Message-ID: <32098716.1075840784631.JavaMail.evans@thyme> Date: Fri, 7 Dec 2001 13:22:30 -0800 (PST) From: david.port@enron.com To: j.kaminski@enron.com Subject: P/L Breakout Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Port, David X-To: Kaminski, Vince J X-cc: X-bcc: X-Folder: \vkamins\Inbox X-Origin: KAMINSKI-V X-FileName: vincent kaminski 1-30-02.pst 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.