MERKO EHITUS

INCOME STATEMENT

01.01.99-30.06.99

 

Consolidated, unaudited

in thousand EEK

 

                                                       H1 1999          1998       H1 1998

Net sales                                              342 248       843 156       413 535

Change in work-in-progress inventories                  17 888         2 046        -4 172

Capitalized self-constructed assets                         72        56 819        33 685

Other revenue                                            4 568        12 568         1 469

                                    TOTAL REVENUE      364 776       914 589       444 517

Raw materials, goods and services                      268 568       693 750       320 220

Other operating expenses                                39 640        97 367        56 458

Personnel expenses                                      22 303        63 273        31 908

          incl. salary-related expenses                 16 773        47 564        23 993

                social taxes                             5 530        15 709         7 915

Depreciation and value adjustments on non-current assets 4 463         9 475         2 574

Other expenses                                           7 058         3 283         1 939

                                    TOTAL EXPENSES     342 032       867 148       413 099

OPERATING PROFIT                                        22 744        47 441        31 418

Income from subsidiaries                                                 504           162

Income from affiliated enterprises                       2 263           844            51

Financial revenues from other 

long-term financial investments           				 864           864

Foreign exchange gain                                      518           112

Other interest and financial income                      2 581         4 281         4 101

                               TOTAL FINANCIAL INCOME    5 362         6 605         5 178

Financial expenses related to subsidiaries                               197           319

Financial expenses related to affiliated enterprises     1 647         3 837           200

Interest expenses                                        2 828         1 510            44

Foreign exchange loss                                       53           144            28

Other financial expenses                                   105         7 586         4 997

                               TOTAL FINANCIAL EXPENSES  4 633        13 274         5 588

PROFIT FROM NORMAL OPERATIONS                           23 473        40 772        31 008

Extraordinary expenses                                                    19

Profit before income tax                                23 473        40 753        31 008

Income tax                                              10 919         1 338        10 051

Deferred income tax                                       -299         1 023           306

NET PROFIT FOR THE YEAR                                 12 853        38 392        20 651

incl. minority interest                                    -29           -91          -450

     NET PROFIT FOR THE GROUP                           12 882        38 483        21 101

 

 

 

INCOME STATEMENT TO OPERATING PROFIT          SCHEME 2

 

Net sales                                              342 248       843 156       413 535

Cost of merchandise sold                               298 370       768 200       366 480

GROSS PROFIT                                            43 878        74 956        47 055

Marketing expenses                                       4 680         7 504         2 502

Administrative expenses                                 14 056        29 559        12 882

Other revenue                                            4 568        12 568         1 469

Other expenses                                           6 966         3 020         1 722

OPERATING PROFIT                                        22 744        47 441        31 418