AS RAKVERE LIHAKOMBINAAT

INCOME STATEMENT

01.01-31.03.99

 

Consolidated, unaudited

in thousand EEK                                            Group      Group        Parent        Parent

                                                           Q1 99      Q1 98         Q1 99         Q1 98

REVENUE

 

NET SALES                                                172,461    250,918       127,288       193,544

Change in finished goods and work-in-process inventories  -1,783      1,634        -2,918         2,157

Capitalised expenditures                                                927

Other revenue                                              1,843      2,219           438           607

Total revenue                                            172,521    255,698       124,808       196,308

 

EXPENSES

 

Materials, consumables, supplies and services            105,522    181,651        81,449       149,693

Other operating expenses                                  16,805     22,883         8,480        10,751

Personnel expenses

a         salaries                                        22,160     25,327        12,634        14,749

b         social security taxes                            6,922      7,911         4,123         4,814

Depreciation                                              17,852     17,778        12,935        12,289

Other expenses                                             3,286      4,102           277           775

Total expenses                                           172,547    259,652       119,898       193,071

 

OPERATING PROFIT                                             -26     -3,954         4,910         3,237

 

FINANCIAL REVENUE                                          2,605        136         2,017         2,180

FINANCIAL EXPENSES                                         6,579      8,548        10,425        16,546

 Incl. Amortization of goodwill                                       3,241                       3,241

 

 Profit/loss before income tax                            -4,000    -12,366        -3,498       -11,129

 Minority interest                                          -502     -1,237

 

 Net profit/loss for Q1                                   -3,498    -11,129        -3,498       -11,129

 

 Earnings per share                                        -0.09       -0.3