E-TRADE GROUP,INC

Consolidated Balance Sheets

(in thousands,except per-share amounts)

1999
Assets
Cash and Equivalent
Cash and investment required to be segregated
Under federal of other regulation
Brokerage receivables-net
Mortgage-backed securities
Loan receivable-net
investment
Property and equipment-net
goodwill and other intangibles
other assets
Total Assets
Liabilities and shareowners' Equity
Liabilities
Brokerage payables
Banking deposits
Borrowings by bank subsidiary
Subordinated notes
Accounts payable, accrued and other liabilities
Total liabilities
Company-obligated mandatory redeemable
preferred securities
Shareowners' equity
(275 million share outstanding in 1999)
Total liabilities and shareowners's equity

are amounts)

30-Sep
1999

1998

124,801

71,317

104,500
2,912,581
1,426,053
2,154,509
830,329
178,854
17,211
159,386
7,908,224

7,400
1,365,247
1,012,163
904,854
812,093
54,805
19,672
101,372
4,348,923

2,824,212
2,162,682
1,267,474
0
203,971
6,458,339

1,244,513
1,209,470
876,935
29,855
101,920
3,462,693

30,584

38,385

1,419,301
7,908,224

847,845
4,348,923

REFORMULATED BALANCE SHEET

1999
Operating Asset
Operating cash
Brokerage receivables-net
Mortgage-backed securities
Loan receivable-net
property and equipment-net
goodwill and other intangibles
other assets
Operating Liabilities
Brokerage payables
Banking deposits
Borrowings by bank subsidiary
Subordinated notes
Accounts payable, accrued and other liabilities

Net Operating Assets

Financial Obligation
Company-obligated mandatory redeemable
preferred securities
Financial Assets
cash equivalent
investment
Cash and investment required to be segregated
Under federal of other regulation

Net financial Obligation

Common equity

32,200
2,912,581
1,426,053
2,154,509
178,854
17,211
159,386
6,880,794
2,824,212
2,162,682
1,267,474
0
203,971
6,458,339
422,455

30,584
30,584
92,601
830,329
104,500
1,027,430
(996,846)
1,419,301

1998
45,000
1,365,247
1,012,163
904,854
54,805
19,672
101,372
3,503,113
1,244,513
1,209,470
876,935
29,855
101,920
3,462,693
40,420

38,385
38,385
26,317
812,093
7,400
845,810
(807,425)
847,845

SOAL YANG KAMU SALIN DARI BUKU COPY KE SINI AJA L

E TRADE GROUP
Reformulated Income Statements
1999
Net Revenue
cost of services
selling and marketing
technology development
general and administrative
core operating income before tax
tax reported
tax on non-core items
core operating income after tax
non-core income
Corporate interest
Gain on sale
Equity income
Merger changes
Other

657,2
292,9
321,6
76,9
102,1
(136,3)
(21,3)
(83,7)
19,6
54,1
-8.8