Earnings of the Baltic List companies

> Latvia's Hansabanka shareholders, in a general meeting on March 24, decided to channel the profits earned in 1999 to cover the previous year's loss, the bank said. The bank's profit in 1999 was 1.04 million lats ($1.99 million) while in 1998 the audited loss was 3.2 million lats.

It was also decided at the general meeting to approve the audited results of the bank's 1999 operations. Hansabanka's paid in share capital is 20.5 million lats, while its equity capital late in 1999 was 18 million lats.

The shareholders approved the Deloitte & Touche international auditing firm as the bank's auditor for 2000. Hansabanka's biggest shareholder is Estonia's Hansapank which holds 96.62 percent of the bank's shares, 3.2 percent belong to the European Bank for Reconstruction and Development and the rest is held by private individuals.

> Lithuania's Hanza Lizingas, a member of the Hansa Capital Group, ranked first on the Lithuanian leasing market last year in terms of concluded leasing contracts. Hansa Lizingas and AS Hansa Liising Eesti, the Hansa Capital Group companies, signed a total of 159 million litas ($39.75 million) worth of leasing contracts in Lithuania in 1999, exceeding their annual target by 25 million litas, according to a statement issued on Wednesday.

Equipment, motor car, business transport, real estate and small leasing contracts accounted for 68 million, 41 million, 28 million, 20 million and 2 million litas of the overall volume respectively.

Hanza Lizingas' financial portfolio totalled 223.2 million litas as of Dec. 31, 1999, almost unchanged from the figure posted a year ago. The overall Lithuanian leasing market financial portfolio shrank by 6.1 percent, to 585 million litas, during the first nine months of 1999.

> Kalnapilis, one of Lithuania's leading breweries, will pay shareholders a 7 percent dividend from the company's 1999 earnings. The company will pay out a total of 1.77 million litas ($ 0.44 million) in dividends, or 0.07 litas per share, each with a face value of one litas.

Some 554,000 litas of the 1999 profit has been earmarked for bonuses to the company's employees, with the rest to be channeled into the undistributable profit reserve. Kalnapilis' shareholders approved the profit distribution at their general meeting on Tuesday. They also appointed a new five-member board.

The Panevezys-based brewery announced an audited net profit of 10.23 million litas on 96.78 million litas turnover for the year 1999. The Nordic group Baltic Beverages Holding owns 86.3 percent of the shares in Kalnapilis.