7. Cash Flow Statement
| 1997 | 1996 | |
| Cash flows from operating activities | 52,904,984 | 2,157,241 |
| Profit / loss | 2,003,358 | 1,350,507 |
| Profit (-) loss (+) from sale of fixed assets | 4,660 | 0 |
| Depreciation calculated | 1,521,061 | 882,703 |
| Profit from sale of securities | -529,988 | -12,567 |
| Loss from elimination of fixed assets | 21,724 | 0 |
| Change in balance of current assets | -392,374 | -380,632 |
| Change in current liabilities | 50,276,543 | 317,230 |
| Cash flows from investing activities | -2,232,394 | -2,329,480 |
| Shares acquired | -1,492,725 | -1,049,380 |
| Bonds / commercial papers acquired | -586,949 | -783,516 |
| Shares sold | 900,000 | 0 |
| Bonds / commercial papers repaid | 999,978 | 510,000 |
| Sale of fixed assets | 53,200 | 0 |
| Fixed assets acquired | -1,821,476 | -902,117 |
| Software acquired | -284,422 | -104,467 |
| Cash flows from financing activities | -1,000,000 | 0 |
| Repurchase of bonds | -1,000,000 | 0 |
| Total cash flows | 49,672,590 | -172,239 |
| Cash and cash equivalents at end of period | 49,863,814 | 191,224 |
| Cash and cash equivalents at beg. of period | 191,224 | 363,463 |
| Change in cash and cash equivalents | 49,672,590 | -172,239 |
8. Settlements with state budget
| Opening balance 12/31/96 | Calculated | incl. fine for delay | Trans- ferred |
Advance payment paid | Closing balance 12/31/97 | incl. fine for delay | |
| Personal income tax | -43326 | -374360 | 191 | 300211 | -117475 | 191 | |
| Corporate tax | -179700 | -598277 | 179700 | 73000 | -525277 | 0 | |
| Income tax from fringe benefits | -707 | -12078 | 20 | 12785 | 0 | 0 | |
| Social tax | -23284 | -300467 | 467 | 259701 | -64050 | 467 | |
| Health insurance | -15134 | -196331 | 213 | 196032 | -15433 | 213 | |
| VAT | 257 | 0 | |||||
| Total | -262151 | -1481513 | 1148 | 948429 | 73000 | -722235 | 871 |
9. Net sales
| Net sales | 1997 | 1996 |
| Total net sales | 10,572,183 | 5,733,284 |
| Including domestic market: | 10,572,183 | 5,733,284 |
| Transaction fee | 4,227,146 | 1,292,222 |
| Annual payment | 1,607,118 | 1,102,941 |
| Maintenance fee of the accounts of legal persons | 1,544,646 | 891,366 |
| Registration of securities | 963,676 | 1,075,238 |
| Maintenance fee of the accounts of private persons | 433,110 | 306,710 |
| Other services | 1,796,487 | 1,064,807 |
