AS EESTI TELEKOM

INCOME STATEMENT

01.01-31.03.99

 

IAS, consolidated, unaudited

EEK thous.

 

                                                 Group                            Estonian Mobile Telephone Co.

                                                        3M 99               3M 98               3M 99               3M 98

Revenues

Net sales                                              346,389             285,065             331,458             271,435

Other revenues                                           2,934               3,606               2,884               3,438

Total revenues                                         349,323             288,671             334,342             274,873

 

Operating expenses

Materials, consumables, supplies and                   124,812             106,998             115,970              96,949

services

Other operating expenses                                18,812              13,128              16,621              12,127

Personnel expenses                                      11,095               8,574               9,181               7,637

Other expenses                                          14,415              13,252              14,365              13,242

Total operating expenses                               169,134             141,952             156,137             129,955

 

Earnings before depreciation                           180,189             146,719             178,205             144,918

 

Depreciation and value                                  53,220              36,624              52,734              36,356

adjustments of current assets

Operating profit                                       126,969             110,095             125,471             108,562

 

Financial income

Financial income from investments                            0                   0               1,112               1,160

Foreign exchange gain                                        0                  40                   0                  40

Other financial income                                   1,351               1,740               1,284               1,698

Total financial income                                   1,351               1,780               2,396               2,898

 

Financial expenses

Expenses from investments                                    0                   0                   0                   5

Intereste expenses                                           0                   0                   0                   0

Foreign exchange loss                                        5                   4                   5                   4

Other financial expenses                                   114                 748                 114                 748

Total financial expenses                                   119                 752                 119                 757

 

Profit before taxes                                    128,201             111,123             127,748             110,703

 

Income tax: expense (-) / income (+)                   -29,436             -26,353             -29,017             -25,933

 

Profit after income tax                                 98,765              84,770              98,731              84,770

Minority interest                                           34                   0                   0                   0

Net profit                                              98,731              84,770              98,731              84,770