--------------------------vince kaminski


-----Original Message-----
From: Port, David <David.Port@ENRON.com>
To: Kaminski, Vince J <Vince.J.Kaminski@ENRON.com>
Sent: Fri Dec 07 15:22:30 2001
Subject: P/L Breakout

This analysis was another swag at p&l components. We took the numbers from the daily position reports, backed out the big originations that we new about (e.g. peakers sales) and the other "mistakes" (e.g. the EES $700MM loss), then took out the curve-shift P&L from the backtest data, the balance we said must be some form of "new deal" P&L plus realised p&l etc.
It shows that 2000 was the prop trading year, whereas 2001 was mainly new deals. Of course the whole thing is poisoned by reserve movements.


 <<PNL Breakdown DP.xls>>