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ING Bank (Eurasia) ZAO
Statement of Changes in Shareholders’ Funds
For the years ended 31 December 1999 and 1998
Share capital RUR ‘000 | Share premium reserve RUR ‘000 | Share capital & premium reserve hyper-inflation adjustment RUR ‘000 | Accumu- lated losses RUR ‘000 | Total RUR ‘000 | |||||
Balance at 1 January 1998 | 19,905 | 224,616 | 706,068 | (114,725) | 835,864 | ||||
Net loss for the year | - | - | - | (2,509,358) | (2,509,358) | ||||
Balance at 31 December 1998 | 19,905 | 224,616 | 706,068 | (2,624,083) | (1,673,494) | ||||
Issuance of share | 15,000 | 1,322,500 | - | - | 1,337,500 | ||||
Net profit for the Year | - | - | - | 943,490 | 943,490 | ||||
Balance at 31 December 1999 | 34,905 | 1,547,116 | 706,068 | (1,680,593) | 607,496 |
The statement of changes in shareholders’ funds is to be read in conjunction with the notes to, and forming part of, the financial statements.
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