Financial Statements. For the year ended 31 December 1999 and 1998 (стр. 8 )

		1999		1998
		RUR ‘000		RUR ‘000
Employee compensation		200,631		225,735
Turnover based taxes		115,427		113,232
Intercompany charges		69,337		79,904
Payroll related taxes		57,101		54,166
Communications, automation and information services		47,517		33,740
Occupancy		44,267		42,371
Other personnel expenses		38,717		43,952
Professional services		22,240		9,273
Depreciation and amortisation		17,077		25,663
Travel expenses		12,976		17,732
Security		11,265		13,405
Other		1,023		45,133
		637,578		704,306

11. PROVISION FOR LOSSES

		1999		1998
		RUR ‘000		RUR ‘000
Provision for amounts receivable under reverse repurchase agreements		(174,280)		329,319
Provision for loans to customers		(106,911)		221,354
Provision for other assets		(14,769)		101,818
Provision for placements with banks and other financial institutions		-		141,154
Provision for permanent diminution in value of equity securities		10,702		-
		(285,258)		793,645

Amounts shown in the above table represent net movements in provisions for the year. Movements shown as positive amounts represent net increases in provisions. Movements shown as negative amounts represent net decreases in provisions.