FNM closes 2005 with a surplus

THE NATIONAL Property Fund (FNM) privatization agency ended last year with a Sk5.1 billion surplus as opposed to the revised annual plan which had projected only a slight surplus of Sk7.6 million.

The FNM registered a surplus of Sk1.6 billion (€140 million) within budgetary operations, while the surplus from financial operations amounted to Sk3.5 billion, according to a report by the Finance Ministry.

The most important item within the FNM's revenues was income from dividends, which last year brought the FNM a hefty Sk16.5 billion. Together with interest yields in financial institutions and other revenues, the FNM's total revenues reached Sk16.8 billion, or 100.8 percent of the plan.

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