydtcnbwbzv d frwbbhfpkbxys[ rjvgfybq> pfhtubcnhbhjdfyys[ d cnhfyf[ CYU> d hfpvtht 873 nsc. kfnjd gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf. Nfrbv j,hfpjv> pfljk;tyyjcnmdsitegjvzyenjq ljxthytq rjvgfybb ghtlcnfdkztn cj,jq bydtcnbwbb <fyrf d frwbb> rjnjhst d cdzpb cj cgtwbfkmyjq ghjcm,jq <fyrf Kfndbb ,skb rkfccbabwbhjdfysrfr rhtlbn.

Rhtlbns b fdfycs yt-,fyrfv drk/xf/n nfr;t rhtlbns vfksv b chtlybv ghtlghbznbzv Kfndbb> abyfycbhjdfybt rjnjhs[ ,skj jceotcndktyj Dctvbhysv <fyrjvcgtwbfkmyj lkz 'nb[ wtktq !cv. ghbvtxfybt 27@.

<fyr dslfk rhtlbns cneltynfv yf j,oe/ cevve 3.065 nsc. kfnjd gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf. Rhtlbns cneltynfv dslfys gj bybwbfnbdt Vbybcnthcndfj,hfpjdfybz b Ujcelfhcndtyyjuj Rfpyfxtqcndf Kfndbqcrjq Htcge,kbrb. Ujcelfhcndtyyjt Rfpyfxtqcndj dsltkbkj ytj,[jlbvst htcehcs b gjkyjcnm/ ghbybvftn yfct,z dct hbcrb b ghb,skm> cdzpfyyst c 'nbvb rhtlbnfvb. D cdzpb c ntv> xnj <fyr zdkztncz njkmrj futynjv> hf,jnf/obv jn kbwf Vbybcnthcndf j,hfpjdfybz bUjcelfhcndtyyjuj Rfpyfxtqcndf> j,ofz cevvf dsiterfpfyys[ rhtlbnjd b cjjndtncnde/ob[ ltgjpbnjd yt erfpfyf yf ,fkfyct <fyrf.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf rhtlbns yf j,oe/ cevve 25.080 nsc. kfnjd !12fi jn j,otq cevvs rhtlbnjd@ ,skb rkfccbabwbhjdfys rfr rhtlbns c yektdjqcntgtym/ hbcrf.

D cjjndtncndbb c pfrjyjlfntkmcndjv Kfndbb j rhtlbnys[ exht;ltybz[> j,obq j,(tv dslfyys[ rhtlbnjd jlyjve kbwe bkb uheggt dpfbvjcdzpfyys[ kbw> yt cdzpfyys[c rhtlbnysv exht;ltybtv> yt vj;tn ghtdsifnm 25fi jn cj,cndtyyjuj rfgbnfkf rhtlbnyjuj exht;ltybz. D cdj/ jxthtlm> j,ofz cevvf rhtlbnjd> dslfyys[ dctvcdzpfyysv c rhtlbnysv exht;ltybtv kbwfv> yt vj;tn ghtdsifnm 15fi jn cj,cndtyyjuj rfgbnfkf rhtlbnyjuj exht;ltybz !jghtltktybt cj,cndtyyjuj rfgbnfkferfpfyj d ghbvtxfybb 34@. Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr dsgjkybk dsitegjvzyenst nht,jdfybz.

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt dslfyys[ rkbtynfv rhtlbnjd b fdfycjd gj jcnfditvecz chjre lj b[ djpdhfnf.

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Rhtlbns> chjr djpdhfnf rjnjhs[ ghjchjxty 8.421 7.439 7.470Rhtlbns cj chjrjv djpdhfnf%

1 vtczw 21.889 20.795 12.6341 - 3 vtczwf 12.521 11.414 17.8813 - 6 vtczwtd 16.535 12.958 20.9566 - 12 vtczwtd 26.101 23.056 36.5381 - 5 ktn 97.668 94.340 62.613,jktt 5 ktn 43.715 44.754 11.276

Dctuj rhtlbns b fdfycs yt-,fyrfv 226.850 214.756 169.368Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !9.223@ !8.574@ !9.880@

Bnjuj rhtlbns b fdfycs yt-,fyrfv 217.627 206.182 159.488

Yf lfyysq vjvtyn byajhvfwbjyyfz cbcntvf <fyrf yt ghtljcnfdkztn djpvj;yjcnb lkz fyfkbpf dslfyys[ rhtlbnjd gj jcnfditvecz chjre lj b[ djpdhfnf> ghbybvfzdj dybvfybt uhfabr gjufitybz rhtlbnjd. D cdzpb c ytj,[jlbvjcnm/ ghjdtltybz xhtpdsxfqyj ,jkmijuj rjkbxtcndf hf,jn lkz gjlujnjdrb nfrjuj fyfkbpf herjdjlcndjyt gjcxbnfkj wtktcjj,hfpysv ghtlcnfdktybt 'njuj fyfkbpf d lfyys[ abyfycjds[ jnxtnf[. Cjjndtncndtyyj> dsiterfpfyyfz nf,kbwf ,skf gjlujnjdktyf>jcyjdsdfzcm yf ghtlgjkj;tybb> xnj dcz jcyjdyfz cevvf rhtlbnf gjufiftncz d gjcktlybq ltym chjrf rhtlbnf.

57

Cktle/ofz nf,kbwf jnhf;ftn j,oe/ cevve dslfyys[ rhtlbnjd b fdfycjd> gj rjnjhsv yf rjytw jnxtnyjuj ujlf yt ,skb yfrjgktys ghjwtyns%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Rhtlbns b fdfycs> gj rjnjhsv ghjwtyns yfrjgktys 220.767 208.949 157.691Rhtlbns b fdfycs> gj rjnjhsv ghjwtyns yt yfrjgktys 6.083 5.807 11.677Dctuj rhtlbns b fdfycs yt-,fyrfv 226.850 214.756 169.368


D ntxtybt jnxtnyjuj ujlf <fyr gjkyjcnm/ cgbcfk ytrjnjhst rhtlbns> yf rjnjhst hfytt ,skb cltkfys yfrjgktybz> c xtv b cdzpfyj evtymitybt cevvs rhtlbnjd> gjrjnjhsv ghjwtyns yt ,skb yfrjgktys. J,ofz cevvf rhtlbnjd rkbtynfv> rjnjhst ,skb cgbcfys d ntxtybt jnxtnyjuj ujlf> cjcnfdbkf 6.480 nsczx kfnjd.

Hfcghtltktybt rhtlbnjd b fdfycjd gj dblfv pftvobrjd vj;tn ,snm ghtlcnfdktyj cktle/obv j,hfpjv%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ghfdbntkmcndj 382 382 607Vtcnyst cfvjeghfdktybz 6.286 6.286 9.082Ujcelfhcndtyyst ghtlghbznbz 3.094 3.094 330Ghtlghbznbz cfvjeghfdktybq 6.165 6.165 -Xfcnyst rjvgfybb 169.768 159.536 131.761Dctuj rhtlbns b fdfycs rjhgjhfnbdysv rkbtynfv 185.695 175.463 141.780J,otcndtyyst b htkbubjpyst jhufybpfwbb 124 124 -Hf,jnybrb <fyrf 1.051 1.051 1.054Ghjxbt xfcnyst kbwf 39.980 38.118 26.534Dctuj rhtlbns b fdfycs yt-,fyrfv 226.850 214.756 169.368


Hfcghtltktybt rhtlbnjd b fdfycjd> dslfyys[ rjhgjhfnbdysv rkbtynfv gj jnhfckzv ,tp dsxtnf cjplfyys[ yfrjgktybq> vj;tn ,snm ghtlcnfdktyj cktle/obvj,hfpjv%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyrNjhujdkz 46.266 41.283 22.881Nhfycgjhn b cdzpm 35.942 28.255 19.350Ghjvsiktyyjcnm 24.423 22.215 19.895Abyfycjdjt gjchtlybxtcndj 12.551 19.989 32.715"ktrnhj- > ufpj- b djljcyf,;tybt 11.567 10.986 8.198Cnhjbntkmcndj 6.883 6.778 2.686Hs,jkjdcndj 4.314 4.308 958Ujcnbybws b htcnjhfys 1.418 964 3.848Ctkmcrjt b ktcyjt [jpzqcndj 1.296 1.203 3.676Lheubt jnhfckb 41.035 39.482 27.573Dctuj rhtlbns b fdfycs> dslfyyst rjhgjhfnbdysv rkbtynfv 185.695 175.463 141.780

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt dslfyys[ rhtlbnjd b fdfycjd gj nthhbnjhbfkmyjve ghbpyfre%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Htpbltyns cnhfy OECD 38.251 37.884 32.916Htpbltyns Kfndbb 152.196 152.804 111.138Htpbltyns lheub[ cnhfy 36.403 24.068 25.314Dctuj rhtlbns b fdfycs yt-,fyrfv 226.850 214.756 169.368


D ntxtybt jnxtnyjuj ujlf d jnyjitybb <fyrf ltqcndjdfk pfghtn <fyrf Kfndbb yf dslfxe b ghjlktybt rhtlbnjd rjvgfybzv> pfhtubcnhbhjdfyysv d jaaijhys[ pjyf[bkb d cnhfyf[> /hbclbrwbz rjnjhs[ gj cenb ghbhfdybdftncz r jaaijhysv pjyfv.

58

GHBVTXFYBT 15NHT<JDFYBZ GJ ABYFYCJDJVE KBPBYUE GJ DBLFV FHTYLETVS{ FRNBDJD

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Nhfycgjhnyst chtlcndf 30.924 30.211 15.273Ytldb;bvjt bveotcndj 28.545 25.095 12.138Ghjbpdjlcndtyyjt j,jheljdfybt 5.558 4.049 5.910Frwbb 3.266 3.214 2.090Ghjxbt frnbds 12.232 10.191 16.918Dctuj nht,jdfybz gj abyfycjdjve kbpbyue gj dblfv fhtyletvs[ frnbdjd 80.525 72.760 52.329

D [jlt t;tlytdyjq rjvvthxtcrjq ltzntkmyjcnb <fyr b tuj ljxthybt ghtlghbznbz ghtljcnfdkz/n cdjbv rkbtynfv djpvj;yjcnm abyfycbhjdfnm gjregre frwbq xthtpabyfycjdsq kbpbyu. Nfrbv j,hfpjv> <fyr cnfyjdbncz /hblbxtcrbv dkfltkmwtv lfyys[ frwbq yf chjr ltqcndbz ljujdjhf gj abyfycjdjve kbpbyue. {jnz <fyr bzdkztncz /hblbxtcrbv dkfltkmwtv rjvgfybq> abyfycbhetvs[ xthtp kbpbyu> herjdjlcndj cxbnftn> xnj aeyrwbb rjynhjkz cjjndtncnde/ob[ rjvgfybq yt gthtdtltys<fyre b> cktljdfntkmyj> nfrbt rjvgfybb yt vjuen hfccvfnhbdfnmcz rfr cdzpfyyst c <fyrjv.

GHBVTXFYBT 16GHJWTYNYST LJ{JLS <ELEOB{ GTHBJLJD GJ ABYFYCJDJVE KBPBYUE

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Rhfnrjchjxyst ghjwtynyst lj[jls 6.088 5.460 4.955Ljkujchjxyst ghjwtynyst lj[jls 9.748 9.149 5.247Dctuj ghjwtynyst lj[jls ,eleob[ gthbjljd gj abyfycjdjve kbpbyue 15.836 14.609 10.202

GHBVTXFYBT 17J<KBUFWBB B GHJXBT WTYYST <EVFUB C ABRCBHJDFYYSV LJ{JLJV

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ujcelfhcndtyyst ljkujdst j,zpfntkmcndf dyenhtyytuj pfqvf 3.177 3.177 12.212J,kbufwbb ghfdbntkmcnd 47.031 44.065 27.307J,kbufwbb cfvjeghfdktybq 1.311 1.311 673J,kbufwbb rhtlbnys[ exht;ltybq 30.478 30.478 10.851Rjhgjhfnbdyst j,kbufwbb 30.794 30.794 -Ghjxbt j,kbufwbb abyfycjds[ exht;ltybq 29.994 29.994 8.283Rhfnrjchjxysq cxtn eghfdktybz ltyt;ysvb chtlcndfvb - - 12.117Eghfdkztvst ajyls 16.859 16.859 28.202Dctuj j,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 159.644 156.678 99.645

Pf dsxtnjv yfrjgktybq lkz wtyys[ ,evfu c abrcbhjdfyysv lj[jljv !cv. ghbvtxfybt 10@ !239@ !239@ !2.084@

Bnjuj xbcnst j,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 159.405 156.439 97.561

Ajyls d eghfdktybb ghtlcnfdkz/n ljk/ <fyrf d gjhnatkz[ wtyys[ ,evfu c abrcbhjdfyysv lj[jljv> rjnjhsvb jn bvtyb bydtcnjhjd eghfdkz/n abyfycjdstbycnbnewbb> pfhtubcnhbhjdfyyst d cnhfyf[ OECD. D hfcgjhz;tybb <fyrf ytn ltnfkmyjq byajhvfwbb j lfyys[ bydtcnbwbz[> d cdzpb c xtv jyb yt ,skbrkfccbabwbhjdfys gj gthdjyfxfkmyjve 'vbntyne wtyys[ ,evfu.

59

Cktle/ofz nf,kbwf jnhf;ftn bydtcnbwbb Uheggs d rjnbhetvst b yt rjnbhetvst yf ,bh;f[ j,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv%

31#12#2000 31#12#1999LVL ’000 LVL ’000

Rjnbhetvst Yt rjnbhetvst Rjnbhetvst Yt rjnbhetvstyf ,bh;f[ yf ,bh;f[ Dctuj yf ,bh;f[ yf ,bh;f[ Dctuj

Kfndbqcrbt ujcelfhcndtyyst ljkujdst j,zpfntkmcndf dyenhtyytuj pfqvf 3.177 - 3.177 12.095 117 12.212J,kbufwbb ghfdbntkmcnd%

J,kbufwbb kfndbqcrjuj ghfdbntkmcndf 14.951 - 14.951 8.934 - 8.934J,kbufwbb ghfdbntkmcnd cnhfy OECD 14.442 - 14.442 5.809 - 5.809J,kbufwbb ghfdbntkmcnd lheub[ cnhfy yt-OECD !bcrk/xfz Kfndb/@ 16.456 1.182 17.638 10.469 2.095 12.564

Dctuj j,kbufwbb ghfdbntkmcnd 45.849 1.182 47.031 25.212 2.095 27.307J,kbufwbb cfvjeghfdktybq%

OECD 1.221 - 1.221 - - -yt-OECD !bcrk/xfz Kfndb/@ 90 - 90 90 583 673

Dctuj j,kbufwbb cfvjeghfdktybq 1.311 - 1.311 90 583 673J,kbufwbb rhtlbnys[ exht;ltybq%

Kfndbb 61 1.136 1.197 - - -OECD 21.326 7.955 29.281 10.470 - 10.470yt-OECD !bcrk/xfz Kfndb/@ - - - 11 370 381

Dctuj j,kbufwbb rhtlbnys[ exht;ltybq 21.387 9.091 30.478 10.481 370 10.851Rjhgjhfnbdyst j,kbufwbb !OECD@ 19.353 11.441 30.794 - - -Ghjxbt j,kbufwbb abyfycjds[ exht;ltybq !OECD@ 23.856 6.138 29.994 5.829 2.454 8.283Rhfnrjchjxysq cxtn eghfdktybz ltyt;ysvb chtlcndfvb - - - - 12.117 12.117Eghfdkztvst ajyls - 16.859 16.859 - 28.202 28.202Dctuj j,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 114.933 44.711 159.644 53.707 45.938 99.645

Pf dsxtnjv yfrjgktybq lkz wtyys[ ,evfu c abrcbhjdfyysv lj[jljv !cv. ghbvtxfybt 10@ !227@ !12@ !239@ !438@ !1.646@ !2.084@

Bnjuj j,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 114.706 44.699 159.405 53.269 44.292 97.561

J,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv> yf[jlzobtcz d hfcgjhz;tybb Uheggs yf 31 ltrf,hz 2000 ujlf> ghbj,htntyyst d cgtrekznbdys[ bbydtcnbwbjyys[ wtkz[> vjuen ,snm jnhf;tys cktle/obv j,hfpjv%

31#12#2000 31#12#1999LVL ’000 LVL ’000

D bydtcnb- D cgtrekz- Dctuj D bydtcnb- D cgtrekz- Dctuj wbjyys[ nbdys[ wbjyys[ nbdys[

wtkz[ wtkz[ wtkz[ wtkz[Ujcelfhcndtyyst ljkujdst j,zpfntkmcndf 3.177 - 3.177 12.212 - 12.212J,kbufwbb ghfdbntkmcnd 47.031 - 47.031 27.025 282 27.307J,kbufwbb cfvjeghfdktybq 1.311 - 1.311 673 - 673J,kbufwbb rhtlbnys[ exht;ltybq 30.478 - 30.478 10.840 11 10.851Rjhgjhfnbdyst j,kbufwbb 30.794 - 30.794 - - -Ghjxbt j,kbufwbb abyfycjds[ exht;ltybq 29.994 - 29.994 8.283 - 8.283Rhfnrjchjxysq cxtn eghfdktybz ltyt;ysvb chtlcndfvb - - - - 12.117 12.117Eghfdkztvst ajyls - 16.859 16.859 - 28.202 28.202Dctuj wtyyst ,evfub c abrcbhjdfyysv lj[jljv 142.785 16.859 159.644 59.033 40.612 99.645

GHBVTXFYBT 18. J<KBUFWBB B GHJXBT WTYYST <EVFUB C ABRCBHJDFYYSV LJ{JLJV GJJCNFDITVECZ CHJRE B{ DJPDHFNF B GJUFITYBZ

Cktle/ofz nf,kbwf jnhf;ftn hfpltktybt j,kbufwbq b ghjxb[ wtyys[ ,evfu c abrcbhjdfyysv lj[jljv Uheggs gj jcnfditvecz chjre b[ djpdhfnf b gjufitybz gjcjcnjzyb/ yf 31 ltrf,hz 2001 ujlf%

1 vtc. 1-3 vtc. 3-6 vtc. 6-12 vtc. 1-5 ktn ,jktt 5 ktn Dctuj d LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000

Ujcelfhcndtyyst ljkujdst j,zpfntkmcndf - - - 3.177 - - 3.177J,kbufwbb ghfdbntkmcnd - 1.794 92 6.136 29.336 9.673 47.031J,kbufwbb cfvjeghfdktybq 90 - - - 1.221 - 1.311J,kbufwbb rhtlbnys[ exht;ltybq - 612 1.136 7.363 16.303 5.064 30.478Rjhgjhfnbdyst j,kbufwbb - - - 2.411 13.918 14.465 30.794Ghjxbt j,kbufwbb abyfycjds[ exht;ltybq - 243 2.719 1.837 18.579 6.616 29.994Eghfdkztvst ajyls 598 - 41 1.884 2.912 11.424 16.859Dctuj wtyyst ,evfub c abrcbhjdfyysv lj[jljv 688 2.649 3.988 22.808 82.269 47.242 159.644

60

GHBVTXFYBT 19FRWBB B GHJXBT WTYYST <EVFUB C YTABRCBHJDFYYSV LJ{JLJV

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Frwbb kfndbqcrb[ rjvgfybq 383 383 5.791Frwbb byjcnhfyys[ rjvgfybq 15.927 15.872 72Kfndbqcrbt ghbdfnbpfwbjyyst cthnbabrfns 50 50 136Dctuj frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 16.360 16.305 5.999

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !24@ !24@ !24@Bnjuj frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 16.336 16.281 5.975

D ntxtybt jnxtnyjuj ujlf <fyr ghjlfk frwbb jlyjuj kfndbqcrjuj rhtlbnyjuj exht;ltybz> rjnjhsq bv hfccvfnhbdfkcz rfr cnhfntubxtcrfz bydtcnbwbz. D htpekmnfntghjlf;b lfyys[ frwbq <fyr gjkexbk ghb,skm d hfpvtht 152 nsc. kfnjd.

Cktle/ofz nf,kbwf jnhf;ftn bydtcnbwbb d rjnbhetvst b yt rjnbhetvst yf ,bh;f[ frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv%

31#12#2000 31#12#1999LVL ’000 LVL ’000

Rjnbhetvst Yt rjnbhetvst Rjnbhetvst Yt rjnbhetvstyf ,bh;f[ yf ,bh;f[ Dctuj yf ,bh;f[ yf ,bh;f[ Dctuj

Frwbb- kfndbqcrb[ rhtlbnys[ exht;ltybq - - - 5.566 - 5.566- kfndbqcrb[ abyfycjds[ exht;ltybq - 25 25 - 25 25- kfndbqcrb[ rjvgfybq 238 120 358 199 1 200- abyfycjds[ exht;ltybq> pfhtubcnhbhjdfyys[ d cnhfyf[ OECD - 15.438 15.438 - - -- rjvgfybq OECD htubjyf 46 291 337 - 12 12- ghjxb[ rhtlbnys[ exht;ltybq> pfhtubcnhbhjdfyys[ d cnhfyf[ yt-OECD - - - 8 - 8- ghjxb[ rjvgfybq> pfhtubcnhbhjdfyys[ d cnhfyf[ yt-OECD 109 43 152 46 6 52

Dctuj frwbb 393 15.917 16.310 5.819 44 5.863Kfndbqcrbt ghbdfnbpfwbjyyst cthnbabrfns - 50 50 - 136 136Dctuj frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 393 15.967 16.360 5.819 180 5.999

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !24@ - !24@ !24@ - !24@Bnjuj frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 369 15.967 16.336 5.795 180 5.975

Bydtcnbwbb d frwbb abyfycjds[ bycnbnewbq> pfhtubcnhbhjdfyys[ d cnhfyf[ OECD> ghtlcnfdkz/n cj,jq bydtcnbwbb d eghfdkztvst ajyls. D hfcgjhz;tybb <fyrfytn ltnfkmyjq byajhvfwbb j lfyys[ bydtcnbwbz[> d cdzpb c xtv jyb yt ,skb rkfccbabwbhjdfys gj gthdjyfxfkmyjve 'vbntyne wtyys[ ,evfu.

Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv> yf[jlzobtcz d hfcgjhz;tybb Uheggs> ghbj,htntyyst d cgtrekznbdys[ b bydtcnbwbjyys[ wtkz[> vjuen,snm jnhf;tys cktle/obv j,hfpjv%

31#12#2000 31#12#1999LVL ’000 LVL ’000

D bydtcnb- D cgtrekz- D bydtcnb- D cgtrekz-wbjyys[ nbdys[ wbjyys[ nbdys[

wtkz[ wtkz[ Dctuj wtkz[ wtkz[ DctujFrwbb

- kfndbqcrb[ rhtlbnys[ exht;ltybq - - - 5.566 - 5.566- kfndbqcrb[ abyfycjds[ exht;ltybq 25 - 25 25 - 25- kfndbqcrb[ rjvgfybq - 358 358 - 200 200- abyfycjds[ exht;ltybq> pfhtubcnhbhjdfyys[ d cnhfyf[ OECD - 15.438 15.438 - - -- rjvgfybq OECD htubjyf 12 325 337 12 - 12- ghjxb[ rhtlbnys[ exht;ltybq> pfhtubcnhbhjdfyys[ d cnhfyf[ yt-OECD - - - - 8 8- ghjxb[ rjvgfybq> pfhtubcnhbhjdfyys[ d cnhfyf[ yt-OECD 1 151 152 - 52 52

Dctuj frwbb 38 16.272 16.310 5.603 260 5.863Kfndbqcrbt ghbdfnbpfwbjyyst cthnbabrfns - 50 50 - 136 136Dctuj frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 38 16.322 16.360 5.603 396 5.999

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ - !24@ !24@ - !24@ !24@Bnjuj frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 38 16.298 16.336 5.603 372 5.975

61

GHBVTXFYBT 20EXFCNBT D RFGBNFKT LJXTHYB{ RJVGFYBQ

Bydtcnbwbb <fyrf d ljxthybt rjvgfybb exbnsdf/ncz yf ,fkfyct <fyrf> bcgjkmpez vtnjl cj,cndtyyjuj rfgbnfkf. Bpvtytybz bydtcnbwbq d ljxthybt rjvgfybb dntxtybt jnxtnyjuj ujlf vjuen ,snm jnhf;tys cktle/obv j,hfpjv%

2000 1999LVL ’000 LVL ’000

<fyr <fyr

Jcnfnjr yf 1 zydfhz 193 189Ghbj,htntybt b bydtcnbwbb 3.580 4Cgbcfybt !383@ -Gthtjwtyrf !345@ -Jcnfnjr yf 31 ltrf,hz 3.045 193

D vfhnt b ltrf,ht 2000 ujlf> cjjndtncndtyyj> <fyr ghbj,htk 91>11fi frwbq FJ Industrijos Bankas !Kbndf@ b 100fi frwbq JJJ Parekss Lîzings !Kfndbz@ b extklfyyst bydtcnbwbb> bcgjkmpez vtnjl cj,cndtyyjuj rfgbnfkf. Hfpybwf vt;le cnjbvjcnm/ dsiterfpfyys[ bydtcnbwbq b cjjndtncnde/otq xfcnm/ d rfgbnfkt bhtpthdf[ ljxthyb[ rjvgfybq ,skf rfgbnfkbpbhjdfyf rfr “goodwill” b fvjhnbpbhetncz d ntxtybt 5 ktn gj kbytqyjve vtnjle. Gjckt ghbj,htntybz FJ IndustrijosBankas jy ,sk gthtbvtyjdfy d FJ Parex Bankas.

D 2000 ujle <fyr jcyjdfk ljxthy// rjvgfyb/> pfybvf/oe/cz njhujdktq lhfujwtyysvb vtnfkkfvb b /dtkbhysvb bpltkbzvb. Cnjbvjcnm bydtcnbwbb cjcnfdbkf 376nsczx kfnjd. D ltrf,ht 2000 ujlf <fyr ghjlfk dsiterfpfyye/ ljxthy// rjvgfyb/ gj tt ,fkfycjdjq cnjbvjcnb. Rhjvt njuj> d ltrf,ht 2000 ujlf <fyr ghjlfk hzlljxthyb[ rjvgfybq. Dct jyb ,skb ghjlfys gj ,fkfycjdjq cnjbvjcnb.

Ghjgjhwbjyfkmyfz xfcnm e,snrjd ljxthyb[ rjvgfybq gjckt b[ ghbj,htntybz> gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf> yf cevve 345 nsczx kfnjd ,skf drk/xtyf djnxtn j ghb,skb b e,snrf[ rfr e,snrb jn gthtjwtyrb ljkujchjxys[ bydtcnbwbq.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr jceotcndbk bydtcnbwbb d cktle/obt ljxthybt rjvgfybb%

Rjvgfybz Dbl ltzntkmyjcnb Rfgbnfk Exfcnbt <fyrf Ghfdj J,ofz cevvf d rfgbnfkt !fi@ ujkjcf !fi@ bydtcnbwbq

LVL ’000 LVL ’000

FJ Parex Bankas <fyr 4.158 91>11 91>11 2.824JJJ Parekss Brokeru Sistéma Nfvj;tyyst ,hjrthcrbt eckeub 120 95>00 95>00 114Atklåtais Pensiju Fonds – Sociålais nodroßinåjums Gtycbjyysq ajyl 100 98>00 98>00 101Parex Asset Management Company Ltd. Abyfycs 92 100>00 100>00 6JJJ Parekss Lîzings Kbpbyu 31 100>00 100>00 -PFJ Parex Lizingas Kbpbyu 240 51>00 51>00 -Regalite Holdings Limited Abyfycs 5 100>00 100>00 -M.B.M. Investments Ltd. Abyfycs 1 100>00 100>00 -JJJ Lîzinga Konsultants Kbpbyu 2 100>00 100>00 -PFJ Janusava Kbpbyu 2 51>00 51>00 -Dctuj bydtcnbwbb d ljxthybt rjvgfybb 3.045

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyre ghbyflkt;bn 6 fi frwbq PFJ Parex Lizingas> pfrhsnjuj frwbjythyjuj j,otcndf> pfhtubcnhbhjdfyyjuj d Htubcnhtghtlghbznbq Kbnjdcrjq Htcge,kbrb. Ljgjkybntkmyj> JJJ Parekss Lîzings> 100fi frwbq rjnjhjuj ghbyflkt;bn FJ Parekss banka> zdkztncz dkfltkmwtv 45fi frwbqdsiterfpfyyjq rjvgfybb. Nfrbv j,hfpjv> FJ Parekss banka rjcdtyyj dkflttn 51fi frwbq PFJ Parex Lizingas.

Abyfycjdst jnxtns FJ Parekss banka b tuj ljxthyb[ rjvgfybq FJ Parex Bankas> ,tcghb,skmyjuj FJ gtycbjyyjuj ajylf Atklåtais Pensiju Fonds – SociålaisNodroßinåjums> JJJ Parekss Lîzings b rjcdtyyj rjynhjkbhetvjq rjvgfybb PFJ Parex Lizingas rjycjkblbhjdfys d abyfycjds[ jnxtnf[ Uheggs gentvcrkflsdfybz gjlj,ys[ cnfntq ,fkfycf> f nfr;t lj[jljd b hfc[jljd.

Herjdjlcndj <fyrf cxbnftn> xnj ghjxbt ljxthybt rjvgfybb yt zdkz/ncz ceotcndtyysvb lkz lfyys[ abyfycjds[ jnxtnjd Uheggs> d cdzpb c xtv rjycjkblfwbz 'nb[ljxthyb[ rjvgfybq yt ,skf ghjdtltyf. Cjjndtncndtyyj> bydtcnbwbb <fyrf d ghjxbt ljxthybt rjvgfybb d hfpvtht 120 nsczx kfnjd jnhf;tys d abyfycjds[ jnxtnf[Uheggs> bcgjkmpez vtnjl cj,cndtyyjuj rfgbnfkf.

62

GHBVTXFYBT 21EXFCNBT D RFGBNFKT CDZPFYYS{ GHTLGHBZNBQ

D 2000 ujle <fyr gthtjwtybk cdjb bydtcnbwbb d rfgbnfk cdzpfyys[ rjvgfybq d cjjndtncndbb c vtnjljv cj,cndtyyjuj rfgbnfkf. Gjkextyysq d htpekmnfnt gthtjwtyrbe,snjr yf cevve 217 nsczx kfnjd ,sk drk/xty d jnxtn j ghb,skb b e,snrf[ rfr e,snrb jn gthtjwtyrb ljkujchjxys[ bydtcnbwbq.

D ltrf,ht 2000 ujlf <fyr ghjlfk hzl lheub[ ljxthyb[ rjvgfybq. Dct jyb ,skb ghjlfys gj ,fkfycjdjq cnjbvjcnb.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf bydtcnbwbz d rfgbnfk JJJ Loka-2> ghbyflkt;fofz <fyre> ,skf exntyf d ,fkfyct <fyrf c yektdjq cnjbvjcnm/.

GHBVTXFYBT 22YTVFNTHBFKMYST FRNBDS

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr“Goodwill”> djpybribq jn ghbj,htntybz ljxthyb[ rjvgfybq%FJ Parex Bankas 589 589 -JJJ Parekss Lîzings 613 613 -

1.202 1.202 -Ghfdf fhtyls 227 227 307Ghjxbt ytvfnthbfkmyst frnbds 148 - -Jcnfnjxyfz cnjbvjcnm ytvfnthbfkmys[ frnbdjd 1.577 1.429 307

D ghbvtxfybb 20 gjlhj,ytt jgbcfyj djpybryjdtybt “goodwill” jn ghbj,htntybz ljxthyb[ rjvgfybq.

Cktle/ofz nf,kbwf jnhf;ftn ldb;tybt ytvfnthbfkmys[ frnbdjd d ntxtybt 2000 ujlf !dct cevvs erfpfys d nsc. kfnjd@%

“Goodwill” Ghfdf fhtyls Ghjxbt Dctujytvfnthbfkmyst ytvfnthbfkmyst

frnbds frnbdsYfxfkmyfz cnjbvjcnm

Yf 1 zydfhz 2000 ujlf¡ - 798 - 798Ghbj,htntyj d cdzpb c gjregrjq ljxthyb[ rjvgfybq - - 148 148Ghbj,htntyj d ntxtybt ujlf 1.306 - 102 1.408

Yf 31 ltrf,hz 2000 ujlf 1.306 798 250 2.354Yfrjgktyyfz fvjhnbpfwbz

Yf 1 zydfhz 2000 ujlf¡ - 491 - 491Ghbj,htntyj d cdzpb c gjregrjq ljxthyb[ rjvgfybq - - 81 81Yfxbcktyyfz d ntxtybt ujlf fvjhnbpfwbz 104 80 21 205

Yf 31 ltrf,hz 2000 ujlf 104 571 102 777Jcnfnjxyfz cnjbvjcnm

Yf 1 zydfhz 2000 ujlf¡ - 307 - 307Yf 31 ltrf,hz 2000 ujlf 1.202 227 148 1.577

¡ Ghb cjcnfdktybb lfyys[ abyfycjds[ jnxtnjd erfpfyyst jcnfnrb Uheggs yf 1 zydfhz 2000 ujlf cjjndtncnde/n jcnfnrfv <fyrf yf ne ;t lfne.

63

GHBVTXFYBT 23JCYJDYST CHTLCNDF

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Pfnhfns yf htrjycnherwb/ fhtyljdfyys[ gjvtotybq 576 576 398Plfybz 6.785 5.507 3.841Nhfycgjhnyst chtlcndf 1.147 1.069 1.022Ghjxbt jcyjdyst chtlcndf 5.428 4.873 3.528

Dctuj jcyjdyst chtlcndf> rhjvt fdfycjds[ gkfnt;tq 13.936 12.025 8.789Fdfycjdst gkfnt;b 514 501 302

Jcnfnjxyfz cnjbvjcnm jcyjdys[ chtlcnd 14.450 12.526 9.091

D cktle/otq nf,kbwt jnhf;tys ldb;tybz jcyjdys[ chtlcnd Uheggs d ntxtybt 2000 ujlf !dct cevvs erfpfys d nsc. kfnjd@%

Ekexitybz Plfybz Nhfycgjhnyst Ghjxbt Dctujfhtyljdfyys[ chtlcndf jcyjdyst jcyjdyst

gjvtotybq chtlcndf chtlcndf> ,tp fdfycjds[

gkfnt;tqYfxfkmyfz cnjbvjcnm

Yf 1 zydfhz 2000 ujlf¡ 936 4.534 2.141 8.301 15.912Ghbj,htntyj d cdzpb c gjregrjq ljxthyb[ rjvgfybq - 1.118 125 492 1.735Ghbj,htntyj d ntxtybt ujlf 331 2.302 535 3.468 6.646Ghjlfyj b cgbcfyj d ntxtybt ujlf !25@ !365@ !221@ !621@ !1.232@

Yf 31 ltrf,hz 2000 ujlf 1.252 7.589 2.580 11.640 23.061Yfrjgktyysq bpyjc

Yf 1 zydfhz 2000 ujlf¡ 538 693 1.119 4.773 7.123Ghbj,htntyj d cdzpb c gjregrjq ljxthyb[ rjvgfybq - 26 50 195 271Bpyjc> yfxbcktyysq d ntxtybt ujlf 143 95 385 1.854 2.477Cgbcfybz !5@ !10@ !121@ !610@ !746@

Yf 31 ltrf,hz 2000 ujlf 676 804 1.433 6.212 9.125Jcnfnjxyfz cnjbvjcnm

Yf 1 zydfhz 2000 ujlf¡ 398 3.841 1.022 3.528 8.789Yf 31 ltrf,hz 2000 ujlf 576 6.785 1.147 5.428 13.936

¡ Ghb cjcnfdktybb lfyys[ abyfycjds[ jnxtnjd erfpfyyst jcnfnrb Uheggs yf 1 zydfhz 2000 ujlf cjjndtncnde/n jcnfnrfv <fyrf yf ne ;t lfne.

GHBVTXFYBT 24GHJXBT FRNBDS

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ltymub d genb 852 845 796Jcyjdyst chtlcndf> gthtyznst lkz ghjlf;b 522 230 190Ythtfkbpjdfyyfz ghb,skm jn ghjbpdjlys[ abyfycjds[ bycnhevtynjd 65 65 675?dtkbhyst bpltkbz 11 11 461Fdfycjdst gkfnt;b gj yfkjue yf ghb,skm - - 951Ghjxbt frnbds 1.401 735 1.257Dctuj ghjxbt frnbds 2.851 1.886 4.330

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !60@ !60@ -Bnjuj ghjxbt frnbds 2.791 1.826 4.330

Rfr hfytt ,skj erfpfyj d ghbvtxfybb 20> d 2000 ujle <fyr jcyjdfk ljxthy// rjvgfyb/> pfybvf/oe/cz njhujdktq lhfujwtyysvb vtnfkkfvb b /dtkbhysvbbpltkbzvb. D cdzpb c 'nbv> jgthfwbjyyfz ghb,skm jn ghjlf;b /dtkbhys[ bpltkbq b cjjndtncndtyyj pfgfcs pyfxbntkmyj cybpbkbcm gj chfdytyb/ c 1999 ujljv.

64

GHBVTXFYBT 25YFRJGKTYYST LJ{JLS B HFC{JLS <ELEOB{ GTHBJLJD

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Yfrjgktyyst ghjwtynyst lj[jls 6.507 6.350 3.704Hfc[jls ,eleob[ gthbjljd 1.012 956 733Dctuj yfrjgktyyst lj[jls b hfc[jls ,eleob[ gthbjljd 7.519 7.306 4.437

Pf dsxtnjv yfrjgktybq lkz cjvybntkmys[ ljkujd !cv. ghbvtxfybt 10@ !470@ !466@ !787@Bnjuj yfrjgktyyst lj[jls b hfc[jls ,eleob[ gthbjljd 7.049 6.840 3.650

Hfc[jls ,eleob[ gthbjljd drk/xf/n d ct,z fdfycjdsq gkfnt; pf fhtyle plfybz d Hbut yf cevve 371 nsc. kfnjd yf 31 ltrf,hz 2000 ujlf. Dsitegjvzyensqfdfycjdsq gkfnt; ,sk exnty <fyrjv d 1999 ujle d htpekmnfnt pfxtnf ytdsgkfxbdftvjuj rhtlbnf d cxtn fhtyls erfpfyyjuj plfybz yf gthbjl ltcznm ktn. Gj vytyb/herjdjlcndf> lj[jls jn fhtyls plfybz gjkyjcnm/ gjrhj/n bplth;rb <fyrf gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr ghjbpdtk ghtljgkfne d hfpvtht 500 nsczx ljkkfhjd CIF !307 nsczx kfnjd@ xfcnyjq fdbfrjvgfybb pf nhfycgjhnysteckeub> rjnjhst ,elen jrfpfys d 2001 ujle.

GHBVTXFYBT 26J<ZPFNTKMCNDF GTHTL RHTLBNYSVB EXHT:LTYBZVB B <FYRJV KFNDBB

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

J,zpfntkmcndf gthtl ,fyrfvb> pfhtubcnhbhjdfyysvb d cnhfyf[ JTCD 21.142 15.012 17.853J,zpfntkmcndf gthtl ,fyrfvb> pfhtubcnhbhjdfyysvb d Kfndbb 3.434 3.434 12.894J,zpfntkmcndf gthtl ,fyrfvb> pfhtubcnhbhjdfyysvb d cnhfyf[ yt-OECD 21.374 19.996 22.180Dctuj j,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb b <fyrjv Kfndbb 45.950 38.442 52.927

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt j,zpfntkmcnd Uheggs gthtl rhtlbnysvb exht;ltybzvb gj chjrfv bcntxtybz%

J,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d%Cnhfyf[ Kfndbb Lheub[ Dctuj Dctuj

OECD cnhfyf[ 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000

Dctuj j,zpfntkmcndf lj djcnht,jdfybz 450 1.716 10.513 12.679 20.407Rhtlbns jn rhtlbnys[ exht;ltybq%

chjrjv yf 1 vtczw 463 1.625 3.993 6.081 24.510chjrjv yf 1-3 vtczwf - - 1.256 1.256 7.000chjrjv yf 3-6 vtczwtd 14.099 - 2.466 16.565 177chjrjv yf 6-12 vtczwtd 6.130 - 3.146 9.276 832chjrjv yf 1-5 ktn - 93 - 93 1

Dctuj rhtlbns jn rhtlbnys[ exht;ltybq 20.692 1.718 10.861 33.271 32.520Dctuj j,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb 21.142 3.434 21.374 45.950 52.972

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf c ,fyrjv yf[jlbkbcm d rjhhtcgjyltyncrb[ jnyjitybz[ !“djcnhj”@ 3 !3@ rhtlbnys[ exht;ltybz> pfhtubcnhbhjdfyyst d cnhfyf[OECD> 12 !12@ rhtlbnys[ exht;ltybq> pfhtubcnhbhjdfyys[ d Kfndbb> b 131 !116@ rhtlbnyjt exht;ltybt> pfhtubcnhbhjdfyyjt d cnhfyf[ yt-OECD.

9 vfz 2000 ujlf <fyr gjkexbk cbylbwbhjdfyysq rhtlbn jn uheggs ,fyrjd> pfhtubcnhbhjdfyys[ d cnhfyf[ OECD> chjrjv gjufitybz 9 vfz 2001 ujlf b ghjwtynyjqcnfdrjq d hfpvtht jlyjvtczxyjq cnfdrb LIBOR gk/c vfh;f 1>25fi d ujl. Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf jcnfnjr cbylbwbhjdfyyjuj rhtlbnf d hfpvtht 23.000nsczx ljkkfhjd CIF !14.099 nsczx kfnjd@ cjcnfdbk 67fi jn j,otq cevvs pfljk;tyyjcnb gthtl rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d cnhfyf[ OECD.

<fyr yf[jlbkcz d rjhhtcgjyltyncrb[ jnyjitybz[ c 9 rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d htubjyt yt-OECD> jcnfnrb yf cxtnf[ rjnjhs[ gj cjcnjzyb/yf 31 ltrf,hz 2000 ujlf cjcnfdbkb 82fi jn j,otq cevvs pfljk;tyyjcnb gthtl rhtlbnysvb exht;ltybzvb> pfhtubcnhbhjdfyysvb d cnhfyf[ yt-OECD.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf d <fyrt ,skb pf,kjrbhjdfys j,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb yf cevve 3.075 nsczx kfnjd> djpdhfn rjnjhs[pfdbcbn jn djpdhfnf jghtltktyys[ rhtlbnjd b fdfycjd.

65

66

GHBVTXFYBT 27LTGJPBNS

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ltgjpbns 319.393 316.069 222.346Chjxyst ltgjpbns cj chjrjv djpdhfnf%

D ntxtybt 1 vtczwf 68.852 68.355 39.134D ntxtybt 1-3 vtczwtd 20.445 19.759 6.819D ntxtybt 3-6 vtczwtd 18.332 17.808 5.271D ntxtybt 6-12 vtczwtd 10.322 10.086 18.121D ntxtybt 1-5 ktn 7.702 7.452 8.471,jktt 5 ktn 2.632 2.584 2.191

Dctuj chjxyst ltgjpbns 128.285 126.044 80.007Dctuj ltgjpbns 447.678 442.113 302.353

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt ltgjpbnjd gj jnhfckzv%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ghfdbntkmcndj 1.925 1.924 9.278Cfvjeghfdktybz 6.057 6.057 3.620Abyfycjdst exht;ltybz 13.475 13.475 16.962Ujcelfhcndtyyst rjvgfybb 16.353 16.353 7.043J,otcndtyyst b htkbubjpyst rjvgfybb 952 855 1.076Xfcnyst rjvgfybb 326.993 323.040 214.206Xfcnyst kbwf 59.983 58.469 35.320Hf,jnybrb <fyrf 21.940 21.940 14.848Dctuj ltgjpbns 447.678 442.113 302.353

Ltgjpbns abyfycjds[ exht;ltybq drk/xf/n d ct,z chtlcndf> gjkextyyst jn Dctvbhyjuj <fyrf lkz abyfycbhjdfybz rhtlbnjd vfksv b chtlybv ghtlghbznbzv>pfhtubcnhbhjdfyysv d Kfndbb. Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf dsitegjvzyenst chtlcndf cjcnfdbkb 4.947 nsczx kfnjd.

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt ltgjpbnjd gj vtcne b[ htubcnhfwbb%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Htpbltyns Kfndbb 113.765 113.856 73.179Ythtpbltyns 333.913 328.257 229.174Dctuj ltgjpbns 447.678 442.113 302.353

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf> d <fyrt ,skb pf,kjrbhjdfys ltgjpbns yf cevve 23.171 nsczxf kfnjd> djpdhfn rjnjhs[ pfdbcbn jn djpdhfnf jghtltktyys[rhtlbnjd b fdfycjd yt-,fyrfv.

GHBVTXFYBT 28GHJXBT J<ZPFNTKMCNDF

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ytdszcytyyst cevvs 1.181 1.134 488Ltymub d genb 2.010 264 4.796Ythtfkbpjdfyysq e,snjr jn ghjbpdjlys[ abyfycjds[ bycnhevtynjd 165 165 80Ghjxbt j,zpfntkmcndf 1.512 371 221Dctuj ghjxbt j,zpfntkmcndf 4.868 1.934 5.585

Cnfnmz ,fkfycf “ytdszcytyyst cevvs” jnhf;ftn nt gjcnegbdibt ltyt;yst gthtxbcktybz> gkfnt;yst gjhextybz rjnjhs[ yt cjlth;fn ljcnfnjxyjq byajhvfwbb lkznjuj> xnj,s <fyr vju ,s pfxbckbnm 'nb gthtxbcktybz yf cjjndtncnde/obt cxtnf rkbtynjd.

GHBVTXFYBT 29YFRJGKTYBZ LKZ J<ZPFNTKMCND B GKFNT:TQ

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Htpthd lkz jgkfns jngecrjd hf,jnybrjd 474 424 224Yfrjgktybz lkz jnchjxtyyjuj yfkjuf yf ghb,skm 239 166 100J,obt yfrjgktybz lkz dslfyys[ ufhfynbq 21 21 21Dctuj yfrjgktybz lkz j,zpfntkmcnd b gkfnt;tq 734 611 345

GHBVTXFYBT 30JGKFXTYYSQ JCYJDYJQ RFGBNFK

Yf 31 ltrf,hz 2000 ujlf pfhtubcnhbhjdfyysq b jgkfxtyysq jcyjdyjq rfgbnfk cjcnfdkzk 30.000.000 kfnjd. D cjjndtncndbb c ecnfdjv <fyrf jcyjdyjq rfgbnfkhfpltkty yf 9.000 nsczx j,sxys[ frwbq c ghfdjv ujkjcf b 21.000 nsczx j,sxys[ frwbq ,tp ghfdf ujkjcf. Yjvbyfkmyfz cnjbvjcnm rf;ljq frwbb <fyrf cjcnfdkztnjlby kfn> b yf 31 ltrf,hz 2000 ujlf dct frwbb ,skb gjkyjcnm/ jgkfxtys.

Yf rjytw jnxtnyjuj ujlf e <fyrf ,skj 5 frwbjythjd. Hfcghtltktybt frwbq vj;tn ,snm jnhf;tyj cktle/obv j,hfpjv%

31#12#2000 31#12#1999Jgkfxtyysq fi jn jgkfxtyyjuj fi jn j,otuj Jgkfxtyysq fi jn jgkfxtyyjuj fi jn j,otuj

rfgbnfk jcyjdyjuj xbckf rfgbnfk jcyjdyjuj xbckfLVL ’000 rfgbnfkf ujkjcjd LVL ’000 rfgbnfkf ujkjcjd

Europe Holding Ltd.> jcnhjd V'y 15.280.00 50>93fi - 15.280.00 50>93fi -Dfkthbq Rfhuby 7.359.50 24>53fi 50fi 7.210.00 24>03fi 50fiDbrnjh Rhfcjdbwrbq 7.359.50 24>53fi 50fi 7.210.00 24>03fi 50fiGhjxbt 1.00 0>01fi - 300.00 1>01fi -Dctuj 30.000.00 100>00fi 100fi 30.000.00 100>00fi 100fi

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf> d cj,cndtyyjcnb <fyrf yt ,skj cdjb[ frwbq.

67

GHBVTXFYBT 31DYT<FKFYCJDST J<ZPFNTKMCNDF

Dyt,fkfycjdst j,zpfntkmcndf drk/xf/n d ct,z djpvj;yst j,zpfntkmcndf> abyfycjdst j,zpfntkmcndf b jgthfwbb gj j,vtye dfk/ns> f nfr;t ghjxbt abyfycjdstbycnhevtyns. Yb;t ghtlcnfdkty gjlhj,ysq gthtxtym djpvj;ys[ b abyfycjds[ j,zpfntkmcnd gj cjcnjzyb/ yf 31 ltrf,hz 2000 b 1999 ujlf%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyrDjpvj;yst j,zpfntkmcndf

Dslfyyst ufhfynbb 7.476 7.195 33.665Frrhtlbnbds 2.346 2.346 3.550

Pf dsxtnjv yfrjgktybq lkz ufhfynbq !cv. ghbvtxfybz 10 b 29@ !21@ !21@ !21@Bnjuj djpvj;yst j,zpfntkmcndf 9.801 9.520 37.194Abyfycjdst j,zpfntkmcndf

Ghtljcnfdktyyst> yj tot yt dslfyyst rhtlbns b ytbcgjkmpjdfyyst rhtlbnyst kbybb 20.467 21.662 13.519Bnjuj abyfycjdst j,zpfntkmcndf 20.467 21.662 13.519

Yb;t ghtlcnfdkty gthtxtym jgthfwbq gj j,vtye dfk/ns b lheub[ abyfycjds[ bycnhevtynjd> c erfpfybtv eckjdyjq jcyjdyjq cevvs b ntreotq cnjbvjcnb. Eckjdyfzjcyjdyfz cevvf jgthfwbq gj j,vtye dfk/ns ghtlcnfdkztn cj,jq cevve j,zpfntkmcnd d hfvrf[ 'nb[ rjynhfrnjd. Eckjdyfz jcyjdyfz cevvf ghjxb[ abyfycjds[bycnhevtynjd ghtlcnfdkztn cj,jq cnjbvjcnm frnbdjd> kt;fob[ d jcyjdt 'nb[ rjynhfrnjd.

Eckjdyfz jcyjdyfz cevvf Ntreofz cnjbvjcnm31#12#2000 31#12#2000 31#12#1999 31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr Uheggf <fyr <fyrCltkrb gj j,vtye byjcnhfyyjq dfk/ns

Cltkrb “spot” 17.545 17.511 6.787 !19@ !19@ 17Cltkrb “forward$ 8.506 10.687 7.172 !2@ !2@ 114Cltkrb “swap” 14.861 18.929 34.263 !19@ !19@ 544

Dctuj cltkrb gj j,vtye byjcnhfyyjq dfk/ns 40.912 47.127 48.222 !40@ !40@ 675Ghjxbt abyfycjdst bycnhevtyns

Ghjlfyyst jgwbjys 8.582 8.582 7.072 !60@ !60@ !80@Regktyyst jgwbjys 80 80 76 - - -Ghjxbt bycnhevtyns 6.092 6.092 - - - -

Dctuj ghjxbt abyfycjdst bycnhevtyns 14.754 14.754 7.148 !60@ !60@ !80@

Ntreofz cnjbvjcnm jgthfwbq gj j,vtye byjcnhfyyjq dfk/ns ,skf exntyf yf ,fkfyct <fyrf b Uheggs d cnfnmz[ “ghjxbt frnbds” b “ghjxbt j,zpfntkmcndf” yf cevve65 !675@ nsczx kfnjd b 105 !0@ nsczx kfnjd cjjndtncndtyyj. Ntreofz cnjbvjcnm ghjxb[ abyfycjds[ bycnhevtynjd ,skf exntyf yf ,fkfyct d cnfnmt “ghjxbtj,zpfntkmcndf” d hfpvtht 60 !80@ nsczx kfnjd.

Yb;t ghtlcnfdktyj utjuhfabxtcrjt hfcghtltktybt dyt,fkfycjds[ j,zpfntkmcnd Uheggs> jcyjdsdfzcm yf cnhfyt ghj;bdfybz rkbtynf#ghjnbdyjq cnjhjys d hfvrf[rjynhfrnf%

Cnhfys Kfndbz Ghjxbt cnhfys DctujOECD yt-OECD LVL ’000

Djpvj;yst j,zpfntkmcndfDslfyyst ufhfynbb pf dsxtnjv yfrjgktybq 1.329 4.601 1.525 7.455Frrhtlbnbds 357 1.288 701 2.346

Dctuj djpvj;yst j,zpfntkmcndf 1.686 5.889 2.226 9.801Abyfycjdst j,zpfntkmcndf

Ghtljcnfdktyyst> yj tot yt dslfyyst rhtlbns b ytbcgjkmpjdfyyst rhtlbnyst kbybb 8.167 11.724 576 20.467Dctuj abyfycjdst j,zpfntkmcndf 8.167 11.724 576 20.467Cltkrb gj j,vtye byjcnhfyyjq dfk/ns

Cltkrb “spot” 5.672 7.828 4.045 17.545Cltkrb “forward” 6.287 863 1.356 8.506Cltkrb “swap” 984 7.828 6.049 14.861

Dctuj cltkrb gj j,vtye byjcnhfyyjq dfk/ns 12.943 16.519 11.450 40.912Ghjxbt abyfycjdst bycnhevtyns

Ghjlfyyst jgwbjys 8.582 - - 8.582Regktyyst jgwbjys - - 80 80Ghjxbt bycnhevtyns 3.570 943 1.579 6.092

Dctuj ghjxbt abyfycjdst bycnhevtyns 12.152 943 1.659 14.754

68

GHBVTXFYBT 32FRNBDS D EGHFDKTYBB

Cjukfcyj nht,jdfybzv V<C> frnbds> rjnjhsvb ljdthtyyjt kbwj eghfdkztn gj gjhextyb/ xfcnys[ kbw> nhfcnjd b ghjxb[ exht;ltybq> yt hfccvfnhbdf/ncz rfr frnbdsljdthtyyjuj kbwf> d cdzpb c xtv jyb yt jnhf;tys d ,fkfyct.

Cjukfcyj nht,jdfybzv <fyrf Kfndbb> chtlcndf d eghfdktybb ljk;ys ,snm drk/xtys d ,fkfyc <fyrf d ljgjkytybt r frnbdfv b j,zpfntkmcndfv.

Yb;t ghtlcnfdkty fyfkbp frnbdjd> rjnjhsvb <fyr eghfdkztn gj gjhextyb/ cdjb[ rkbtynjd> gj nbge bydtcnbwbq%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyrJ,kbufwbb b lheubt ljkujdst j,zpfntkmcndf c abrcbhjdfyysv lj[jljv

- ujcelfhcndtyyst ljkujdst j,zpfntkmcndf dyenhtyytuj pfqvf - - 77- j,kbufwbb ghfdbntkmcnd 1.186 1.186 5.075- byjcnhfyyst veybwbgfkmyst j,kbufwbb 232 232 350- j,kbufwbb rhtlbnys[ exht;ltybq 10 10 939- j,kbufwbb ghjxb[ abyfycjds[ exht;ltybq - - 59- eghfdkztvst ajyls 1.230 1.230 -

Dctuj bydtcnbwbb d j,kbufwbb b lheubt ljkujdst j,zpfntkmcndfc abrcbhjdfyysv lj[jljv 2.658 2.658 6.500

Ghjxbt bydtcnbwbb- rhtlbns 227 227 1.815- frwbb kfndbqcrb[ rhtlbnys[ exht;ltybq - - -- frwbb kfndbqcrb[ rjvgfybq 10 10 1.497- frwbb byjcnhfyys[ rhtlbnys[ exht;ltybq 37 37 49- frwbb byjcnhfyys[ rjvgfybq 915 915 1.143

Dctuj ghjxbt bydtcnbwbb 1.189 1.189 4.504Dctuj frnbds d eghfdktybb 3.847 3.847 11.004

GHBVTXFYBT 33LTYT:YST CHTLCNDF B B{ "RDBDFKTYNS

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt ltyt;ys[ chtlcnd b b[ 'rdbdfktynjd yf 31 ltrf,hz 2000 b 1999 ujlf%

31#12#2000 31#12#2000 31#12#1999LVL ’000 LVL ’000 LVL ’000

Uheggf <fyr <fyr

Ltyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 24.058 23.568 25.014Nht,jdfybz r lheubv rhtlbnysv exht;ltybzv 40.776 40.617 30.774J,zpfntkmcndf lj djcnht,jdfybz gthtl rhtlbnysvb exht;ltybzvb !12.689@ !13.330@ !20.407@Dctuj ltyt;yst chtlcndf b b[ 'rdbdfktyns 52.145 50.855 35.381

69

GHBVTXFYBT 34LJCNFNJXYJCNM RFGBNFKF

Ljcnfnjxyjcnm rfgbnfkf jnhf;ftn nt rfgbnfkmyst htcehcs> rjnjhst ytj,[jlbvs> xnj,s j,tpjgfcbnm ct,z jn rhtlbnyjuj b hsyjxyjuj hbcrjd> cdzpfyys[ c frnbdfvbb dyt,fkfycjdsvb j,zpfntkmcndfvb.

<fyr Kfndbb> rjnjhsq zdkztncz htuekbhe/obv exht;ltybtv lkz rhtlbnys[ exht;ltybq d Kfndbb> nht,etn> xnj,s kfndbqcrbt ,fyrb gjllth;bdfkb ehjdtymljcnfnjxyjcnb rfgbnfkf d hfpvtht 10fi jn dpdtityys[ frnbdjd> hfccxbnfyys[ d cjjndtncndbb c ,e[ufknthcrbvb cnfylfhnfvb Kfndbb. Nht,jdfybz <fyrf Kfndbb djdct[ jcyjdys[ gjpbwbz[ cjjndtncnde/n vt;leyfhjlyj ghbpyfyysv htrjvtylfwbzv> hfphf,jnfyysv <fptkmcrbv Rjvbntnjv d xfcnb hfcxtnf rfgbnfkf> rjnjhsqljk;ty ,snm bcgjkmpjdfy ghb hfcxtnt gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf. Vbybvfkmysq gjrfpfntkm ljcnfnjxyjcnb rfgbnfkf> htrjvtyljdfyysq <fptkmcrbvRjvbntnjv d 1998 ujle> cjcnfdbk 8fi.

D cdzpb c ntv> xnj <fyr bvttn ljxthybt rjvgfybb> zdkz/obtcz abyfycjdsvb exht;ltybzvb> jy ljk;ty cjjndtncndjdfnm pfrjyjlfntkmysv nht,jdfybzv>jcyjdsdfzcm rfr yf abyfycjds[ jnxtnf[ Uheggs> nfr b yf abyfycjds[ jnxtnf[ <fyrf d jnltkmyjcnb. Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf gjrfpfntkmljcnfnjxyjcnb rfgbnfkf Uheggs> hfccxbnfyysq d cjjndtncndbb c htrjvtylfwbzvb <fptkmcrjuj Rjvbntnf> cjcnfdbk 12>6fi> d nj dhtvz rfr gjrfpfntkm ljcnfnjxyjcnbrfgbnfkf Uheggs> hfccxbnfyysq d cjjndtncndbb c nht,jdfybzvb <fyrf Kfndbb> cjcnfdbk 12>2fi. Jlyjdhtvtyyj gjrfpfntkm ljcnfnjxyjcnb rfgbnfkf <fyrf>hfccxbnfyysq d cjjndtncndbb c htrjvtylfwbzvb <fptkmcrjuj Rjvbntnf b jcyjdsdfzcm yf abyfycjds[ jnxtnf[> gjlujnjdktyys[ d cjjndtncndbb c V<C> cjcnfdbk12>5fi !1999% 14>6fi@> d nj dhtvz rfr gjrfpfntkm ljcnfnjxyjcnb rfgbnfkf <fyrf> hfccxbnfyysq d cjjndtncndbb c nht,jdfybzvb <fyrf Kfndbb> cjcnfdbk 12>1fi !1999%14>3fi@.

Yb;t ghtlcnfdkty hfcxtn gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf lkz Uheggs.

Rfgbnfk Uheggs> rjnjhsq ljk;ty ,snm bcgjkmpjdfy ghb hfcxtnt gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf> ,sk hfccxbnfy cktle/obv j,hfpjv%

Jgbcfybt Cevvf d LVL ’000 Dctuj gj ehjdyzv"ktvtyns gthdjuj ehjdyz cj,cndtyyjuj rfgbnfkf

- jgkfxtyysq jcyjdyjq rfgbnfk 30.000- 'vbccbjyyfz yfwtyrf rfgbnfkf -- htpthdysq rfgbnfk -- ghjdthtyyfz felbnjhfvb ythfcghtltktyyfz ghb,skm ghtlsleob[ ktn pf dsxtnjv lbdbltyljd 7.639- ghjdthtyyfz felbnjhfvb ghb,skm pf ntreobq ujl pf dsxtnjv lbdbltyljd 9.025

vbyec- j,ofz yjvbyfkmyfz cnjbvjcnm jgkfxtyys[ ghbdbktubhjdfyys[ frwbq -- yfrjgktyyst e,snrb ghtlsleob[ ktn -- yf[jlzobtcz d cj,cndtyyjcnb rhtlbnyjuj exht;ltybz cj,cndtyyst frwbb -- ytvfnthbfkmyst frnbds d cjjndtncndbb c jghtltktybtv <fyrf Kfndbb !1.577@- e,snrb jnxtnyjuj ujlf -

Dctuj 'ktvtyns gthdjuj ehjdyz cj,cndtyyjuj rfgbnfkf 45.087"ktvtyns dnjhjuj ehjdyz cj,cndtyyjuj rfgbnfkf

- ce,jhlbybhjdfyysq rfgbnfk> rjnjhsq yt vj;tn ghtdsifnm 50fi jn j,otq cevvs 'ktvtynjd gthdjuj ehjdyz -- htpthd j,ob[ hbcrjd> cjplfyysq bp ythfcghtltktyyjq ghb,skb ghtlsleob[ ktn -- htpthd gthtjwtyrb jcyjdys[ chtlcnd> rjnjhsq yt vj;tn ghtdsifnm 70fi jn j,otuj ghbhjcnf cnjbvjcnb

jcyjdys[ chtlcnd> rjnjhsq gjlndthlbkb> gj rhfqytq vtht> 2 ytpfdbcbvs[ 'rcgthnf -- htpthd gthtjwtyrb ljkujchjxys[ bydtcnbwbq d wtyyst ,evfub> rjnjhsq yt vj;tn ghtdsifnm 55fi

jn j,otuj ghbhjcnf ljkujchjxys[ bydtcnbwbq d wtyyst ,evfub -Dctuj 'ktvtyns dnjhjuj ehjdyz cj,cndtyyjuj rfgbnfkf -Pf dsxtnjv exfcnbz d rfgbnfkt lheub[ abyfycjds[ exht;ltybq> rjnjhst yt ,skb rjycjkblbhjdfys !120@Cj,cndtyysq rfgbnfk> rjnjhsq ljk;ty bcgjkmpjdfnmcz d jghtltktyyjv <fyrjv Kfndbb hfcxtnt gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf 44.967Ljgjkybntkmyst 'ktvtyns gthdjuj ehjdyz cj,cndtyyjuj rfgbnfkf

- ytvfnthbfkmyst frnbds !pf bcrk/xtybtv “goodwill”@ 375Ljgjkybntkmyst 'ktvtyns dnjhjuj ehjdyz cj,cndtyyjuj rfgbnfkf

- j,obt yfrjgktybz lkz cjvybntkmys[ ljkujd> rjnjhst yt vjuen ghtdsifnm 1>25fi jn j,otq cevvs frnbdjd> dpdtityys[ gj hbcre 2.340

Cj,cndtyysq rfgbnfk> rjnjhsq d cjjndtncndbb c htrjvtylfwbzvb <fptkmcrjuj Rjvbntnf bcgjkmpetncz d hfcxtnt gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf 47.682

D ljgjkytybt r 'njve> j,ofz cevvf 'ktvtynjd dnjhjuj ehjdyz cj,cndtyyjuj rfgbnfkf yt vj;tn ghtdsifnm j,oe/ cevve 'ktvtynjd gthdjuj ehjdyz.

70

Cktle/ofz nf,kbwf jnhf;ftn dpdtityyst frnbds b dyt,fkfycjdst j,zpfntkmcndf> bcgjkmpetvst d hfcxtnt gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf Uheggs dcjjndtncndbb c nht,jdfybzvb <fyrf Kfndbb%

Hfcxtn gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf Uheggs d cjjndtncndbb c nht,jdfybzvb <fyrf Kfndbb Rhtlbnysq Jcnfnjr Cntgtym Dpdtityyfz'rdbdfktyn hbcrf cnjbvjcnm>

LVL ’000 LVL ’000FrnbdsLtyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 24.058 0fi -Nht,jdfybz r rhtlbnysv exht;ltybzv> j,tcgtxtyyst wtyysvb ,evfufvb kfndbqcrjuj ghfdbntkmcndf 3.000 0fi -Rhtlbns b fdfycs> j,tcgtxtyyst wtyysvb ,evfufvb bkb ufhfynbzvb kfndbqcrjuj ghfdbntkmcndf 1.255 0fi -Rhtlbns b fdfycs yt-,fyrfv> j,tcgtxtyyst ltgjpbnfvb¡¡ 14.800 0fi -Kfndbqcrbt ujcelfhcndtyyst wtyyst ,evfub 18.128 0fi -J,kbufwbb ghfdbntkmcnd cnhfy OECD 14.442 0fi -J,kbufwbb wtynhfkmys[ ,fyrjd cnhfy OECD 2.997 0fi -Eghfdkztvst ajyls c yektdjq cntgtym/ hbcrf 11.151 0fi -Yfrjgktyyst ghjwtynyst lj[jls c yektdjq cntgtym/ hbcrf 730 0fi -Ltgjpbns lj djcnht,jdfybz d kfndbqcrb[ ,fyrf[ 2.621 20fi 524Nht,jdfybz r rhtlbnysv exht;ltybzv cnhfy OECD 87.849 20fi 17.570Wtyyst ,evfub c abrcbhjdfyysv lj[jljv rhtlbnys[ exht;ltybq cnhfy OECD 26.284 20fi 5.257Veybwbgfkmyst wtyyst ,evfub c abrcbhjdfyysv lj[jljv cnhfy OECD 1.221 20fi 244Eghfdkztvst ajyls cj cntgtym/ hbcrf 20fi 228 20fi 46Yfrjgktyyst ghjwtynyst lj[jls cj cntgtym/ hbcrf 20fi 359 20fi 72Ghjxbt nht,jdfybz r kfndbqcrbv rhtlbnysv exht;ltybzv 2.613 50fi 1.307Rhtlbns kfndbqcrbv cfvjeghfdktybzv 4.995 50fi 2.498Rhtlbns b fdfycs yt-,fyrfv> dslfyyst gjl pfkju ;bkjuj ytldb;bvjuj bveotcndf 18.523 50fi 9.262J,kbufwbb kfndbqcrb[ rhtlbnys[ exht;ltybq 1.197 50fi 599Hfc[jls ,eleob[ gthbjljd 1.012 50fi 506Yfrjgktyyst ghjwtynyst lj[jls cj cntgtym/ hbcrf 50fi 178 50fi 89Nht,jdfybz r rhtlbnysv exht;ltybzv cnhfy yt-OECD> pf bcrk/xtybtv Kfndbb 11.242 100fi 11.242Ghjxbt rhtlbns b fdfycs yt-,fyrfv 178.054 100fi 178.054Veybwbgfkmyst wtyyst ,evfub c abrcbhjdfyysv lj[jljv cnhfy yt-OECD> pf bcrk/xtybtv Kfndbb 17.489 100fi 17.489Eghfdkztvst ajyls cj cntgtym/ hbcrf 100fi 5.480 100fi 5.480Ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 60.788 100fi 60.788Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 16.336 100fi 16.336Bydtcnbwbb d abyfycjdst exht;ltybz> rjnjhst yt ,skb rjycjkblbhjdfys 120 ¡ -Ytvfnthbfkmyst frnbds 1.577 ¡ -Jcyjdyst chtlcndf 14.450 100fi 14.450Ghjxbt frnbds 2.791 100fi 2.791Yfrjgktyyst ghjwtynyst lj[jls cj cntgtym/ hbcrf 100fi 4.770 100fi 4.770Dctuj frnbds 550.738 349.374

¡ Dsxntyj bp cj,cndtyyjuj rfgbnfkf.¡¡ D cdzpb cj cgtwbfkmysv nht,jdfybtv <fyrf Kfndbb> yt dct rhtlbns> j,tcgtxtyyst ltgjpbnfvb !cvjnhbnt ghbvtxfybt 14@> ,skb rkfccbabwbhjdfys rfr frnbds c

yektdjq cntgtym/ hbcrf. Ghjxbt rhtlbns> j,tcgtxtyyst ltgjpbnfvb> ,skb rkfccbabwbhjdfys rfr frnbds cj 100fi cntgtym/ hbcrf.

71

Hfcxtn gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf Uheggs d cjjndtncndbb c nht,jdfybzvb <fyrf Kfndbb Rhtlbnysq Jcnfnjr Cntgtym Dpdtityyfz'rdbdfktyn hbcrf cnjbvjcnm>

LVL ’000 LVL ’000

Bnjuj dpdtityyst frnbds 349.374Dyt,fkfycjdst j,zpfntkmcndfFrnbds d eghfdktybb 3.847 ¡ -Dslfyyst ufhfynbb

c yektdjq cntgtym/ hbcrf 100fi 814 0fi -cj 100fi cntgtym/ hbcrf 100fi 6.641 100fi 6.641

Frrhtlbnbdsc yektdjq cntgtym/ hbcrf 50fi 1.530 0fi -cj 100fi cntgtym/ hbcrf 50fi 816 100fi 408

Abyfycjdst j,zpfntkmcndfc yektdjq cntgtym/ hbcrf 50fi 4.031 0fi -c 50fi cntgtym/ hbcrf 50fi 317 50fi 79cj 100fi cntgtym/ hbcrf 50fi 16.120 100fi 8.060

Cltkrb gj j,vtye byjcnhfyyjq dfk/nsRjynhfrns cj chjrjv gjufitybz vtytt 14 lytq 29.141 ¡ -Rjynhfrns> yf[jlzobtcz d j,hfotybb yf ,bh;f[ 884 ¡ -Rjynhfrns c gthdjyfxfkmysv chjrjv gjufitybz vtytt 1 ujlf%

c yektdjq cntgtym/ hbcrf 1>0fi 249 0fi -c 50fi cntgtym/ hbcrf 1>0fi 3.551 50fi 18cj 100fi cntgtym/ hbcrf !gfhnyths bp cnhfy OECD b Kfndbb@ 1>0fi 4.000 100fi 40cj 100fi cntgtym/ hbcrf !gfhnyths bp cnhfy yt-OECD@ 1>5fi 2.487 100fi 37

Rjynhfrns c gthdjyfxfkmysv chjrjv gjufitybz jn 1 lj 5 ktn 5>0fi 600 0fi -Rjynhfrns> cdzpfyyst c ghjwtynysvb cnfdrfvb

Gfhnyths bp cnhfy OECD 0>0fi 8.582 100fi -Gfhnyths bp cnhfy yt-OECD 0>5fi 80 100fi -

Ghjxbt abyfycjdst bycnhevtyns> yf[jlzobtcz d j,hfotybb yf ,bh;f[ 6.092 ¡ -Bnjuj dpdtityyst frnbds b dyt,fkfycjdst j,zpfntkmcndf 364.657Jnrhsnfz gjpbwbz d byjcnhfyyjq dfk/nt> gjlkt;fofz nht,jdfybzv rfgbnfkf 4.435Cj,cndtyysq rfgbnfk> bcgjkmpe/obqcz lkz hfcxtnf gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf 44.967Gjrfpfntkm ljcnfnjxyjcnb rfgbnfkf Uheggs 12>2fi

72

Erfpfyysq d abyfycjds[ jnxtnf[ gjrfpfntkm ljcnfnjxyjcnb rfgbnfkf> d cjjndtncndbb c hfphf,jnfyysvb <fptkmcrbv Rjvbntnjv htrjvtylfwbzvb> hfccxbnfy cbcgjkmpjdfybtv cktle/ob[ cntgtytq hbcrf dpdtityys[ frnbdjd%

0fi - Ltyt;yst chtlcndf- Nht,jdfybz r <fyre Kfndbb- Bydtcnbwbb d wtyyst ,evfub ghfdbntkmcndf Kfndbqcrjq Htcge,kbrb- Rhtlbns> j,tcgtxtyyst ltyt;ysv pfkjujv bkb ufhfynbzvb ghfdbntkmcndf- Nht,jdfybz r ghfdbntkmcndfv b wtynhfkmysv ,fyrfv cnhfy OECD

20fi - Nht,jdfybz r ujcelfhcndtyysv rhtlbnysv exht;ltybzv cnhfy OECD- Nht,jdfybz r veybwbgfkbntnfv cnhfy OECD

50fi - Dslfyyst rhtlbns b dyt,fkfycjdst j,zpfntkmcndf gthtl rkbtynfvb> gjkyjcnm/ j,tcgtxtyyst ;bksv ytldb;bvsv bveotcndjv

100fi - Nht,jdfybz r ujcelfhcndtyysv rhtlbnysv exht;ltybzv cnhfy yt-OECD- Bydtcnbwbb d ujcelfhcndtyyst wtyyst ,evfub cnhfy yt-OECD- Ghjxbt rhtlbns b dyt,fkfycjdst j,zpfntkmcndf gthtl rkbtynfvb- Yfrjgktyyst lj[jls> hfc[jls ,eleob[ gthbjljd b ghjxbt rhfnrjchjxyst b ljkujchjxyst frnbds !ehjdtym hbcrf

yfrjgktyys[ ghjwtynys[ lj[jljd ecnfyfdkbdftncz> jcyjdsdfzcm yf ehjdyt hbcrf cjjndtncnde/otuj frnbdf@- Ufhfynbb b frrhtlbnbds c ehjdytv hbcrf dsit yekz

Cktle/ofz nf,kbwf jnhf;ftn frnbds b dyt,fkfycjdst j,zpfntkmcndf> bcgjkmpetvst d hfcxtnt gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf Uheggs d cjjndtncndbb chtrjvtylfwbzvb <fptkmcrjuj rjvbntnf%

Hfcxtn gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf Uheggs d cjjndtncndbb c htrjvtylfwbzvb <fptkmcrjuj rjvbntnf Rhtlbnysq Jcnfnjr Cntgtym Dpdtityyfz'rdbdfktyn hbcrf cnjbvjcnm>

LVL ’000 LVL ’000

Ltyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 24.058 0fi -Nht,jdfybz r rhtlbnysv exht;ltybzv> j,tcgtxtyyst wtyysvb ,evfufvb kfndbqcrjuj ghfdbntkmcndf 3.000 0fi -Rhtlbns b fdfycs> j,tcgtxtyyst wtyysvb ,evfufvb bkb ufhfynbzvb kfndbqcrjuj ghfdbntkmcndf 1.255 0fi -Rhtlbns b fdfycs yt-,fyrfv> j,tcgtxtyyst ltgjpbnfvb¡¡ 14.800 0fi -Wtyyst ,evfub kfndbqcrjuj ujcelfhcndf 18.128 0fi -J,kbufwbb ghfdbntkmcnd cnhfy OECD 14.442 0fi -J,kbufwbb wtynhfkmys[ ,fyrjd cnhfy OECD 2.997 0fi -Eghfdkztvst ajyls c yektdjq cntgtym/ hbcrf 11.151 0fi -Yfrjgktyyst ghjwtynyst lj[jls c yektdjq cntgtym/ hbcrf 730 0fi -Nht,jdfybz r rhtlbnysv exht;ltybzv cnhfy OECD 87.849 20fi 17.570Wtyyst ,evfub c abrcbhjdfyysv lj[jljv rhtlbnys[ exht;ltybq cnhfy OECD 26.284 20fi 5.257Veybwbgfkmyst wtyyst ,evfub c abrcbhjdfyysv lj[jljv cnhfy OECD 1.221 20fi 244Eghfdkztvst ajyls cj cntgtym/ hbcrf 20fi 228 20fi 46Yfrjgktyyst ghjwtynyst lj[jls cj cntgtym/ hbcrf 20fi 359 20fi 72Rhtlbns b fdfycs yt-,fyrfv> dslfyyst gjl pfkju ;bkjuj ytldb;bvjuj bveotcndf 18.523 50fi 9.262Yfrjgktyyst ghjwtynyst lj[jls cj cntgtym/ hbcrf 50fi 177 50fi 89Ghjxbt nht,jdfybz r kfndbqcrbv rhtlbnysv exht;ltybzv 5.234 100fi 5.234Nht,jdfybz r rhtlbnysv exht;ltybzv cnhfy yt-OECD> pf bcrk/xtybtv Kfndbb 11.242 100fi 11.242Ghjxbt rhtlbns b fdfycs yt-,fyrfv 183.049 100fi 183.049Ghjxbt wtyyst ,evfub kfndbqcrb[ rhtlbnys[ exht;ltybq c abrcbhjdfyysv lj[jljv 1.197 100fi 1.197Wtyyst ,evfub c abrcbhjdfyysv lj[jljv ghfdbntkmcnd b veybwbgfkbntnjd cnhfy

yt-OECD> pf bcrk/xtybtv Kfndbb 17.489 100fi 17.489Eghfdkztvst ajyls cj cntgtym/ hbcrf 100fi 5.480 100fi 5.480Ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 60.788 100fi 60.788Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 16.336 100fi 16.336Bydtcnbwbb d abyfycjdst exht;ltybz> rjnjhst yt ,skb rjycjkblbhjdfys 120 ¡ -“Goodwill”> djpybribq d cdzpb c gjregrjq ljxthyb[ rjvgfybq 1.202 ¡ -Ytvfnthbfkmyst frnbds 375 100fi 375Jcyjdyst chtlcndf 14.450 100fi 14.450Ghjxbt frnbds 2.791 100fi 2.791Hfc[jls ,eleob[ gthbjljd 1.012 100fi 1.012Yfrjgktyyst ghjwtynyst lj[jls cj cntgtym/ hbcrf 100fi 4.771 100fi 4.771Dctuj frnbds 550.738 356.754

¡ Dsxntyj bp cj,cndtyyjuj rfgbnfkf.¡¡ Bcgjkmpjdfy nfrjq ;t ghbywbg> rfr b lkz hfcxtnf ljcnfnjxyjcnb rfgbnfkf> cjukfcyj nht,jdfybzv <fyrf Kfndbb.

73

Hfcxtn gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf Uheggs d cjjndtncndbb c htrjvtylfwbzvb <fptkmcrjuj rjvbntnf Rhtlbnysq Jcnfnjr Cntgtym Dpdtityyfz'rdbdfktyn hbcrf cnjbvjcnm

LVL ’000 LVL ’000

Bnjuj dpdtityyst frnbds 356.754Dyt,fkfycjdst j,zpfntkmcndfFrnbds d eghfdktybb 3.847 ¡ -Dslfyyst ufhfynbb

c yektdjq cntgtym/ hbcrf 100fi 814 0fi -cj 100fi cntgtym/ hbcrf 100fi 6.641 100fi 6.641

Frrhtlbnbdsc yektdjq cntgtym/ hbcrf 50fi 1.530 0fi -cj 100fi cntgtym/ hbcrf 50fi 816 100fi 408

Abyfycjdst j,zpfntkmcndfc yektdjq cntgtym/ hbcrf 50fi 4.031 0fi -c 50fi cntgtym/ hbcrf 50fi 317 50fi 79cj 100fi cntgtym/ hbcrf 50fi 16.120 100fi 8.060

Cltkrb gj j,vtye byjcnhfyyjq dfk/nsRjynhfrns cj chjrjv gjufitybz vtytt 14 lytq 29.141 ¡ -Rjynhfrns c gthdjyfxfkmysv chjrjv gjufitybz vtytt 1 ujlf%

c yektdjq cntgtym/ hbcrf 1>0fi 249 0fi -c 20fi cntgtym/ hbcrf 1>0fi 884 20fi 2cj 100fi cntgtym/ hbcrf 1>0fi 10.038 100fi 100

Rjynhfrns c gthdjyfxfkmysv chjrjv gjufitybz jn 1 lj 5 ktn 5>0fi 600 0fi -Rjynhfrns> cdzpfyyst c ghjwtynysvb cnfdrfvb

Gfhnyths bp cnhfy OECD 0>0fi 8.582 100fi -Gfhnyths bp cnhfy yt-OECD 0>5fi 80 100fi -

Ghjxbt abyfycjdst bycnhevtyns> yf[jlzobtcz d j,hfotybb yf ,bh;f[ 10>0fi 6.092 100fi 609Bnjuj dpdtityyst frnbds b dyt,fkfycjdst j,zpfntkmcndf 372.653Jnrhsnfz gjpbwbz d byjcnhfyyjq dfk/nt> gjlkt;fofz nht,jdfybzv rfgbnfkf 5.334Cj,cndtyysq rfgbnfk> bcgjkmpe/obqcz lkz hfcxtnf gjrfpfntkz ljcnfnjxyjcnb rfgbnfkf 47.682Gjrfpfntkm ljcnfnjxyjcnb rfgbnfkf Uheggs 12>6fi

74

GHBVTXFYBT 35. HFCGHTLTKTYBT FRNBDJD> J<ZPFNTKMCND B DYT<FKFYCJDS{ J<ZPFNTKMCND GJJCNFDITVECZ CHJRE B{ DJPDHFNF B GJUFITYBZ

Jnyjitybt chjrjd frnbdjd b gfccbdjd> f nfr;t dyt,fkfycjds[ j,zpfntkmcnd cdzpfyj c hbcrjv kbrdblyjcnb b erfpsdftn yf nj> d rfrjv hfpvtht ,skb ,s ytj,[jlbvsltyt;yst chtlcndf> xnj,s dsgjkybnm ceotcnde/obt j,zpfntkmcndf. Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt frnbdjd> gfccbdjd b dyt,fkfycjds[ j,zpfntkmcndgj jcnfditvecz chjre b[ djpdhfnf b gjufitybz.

1 vtc. 1-3 vtc. 3-6 vtc. 6-12 vtc. 1-5 ktn <jktt 5 ktn Dctuj bkb

,tcchjxystLVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000

FrnbdsLtyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 24.058 - - - - - 24.058Nht,jdfybz r rhtlbnysv exht;ltybzv 91.536 10.487 - 613 893 3.796 107.325Rhtlbns b fdfycs yt-,fyrfv 25.851 12.397 16.381 25.457 94.827 42.714 217.627J,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 597 2.649 4.018 21.583 84.351 46.207 159.405Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv - - - - - 16.336 16.336Exfcnbt d rfgbnfkt ljxthyb[ ghtlghbznbq - - - - - 120 120Ytvfnthbfkmyst frnbds - - - - - 1.577 1.577Jcyjdyst chtlcndf - - - - - 14.450 14.450Ghjxbt frnbds 1.656 157 181 125 90 582 2.791Yfrjgktyyst lj[jls b hfc[jls ,eleob[ gthbjljd 3.607 1.386 784 189 280 803 7.049Dctuj frnbds 147.306 27.076 21.364 47.967 180.441 126.585 550.738J,zpfntkmcndfJ,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb b <fyrjv Kfndbb 18.770 1.256 16.565 9.266 93 - 45.950Ltgjpbns 388.246 20.445 18.332 10.322 7.702 2.631 447.678Ghjxbt j,zpfntkmcndf 4.512 356 - - - - 4.868Lj[jls ,eleob[ gthbjljd b yfrjgktyyst hfc[jls 2.085 314 575 261 41 48 3.324Yfrjgktybz lkz j,zpfntkmcnd b gkfnt;tq - 109 145 385 - 95 734Rfgbnfk b htpthds - - - - - 47.664 47.664Ljkz exfcnbz ljxthyb[ rjvgfybq - - - - - 520 520Dctuj j,zpfntkmcndf> b rfgbnfk b htpthds 413.613 22.480 35.617 20.234 7.836 50.958 550.738Dyt,fkfycjdst j,zpfntkmcndfDjpvj;yst j,zpfntkmcndfDslfyyst ufhfynbb - 960 168 2.931 1.286 1.806 7.455Frrhtlbnbds - 332 895 738 5 - 2.346Dctuj djpvj;yst j,zpfntkmcndf - 1.292 1.063 3.669 1.291 1.806 9.801Abyfycjdst j,zpfntkmcndfDslfyyst> yj tot yt dsgkfxtyyst rhtlbns b ytbcgjkmpjdfyyst rhtlbnyst kbybb 20.467 - - - - - 20.467Dctuj abyfycjdst j,zpfntkmcndf 20.467 - - - - - 20.467Cltkrb gj j,vtye byjcnhfyyjq dfk/nsCltkrb “spot” 17.545 - - - - - 17.545Cltkrb “forward” 6.715 1.791 - - - - 8.506Cltkrb “swap” 14.261 - - - 600 - 14.861Ghjxbt abyfycjdst bycnhevtyns 1.110 4.982 8.662 - - - 14.754Dctuj abyfycjdst bycnhevtyns 39.631 6.773 8.662 - 600 - 55.666

Yf lfyysq vjvtyn byajhvfwbjyyfz cbcntvf <fyrf yt ghtljcnfdkztn djpvj;yjcnb lkz fyfkbpf dslfyys[ rhtlbnjd gj jcnfditvecz chjre lj b[ djpdhfnf> ghbybvfzdj dybvfybt uhfabr gjufitybz rhtlbnjd. D cdzpb c ytj,[jlbvjcnm/ ghjdtltybz xhtpdsxfqyj ,jkmijuj rjkbxtcndf hf,jn lkz gjlujnjdrb nfrjuj fyfkbpf>herjdjlcndj yt gjcxbnfkj wtktcjj,hfpysv ghtlcnfdktybt 'njuj fyfkbpf d lfyys[ abyfycjds[ jnxtnf[. Cjjndtncndtyyj dsiterfpfyyfz nf,kbwf ,skf gjlujnjdktyf>jcyjdsdfzcm yf ghtlgjkj;tybb> xnj dcz jcyjdyfz cevvf rhtlbnf gjufiftncz d gjcktlybq ltym chjrf rhtlbnf.

75

GHBVTXFYBT 36GTHTJWTYRF GHJWTYNYS{ CNFDJR FRNBDJD B J<ZPFNTKMCND

Hbcr ghjwtynys[ cnfdjr zdkztncz gjrfpfntktv xedcndbntkmyjcnb abyfycjdjq gjpbwbb <fyrf b tuj ljxthyb[ rjvgfybq gj jnyjityb/ r bpvtytybzv hsyjxys[ghjwtynys[ cnfdjr. D [jlt t;tlytdyjq rjvvthxtcrjq ltzntkmyjcnb> <fyr b tuj ljxthybt rjvgfybb cnfkrbdf/ncz c hbcrjv ghjwtynys[ cnfdjr d htpekmnfnt hfpybwsvt;le chjrfvb gjufitybz bkb chjrfvb gthtcvjnhf ghjwtynys[ cnfdjr cjjndtncnde/ob[ frnbdjd b j,zpfntkmcnd. Hbcr ghjwtynys[ cnfdjr rjynhjkbhetncz cgjvjom/ ltzntkmyjcnb htcehcyjuj eghfdktybz <fyrf.

1 vtc. 1-3 vtc. 3-6 vtc. 6-12 vtc. 1-5 ktn <jktt <tcghj- Dctuj5 ktn wtynyst

LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000 LVL ’000FrnbdsLtyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb - - - - - - 24.058 24.058Nht,jdfybz r rhtlbnysv exht;ltybzv 91.536 10.487 - 613 893 3.796 - 107.325Rhtlbns b fdfycs yt-,fyrfv 27.369 12.236 13.734 29.114 88.504 36.334 10.336 217.627J,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 597 23.566 4.018 15.757 70.402 45.065 - 159.405Frwbb b ghjxbt wtyyst ,evfub

c ytabrcbhjdfyysv lj[jljv - - - - - - 16.336 16.336Exfcnbt d rfgbnfkt ljxthyb[ rjvgfybq - - - - - - 120 120Ytvfnthbfkmyst frnbds - - - - - - 1.577 1577Jcyjdyst chtlcndf - - - - - - 14.450 14.450Ghjxbt frnbds - - - - 150 - 2.641 2.641Yfrjgktyyst lj[jls b hfc[jls ,eleob[ gthbjljd - - - - - - 7.049 7.049Dctuj frnbds 119.502 46.289 17.752 45.484 159.949 85.195 76.567 550.738J,zpfntkmcndfJ,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb

b <fyrjv Kfndbb 31.831 1.151 467 3.146 - - 9.355 45.950Ltgjpbns 131.676 20.353 18.249 10.107 3.993 1.058 262.242 447.678Ghjxbt j,zpfntkmcndf - - - - - - 4.868 4.868Lj[jls ,eleob[ gthbjljd b yfrjgktyyst hfc[jls - - - - - - 3.324 3.324Yfrjgktybz lkz j,zpfntkmcnd b gkfnt;tq - - - - - - 734 734Dctuj j,zpfntkmcndf 163.507 21.504 18.716 13.253 3.393 1.058 280.713 502.554Rfgbnfk b htpthds - - - - - - 47.664 47.664Ljkz exfcnbz ljxthyb[ rjvgfybq - - - - - - 520 520Dctuj j,zpfntkmcndf> b rfgbnfk b htpthds 163.507 21.504 18.716 13.253 3.393 1.058 328.897 550.738

76

GHBVTXFYBT 37DFK?NYSQ FYFKBP FRNBDJD B GFCCBDJD

Cktle/ofz nf,kbwf jnhf;ftn hfcghtltktybt frnbdjd> j,zpfntkmcnd> rfgbnfkf b htpthdjd> f nfr;t dyt,fkfycjds[ j,zpfntkmcnd <fyrf gj dfk/nfv yf 31 ltrf,hz 2000 ujlf%

LVL USD EUR GBP RUB Ghjxbt Dctuj dfk/ns LVL ’000

FrnbdsLtyt;yst chtlcndf b nht,jdfybz r <fyre Kfndbb 24.058 4.547 1.021 391 38 769 24.058Nht,jdfybz r rhtlbnysv exht;ltybzv 6.063 80.075 6.250 4.335 6.864 3.718 107.325Rhtlbns b fdfycs yt-,fyrfv 37.682 159.119 16.627 108 23 4.428 217.627J,kbufwbb b ghjxbt wtyyst ,evfub c abrcbhjdfyysv lj[jljv 21.680 133.287 866 3.572 - - 159.405Frwbb b ghjxbt wtyyst ,evfub c ytabrcbhjdfyysv lj[jljv 445 15.819 - - - 72 16.336Exfcnbt d rfgbnfkt cdzpfyys[ ljxthyb[ ghtlghbznbq 120 - - - - - -Ytvfnthbfkmyst frnbds 1.429 - - - - 148 1.577Jcyjdyst chtlcndf 12.641 - - - - 1.809 14.450Ghjxbt frnbds 1.219 1.079 257 11 7 218 2.791Yfrjgktyyst ghjwtynyst lj[jls b hfc[jls ,eleob[ gthbjljd 1.668 4.784 413 82 7 95 7.049Dctuj frnbds 100.239 398.710 25.074 8.519 6.939 11.257 550.738J,zpfntkmcndfJ,zpfntkmcndf gthtl rhtlbnysvb exht;ltybzvb b <fyrjv Kfndbb 1.560 42.047 955 81 63 1.244 45.950Ltgjpbns 51.880 346.146 30.148 7.881 6.808 4.815 447.678Ghjxbt j,zpfntkmcndf 428 3.325 341 40 111 623 4.868Lj[jls ,eleob[ gthbjljd b yfrjgktyyst hfc[jls 810 2.375 41 - - 98 3.324Yfrjgktybz lkz j,zpfntkmcnd b gkfnt;tq 656 - - - - 78 734Dctuj j,zpfntkmcndf 55.334 393.893 31.485 8.002 6.982 6.858 502.554Ljkz exfcnbz ljxthyb[ rjvgfybq - - - - - 520 520Rfgbnfk b htpthds 47.664 - - - - - 47.664Dctuj j,zpfntkmcndf> b rfgbnfk b htpthds 102.998 393.893 31.485 8.002 6.982 7.378 550.738Lkbyyfz#!rjhjnrfz@ gjpbwbz ,fkfycf !2.579@ 4.817 !6.411@ 517 !43@ 3.879 -Dyt,fkfycjdst j,zpfntkmcndf> dsntrf/obt bp cltkjr gj j,vtye dfk/nsNht,jdfybz> dsntrf/obt bp cltkjr “spot” 682 7.831 7.550 734 - 730 17.526Nht,jdfybz> dsntrf/obt bp cltkjr “forward” 596 1.335 3.149 275 - 3.238 8.593Nht,jdfybz> dsntrf/obt bp cltkjr “swap” 6.410 4.194 1.552 92 - 2.518 14.765Dctuj 7.688 13.360 12.251 1.100 - 6.486 40.885Dyt,fkfycjdst j,zpfntkmcndf> dsntrf/obt bp jgthfwbq gj j,vtye dfk/nsJ,zpfntkmcndf> dsntrf/obt bp cltkjr “spot” 2.912 9.153 4.479 322 - 678 17.545J,zpfntkmcndf> dsntrf/obt bp cltkjr “forward” - 4.385 1.201 477 - 4.444 8.506J,zpfntkmcndf> dsntrf/obt bp cltkjr “swap” 1.365 8.140 1.368 917 302 2.769 14.861Dctuj 4.278 21.677 7.048 1.716 302 5.891 40.912Lkbyyfz#!rjhjnrfz@ gjpbwbz gj j,vtye byjcnhfyyjq dfk/ns 3.410 !8.318@ 5.203 !615@ !302@ 595 !27@Lkbyyfz#!rjhjnrfz@ gjpbwbz ,fkfycf 651 !3.501@ !1.208@ !98@ !345@ 4.474 !27@

Rehc j,vtyf dfk/ns yf 31 ltrf,hz 2000 !1 kfn pf tlbybwe dfk/ns@ 1>000 1>631 1>754 1>091 46>296 N/A -

Pyfxbntkmyfz xfcnm rhtlbnjd rkbtynjd dslfyf d ljkkfhf[ CIF. {jnz 'nb rhtlbns d jcyjdyjq cdjtq vfcct abyfycbhjdfys ltgjpbnfvb d ljkkfhf[ CIF> gjdsitybtrehcf ljkkfhf CIF gj jnyjityb/ r rehce kfnf vj;tn yt,kfujghbznyj gjdkbznm yf cgjcj,yjcnm pftvobrjd djpdhfnbnm ljkub> nfrbv j,hfpjv edtkbxbd dthjznyjcnmdjpvj;ys[ e,snrjd d ,eleotv.

<fyrjdcrjt pfrjyjlfntkmcndj Kfndbb ghtlecvfnhbdftn> xnj jnrhsnfz dfk/nyfz gjpbwbz d rf;ljq rjyrhtnyjq dfk/nt yt ljk;yf ghtdsifnm 10fi rfgbnfkf <fyrf!jghtltktybt rfgbnfkf d cjjndtncndbb c nht,jdfybzvb <fyrf Kfndbb ghtlcnfdktyj d ghbvtxfybb 34@ b xnj j,ofz jnrhsnfz gjpbwbz d byjcnhfyyjq dfk/nt yt vj;tnghtdsifnm 20fi rfgbnfkf.

Gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf <fyr dsgjkybk dsitegjvzyenst nht,jdfybz.

77

GHBVTXFYBT 38CELJGHJBPDJLCNDJ B BCRB

D [jlt t;tlytdyjq rjvvthxtcrjq ltzntkmyjcnb <fyr djdktxty d ytrjnjhjt rjkbxtcndj celt,ys[ ghjwtccjd c nht,jdfybtv djpvtotybz e,snrjd> dsgkfns ghjwtynjdgj ytdjpdhfotyysv rhtlbnfv bkb dsgkfns cfvb[ ytdjpdhfotyys[ rhtlbnjd b gthtlfxb dj dkfltybt <fyrf bveotcndf> pfkj;tyyjuj d j,tcgtxtybt dsitegjvzyens[rhtlbnjd. Herjdjlcndj <fyrf cxbnftn> xnj yb jlby bp celt,ys[ ghjwtccjd> yt jrjyxtyys[ yf 31 ltrf,hz 2000 ujlf> yt ghbytctn <fyre ybrfrb[ e,snrjd.

GHBVTXFYBT 39JGTHFWBB CJ CDZPFYYSVB KBWFVB

Cdzpfyysvb kbwfvb cxbnf/ncz frwbjyths> rjnjhst vjuen ceotcndtyyj gjdkbznm yf ltzntkmyjcnm <fyrf> xktys Cjdtnf b Ghfdktybz> herjdjlzobt hf,jnybrb> b[,kbprbt hjlcndtyybrb> f nfr;t rjynhjkbhetvst bvb ljxthybt rjvgfybb b cdzpfyyst rjvgfybb.

31#12#2000 31#12#1999LVL ’000 LVL ’000

J,obq rhtlbnysq hbcr gj jgthfwbzv cj cdzpfyysvb kbwfvb- rhtlbns cdzpfyysv kbwfv 12.763 1.612- exfcnbt d rfgbnfkt cdzpfyys[ b ljxthyb[ rjvgfybq 3.724 414- ufhfynbb> dslfyyst cdzpfyysv kbwfv 1.778 140

18.265 2.166

Dctuj ltgjpbns jn cdzpfyys[ kbw 24.395 19.175

Cevvf d LVL ’000 EckjdbzJ,obq rhtlbnysq hbcr gj jgthfwbzv cj cdzpfyysvb kbwfvb- rhtlbns cdzpfyysv kbwfv 12.763 0-14fi- exfcnbt d rfgbnfkt cdzpfyys[ b ljxthyb[ rjvgfybq 3.724 -- ufhfynbb> dslfyyst cdzpfyysv kbwfv 1.778 -

18.265

Dctuj ltgjpbns jn cdzpfyys[ kbw 24.395 0-24fi

Yf 31 ltrf,hz 2000 ujlf <fyr yt cjplfk cgtwbfkmys[ yfrjgktybq lkz rhtlbnjd b ufhfynbq> dslfyys[ cdzpfyysv kbwfv.

D [jlt t;tlytdyjq rjvvthxtcrjq ltzntkmyjcnb cnhf[jdfz rjvgfybz FJ Parekss Apdroßinåßanas Kompånija, zdkz/ofzcz cdzpfyyjq c <fyrjv rjvgfybtq>cnhf[etn pfkjub gjl rhtlbns> dslfyyst rkbtynfv <fyrf.

78

79

PFRK?XTYBT FELBNJHJD

Frwbjythfv FJ Parekss banka

Vs ghjdtkb felbn rjycjkblbhjdfyyjuj ,fkfycf FJ Parekss banka b tuj ljxthyb[ rjvgfybq !Uheggs@ gj cjcnjzyb/ yf 31 ltrf,hz2000 ujlf> f nfr;t cdzpfyys[ c ybv rjycjkblbhjdfyyjuj jnxtnf j ghb,skb b e,snrf[> rjycjkblbhjdfyyjuj jnxtnf j, bpvtytybz[ drfgbnfkt b htpthdf[ b rjycjkblbhjdfyyjuj jnxtnf j ldb;tybb ltyt;ys[ chtlcnd pf 2000 ujl. Vs nfr;t ghjdtkb felbn ,fkfycf FJParekss banka !<fyrf@ gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf> f nfr;t cdzpfyys[ c ybv jnxtnf j ghb,skb b e,snrf[> jnxtnf j,bpvtytybz[ d rfgbnfkt b htpthdf[ b jnxtnf j ldb;tybb ltyt;ys[ chtlcnd pf 2000 ujl. Pf lfyyst abyfycjdst jnxtns> ghbdtltyystyf cnhfybwf[ 44-78> jndtncndtyyjcnm ytctn herjdjlcndj FJ Parekss banka. Yfif j,zpfyyjcnm pfrk/xftncz d njv> xnj,sghtlcnfdbnm felbnjhcrjt pfrk/xtybt d jnyjitybb lfyys[ jnxtnjd yf jcyjdfybb ghjdtltyyjuj felbnf.

Vs ghjdtkb felbn d cjjndtncndbb c Vt;leyfhjlysvb cnfylfhnfvb felbnf> bplfyysvb Vt;leyfhjlyjq atlthfwbtq ,e[ufknthjd.Lfyyst cnfylfhns nht,e/n> xnj,s felbn gkfybhjdfkcz b ghjdjlbkcz nfrbv j,hfpjv> xnj,s gjkexbnm ljcnfnjxye/ edthtyyjcnm dnjv> xnj abyfycjdst jnxtns yt cjlth;fn ceotcndtyys[ bcrf;tybq. Felbn drk/xftn d ct,z ghjdthre yf ds,jhjxyjq jcyjdtj,jcyjdfyyjcnb cevv b gjzcytybq> cjlth;fob[cz d abyfycjds[ jnxtnf[. Rhjvt njuj> felbn drk/xftn jwtyre ghbvtytyys[,e[ufknthcrb[ ghbywbgjd b ceotcndtyys[ jwtyjr herjdjlcndf> f nfr;t jwtyre ghtlcnfdktybz abyfycjds[ jnxtnjd d wtkjv. Vsgjkfuftv> xnj ghjdtltyysq yfvb felbn lftn ljcnfnjxyst jcyjdfybz lkz njuj> xnj,s dscrfpfnm yfit vytybt.

Gj yfitve vytyb/> dsitegjvzyenst abyfycjdst jnxtns dj dct[ ceotcndtyys[ fcgtrnf[ ljcnjdthyj jnhf;f/n abyfycjdjtgjkj;tybt Uheggs b <fyrf gj cjcnjzyb/ yf 31 ltrf,hz 2000 ujlf> htpekmnfns b[ ltzntkmyjcnb d 2000 ujle b ldb;tybt ltyt;ys[chtlcnd pf 2000 ujl d cjjndtncndbb c Vt;leyfhjlysvb ,e[ufknthcrbvb cnfylfhnfvb.

Arthur Andersen


Abkbfks

UthvfybzAhfyraehn-yf-Vfqyt D-61479 Glashütten; ntk. 49(0)6174-63615

Hjccbz Vjcrdf ek. Cfljdj-Relhbycrfz> 20-201& ntk. 7-095-7377340Cfyrn-Gtnth,ehu ek. Fhnbkkthbqcrfz> 1-342& ntk. 7-812-3242323Trfnthby,ehu ek. Itdxtyrj> 9-318& ntk. 7-3432-777211

Erhfbyf Lytghjgtnhjdcr ek. Vtxybrjdf> 3-1& ntk. 38-0562-320166Rbtd ek. Cnhtktwrfz> 16-41& ntk. 38-044-2446715

<tkjheccbzVbycr ek. A.Crjhbys> 58& ntk. 375-172-020960

Rfpf[cnfy Fkvfns ek. Htcge,kbrb> 15-524& ntk. 7-3272-639872

Vjkljdf Rbibytd ek. Vbnhjgjkbnf <fyektcre <jljyb, 57/1-216&

ntk. 373-2233856

Fpth,fql;fy<fre ek. Ybpfvb> 91-23& ntk. 99-412-980838

“Parekss Lîzings”ek. Cvbkie> 5> Hbuf> LV-1522> Kfndbzntktajy 371 7010890afrc 371 7010087

“Parekss apdroßinåßanas kompånija”ek. R.<fhjyf, 20/22,Hbuf> LV-1050, Kfndbzntktajy 371 7010090afrc 371 7010091

“Parekss Brokeru Sistéma”ek. Wbnfltktc> 2> rf,. 314> Hbuf> LV-1010, Kfndbzntktajy 371 7326455afrc 371 7323948

“Atklåtais Pensiju Fonds –Sociålais Nodroßinåjums”ek. R.<fhjyf, 20/22,Hbuf> LV-1050, Kfndbzntktajy 371 7010754afrc 371 7010669

“Parex Bankas”K. Kalinausko, 13,LT-2009, Dbkmy/c> Kbndfntktajy 370 2664600afrc 370 2664601

“Parex Lizingas”Ukmergòs, 12, LT-2005, Dbkmy/c> Kbndfntktajy 370 2753887afrc 370 2728676

“Baltic Polis”Íermukßni˜ 1/13-2, LT-2001, Dbkmy/c> Kbndfntktajy 370 2614463 afrc 370 2619565

80

Hbuf

"Parekss banka", ukfdysq jabcek. Cvbkie> 3> Hbuf> LV-1522,ntktajy 371 7010000afrc 371 7010001 SWIFT PARXLV 22 www.parex.lv [email protected]

Abkbfk "Valdemårs"ek. R.Dfkltvfhf> 8

Abkbfk "Laimdota"ek. R.<fhjyf> 20/22

Abkbfk "Citadele"ek. R.Dfkltvfhf> 1b

Abkbfk "Raiña bulvåris"(ctqajdjt [hfybkbot),ekmd .Hfqyz> 1

ek. F.<btpbyz> 1ek. F.Ljv,hjdcrf> 30F'hjgjhn "Hbuf"F'hjgjhn "Hbuf", GNRek. Felt/> 15ek. Felt/> 16<fkfcnf lfv,bc> 3ek. <fhby/> 10ek. <fecrfc> 86ek. <hbdb,fc> 90ek. <hbdb,fc> 148<hbdb,fc ufndt> 312<hbdb,fc ufndt> 409ek. Dfkltr/> 10ek. Dfkltr/> 52ek. Dtyncgbkc> 50

ek. Ufqpbyz> 4ek. Ufezc> 17ek. Lptkpfdfc> 120ek. Lpbhwbtvf> 27yf,. Pfr/cfkfc> 3ek. Pjkbneltc> 34Byxerfkycrfz djkjcnm>

ek. Vehmzy/> 4ek. Rfkmr/> 28ek. R.Dfkltvfhf> 147ek. Rktqcne> 5ek. Rktqcne> 26bek. Rkbzye> 4ghjcg. Rjrytctc> 18ek. Rhfcnf> 46R.Ekvfyz ufndt> 114ghjcg. Rehptvtc> 132ek. Kbljy/> 27ek. Kjvjyjcjdf> 1ek. Vfhbzc> 2ek. Vfcrfdfc> 250ek. Vfcrfdfc> 264ek. Vfcrfdfc> 357ek. Vfcrfdfc> 427fek. Vtkycbkf> 19ek. Vehmzy/> 44ek. Ytu/> 7ek. Ybwufktc> 2ek. Gthctc> 8ek. Cf[fhjdf> 21ek. Ckfde> 7ek. Cnf,e> 89ek. Cnjgby/> 22ek. Cnehvfy/> 29ek. Nbknf> 3ek. Eybzc> 52ek. Ehbtrcntc> 9ek. "pthf> 22?hvfkfc ufndt> 85

<fkdbek. <hbdb,fc> 58Gjuhfybxysq geyrn

Dbtynekb> <fkdcrbq h-y

<fecrfek. Ckbvybwfc> 9Gjuhfybxysq geyrn

Uhtywnfkt> <fecrcrbq h-y

Dfkvbthfek. Lbfrjyfnf> 6

Dtyncgbkcek. Gbkc> 17ek. Gkjcne> 7ek. ?hfc> 9

Uek,tytek. J.Rfkgfrf> 62

Lfeufdgbkcek. Hbufc> 34ek. Dfkrfc> 3ek. Dbir/> 17Gjuhfybxyst geyrns

Vtlevb> Lfeufdgbkccrbq h-yCbktyt> Lfeufdgbkccrbq h-y

Trf,gbkcek. Zeyf> 16

Tkufdfek. Hfqyz> 16ek. Hfqyz> 28Gjuhfybxysq geyrn

Vtqntyt> Tkufdcrbq h-y

Rhfckfdfgk. Cd.K/ldbuf> 1

Kbtgfzghjcg.Rehvfzc> 1146-q ghbxfk

Kbtgfqcrjuj cdj,jlyjuj gjhnfek. Gfcnf> 7/9

Kbv,f;bek. Hbufc> 16Cfkfwuhbdf> Kbv,f;crbq h-y

ek. Jcnfc> 1Gjuhfybxysq geyrn

Fqyf;b> Kbv,f;crbq h-y

Kelpfek. Kfnufktc> 103Gjuhfybxyst geyrns

Ntht[jdj> Kelptycrbq h-yUht,ytdj> Kelptycrbq h-y

Juhtghjcg. Vfkrfkytc> 1

Htptrytek. Kfnufktc> 20ek. Kfnufktc> 71

Nfkcbek. Kbtkf> 4

Nerevcek. Gbkc> 22

Wtcbcek. Hfeyfc> 13

?hvfkfek. Qjvfc> 30ek. Qjvfc> 65#67ek. Yjvtny/> 7#9ghjcg. Vt;f> 36

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ABYFYCJDST JNXTNS - Reverta › files › PDF finansu › 2000_parskats › 2000_5_ru.pdf · JNXTN...

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Transcript of ABYFYCJDST JNXTNS - Reverta › files › PDF finansu › 2000_parskats › 2000_5_ru.pdf · JNXTN...