STATEMENT OF CASH FLOWS as of 2003

STATEMENT OF CASH FLOWS as of 2003

The Udmurt Joint-Stock commercial investment-building bank (Opened Joint-Stock company)

(OJSC Udmurtinvestbuildbank)

LICENCE 2447 BIC: 049401863

in thousand Roubles

I.

CASH FLOWS FROM OPERATING ACTIVITY

1.

Percentage income

22349

2.

Percentage expenses

7604

3.

Commission income

4010

4.

Commission expenses

604

5.

Earnings from foreign currency operations and other currency values

552

6.

Earnings from sale-purchase of precious metals, securities, other assets

10

7.

Expenses of foreign currency operations and other currency values

31

8.

Expenses of sale-purchase of precious metals, securities, other assets

24

9.

Earnings in the form of dividends

0

10.

Other operational earnings

552

11.

Other operational expenses

17775

12.

Contingencies after taxation

0

13.

Total income/expenses

-416

13.1.

Income/expenses

1435

13.2.

Change of income/expenses

-1851

14.

Budgetary payments out of profit, payments for charity and other purposes

296

15.

Cash flows from operating activity before registration of changes in current assets/liabilities

-120

Changes in working assets

16.

Statutory reserves at the Central Bank of Russian Federation

-4790

17.

Assets in lending institutions

2714

18.

Investments in trading securities

0

19.

Loan and loan related indebtedness

-28962

20.

Other assets

-110

Changes in current liabilities

21.

Loans from Central Bank of Russian Federation

0

22.

Assets of credit institutions

57

23.

Clients' funds

48861

24.

Other liabilities

4810

25.

Net onflow/ flow-out of monetary funds

22580

26.

Net onflow/ flow-out from operational activity

22460

II.

CASH FLOWS FROM INVESTMENT ACTIVITY

27.

Fixed assets, intangibles and stock of economic materials

78

28.

Investments in securities

0

29.

Investments in securities available for sale

14

30.

Net onflow/ flow-out from investment activity

92

III.

CASH FLOWS FROM FINANCIAL ACTIVITY

31.

Statutory capital (shareholders' (participants') capital)

0

32.

Equity shares purchased from shareholders

0

33.

Emission income

0

34.

Capital and profit retained by a credit institution

614

35.

Dividends out of the profit of the current year

0

36.

Outstanding debt instruments

1449

37.

Net onflow/ flow-out from financial activity

2063

38.

Affirmative/negative difference of revaluation of foreign currency and other currency values, precious metals and securities, revaluation of fixed assets, charged and other facilities, that are not taken into account on financial result and other components

-968

39.

Net onflow/ flow-out of cash funds and their equivalents

23647

40.

Sum of monetary funds and equated facilities at the beginning of the reporting period

29367

41.

Sum of monetary funds and equated facilities at the end of the reporting period

53014

Head of Udmurtinvestbuildbank

A.I.Shestov

Chief Accountant of Udmurtinvestbuildbank

G.V. Kuznetsova

I.	CASH FLOWS FROM OPERATING ACTIVITY
1.	Percentage income	22349
2.	Percentage expenses	7604
3.	Commission income	4010
4.	Commission expenses	604
5.	Earnings from foreign currency operations and other currency values	552
6.	Earnings from sale-purchase of precious metals, securities, other assets	10
7.	Expenses of foreign currency operations and other currency values	31
8.	Expenses of sale-purchase of precious metals, securities, other assets	24
9.	Earnings in the form of dividends	0
10.	Other operational earnings	552
11.	Other operational expenses	17775
12.	Contingencies after taxation	0
13.	Total income/expenses	-416
13.1.	Income/expenses	1435
13.2.	Change of income/expenses	-1851
14.	Budgetary payments out of profit, payments for charity and other purposes	296
15.	Cash flows from operating activity before registration of changes in current assets/liabilities	-120
	Changes in working assets
16.	Statutory reserves at the Central Bank of Russian Federation	-4790
17.	Assets in lending institutions	2714
18.	Investments in trading securities	0
19.	Loan and loan related indebtedness	-28962
20.	Other assets	-110
	Changes in current liabilities
21.	Loans from Central Bank of Russian Federation	0
22.	Assets of credit institutions	57
23.	Clients' funds	48861
24.	Other liabilities	4810
25.	Net onflow/ flow-out of monetary funds	22580
26.	Net onflow/ flow-out from operational activity	22460
II.	CASH FLOWS FROM INVESTMENT ACTIVITY
27.	Fixed assets, intangibles and stock of economic materials	78
28.	Investments in securities	0
29.	Investments in securities available for sale	14
30.	Net onflow/ flow-out from investment activity	92
III.	CASH FLOWS FROM FINANCIAL ACTIVITY
31.	Statutory capital (shareholders' (participants') capital)	0
32.	Equity shares purchased from shareholders	0
33.	Emission income	0
34.	Capital and profit retained by a credit institution	614
35.	Dividends out of the profit of the current year	0
36.	Outstanding debt instruments	1449
37.	Net onflow/ flow-out from financial activity	2063
38.	Affirmative/negative difference of revaluation of foreign currency and other currency values, precious metals and securities, revaluation of fixed assets, charged and other facilities, that are not taken into account on financial result and other components	-968
39.	Net onflow/ flow-out of cash funds and their equivalents	23647
40.	Sum of monetary funds and equated facilities at the beginning of the reporting period	29367
41.	Sum of monetary funds and equated facilities at the end of the reporting period	53014

Head of Udmurtinvestbuildbank	A.I.Shestov

Chief Accountant of Udmurtinvestbuildbank	G.V. Kuznetsova