| PROFIT AND LOSS STATEMENT | ||||
| as of October 1, 2004 | ||||
| Shareholding commercial Udmurtinvestbuilding Bank | ||||
| LICENCE 2447 BIK: 049401863 | ||||
| Bank address: 69, Krasnoarmeyskaya Str., Izhevsk 426003, Russia | ||||
| in thousands Rubles | ||||
| INTEREST & SIMILAR INCOME FROM: | ||||
| 1. | Deposits, accounts with and credits to other banks | 2616 | ||
| 2. | Loans to other clients | 16976 | ||
| 3. | Advances | 0 | ||
| 4. | Fixed-income securities | 0 | ||
| 5. | Other sources | 1111 | ||
| 6. | Total interest & similar income (items 1 + 2 + 3 + 4 + 5) | 20703 | ||
| INTEREST & SIMILAR EXPENCES OF: | ||||
| 7. | Funds from banks including borrowings and deposits | 85 | ||
| 8. | Funds from other customers including borrowings and deposits | 5954 | ||
| 9. | lssued debt securities | 460 | ||
| 10. | Rent | 452 | ||
| 11. | Total paid-off interest & similar expenses: (items 7 + 8 + 9 + 10) | 6951 | ||
| 12. | Net interest & similar income (items 6 - 11) | 13752 | ||
| 13. | Commission received | 4035 | ||
| 14. | Commission paid | 698 | ||
| 15. | Net commission income (intems 13 - 14) | 3337 | ||
| OTHER OPERATING EARNINGS | ||||
| 16. | Earnings from foreign currency operations and other values, including exchange rate differential | 825 | ||
| 17. | Earnings from sale-purchase of precious metals, securities, other assets | 8 | ||
| 18. | Earnings in the form of dividends | 0 | ||
| 19. | Other current earnings | 309 | ||
| 20. | Total operating earnings: (items 16 + 17 + 18 + 19) | 1142 | ||
| 21. | Current income: (items 12 + 15 + 20) | 18231 | ||
| OTHER OPERATIONAL EXPENSES : | ||||
| 22. | Labor expenses | 10715 | ||
| 23. | Operating expenses | 3679 | ||
| 24. | Expences of foreign currency operations & other values, including exchange rate differencial | 477 | ||
| 25. | Expences of purchase-and-sell operations with precious metals, securities & other property, negative results of reappraisal of precious metals and securities | 12 | ||
| 26. | Other current expenses | 1152 | ||
| 27. | Total other oprating expenses: (items 22 + 23 + 24 + 25 + 26) | 16035 | ||
| 28. | Net current income before reservation & without unexpected earnings (items 21 - 27) | 2196 | ||
| 29. | Change of reservation value for possible loan losses | -1678 | ||
| 30. | Change of reservation value for deviation of securities and possible losses | 0 | ||
| 31. | Change of value of other reserves | 645 | ||
| 32. | Net current income without unexpected earnings: (items 28 – 29 – 30 – 31) | 3229 | ||
| 33. | Unexpected income less contigencies | 0 | ||
| 34. | Net current income with unexpected earnings/expenses : (items 32 + 33) | 3229 | ||
| 35. | Income tax | 407 | ||
| 36. | Deferred income tax | Õ | ||
| 36à. | Contingencies after taxation | 0 | ||
| 37. | Net profit (loss) for the reporting period: (items 34 - ñò. 36 - ñò. 36à) | 3229 | ||
| A.I. Shestov | ||||
| Head of Shareholding commercial Udmurtinvestbuilding Bank | (signature) | |||
| Chief Accountant | G.V. Kuznetsova | |||
| of Shareholding commercial Udmurtinvestbuilding Bank | (signature) | |||