The Bank of Latvia

[x]

For your convenience, please select the section which will be the first to open when the website www.bank.lv is opened in the future..

You have selected the section

Should you wish to change your selection, open another section of your choice and click on the link "Next time start with...". Should you have any inquiries, please contact the webmaster at webmaster@bank.lv.

Bank of Latvia

The Bank of Latvia » For All » Publications » The Annual Report » 1994 » The Bank of Latvia Profit and Loss Statement

The Bank of Latvia Profit and Loss Statement for the Year Ended December 31, 1994

(in thousand lats)

  Notes [1] 1994 1993 1992
Interest income        
Foreign operations        
Interest on bank deposits   5 706 3 938 301
Income from securities   4 639 915 54
Other income   1 540 620 47
Dividends on BIS shares   99 105 143
Gross foreign income 1 11 984 5 578 545
Domestic operations        
Interest on loans to banks   1 748 18 876 10 894
Interest on other loans   1 630 3 596 1 372
Other income   1 168 239 -
Gross domestic interest income 1 4 546 22 711 12 266
Interest expenses        
Foreign operations        
Interest on credits   2 909 1 991 -
Other expenses   73 54 289
Gross foreign interest expenses   2 982 2 045 289
Domestic operations        
Interest on deposits   712 - -
Other expenses   1 043 51 31
Gross domestic interest expenses   1 755 51 31
Net interest income   11 793 26 193 12 491
Net foreign exchange profit/loss 2 -2 354 -185 -5 261
Net valuation adjustments   -2 354 -185 -5 261
Net interest income and
valuation adjustments		   9 439 26 008 7 230
Operating income        
Other operating income   2 379 393 10
Total operating income   2 379 393 10
Operating expenditure        
Salaries, wages and other personnel costs   2 429 1 010 89
Social security   890 373 37
Money printing   599 5 686 4 497
Depreciation   311 43 10
Other operating expenses   3 429 1 821 171
Total operating expenses   7 658 8 933 4 804
Net operating expenses   5 279 8 540 4 794
Exceptional items   - 9 497 -
Profit before appropriation   4 160 7 971 2 436
Appropriation of profit        
Nominal capital   - - 1 339
Reserve capital   - 58 244
Fixed assets reserve 3 4 160 - -
State budget, donations   - - 853
Remaining profit appropriated to the State budget   - 7 913 -

[1] See "Notes to the Income Statement".