AS NORMA

INCOME STATEMENT

 

Consolidated income statement 9 months 1999

 

Unaudited, in thousand EEK

                                              9-mos 1999       9-mos 1998

Net sales                                        384,835          338,318

Cost of goods sold                               207,824          193,418

Gross profit                                     177,011          144,899

Marketing expenses                                15,762           14,401

Administrative expenses                           55,310           61,358

Allowance for doubtful accounts                   -3,949             -133

Other income                                      11,623           18,199

Other expenses                                     2,519           24,074

OPERATING PROFIT                                 118,992           63,399

 

FINANCIAL INCOME

b) From affiliated companies                          12            1,658

c) From other long-term investments                    0                1

d) Foreign exchange gain                           4,393            2,776

e) Other interest and financial income             3,666            3,039

Total financial income                             8,070            7,473

 

FINANCIAL EXPENSES

c) Interest expenses                               3,790            3,095

d) Foreign exchange loss                             188           14,959

e) Value adjustments of financial investments          0              951

f) Other financial expenses                          754            3,026

Total financial expenses                           4,731           22,031

 

PROFIT FROM NORMAL OPERATIONS                    122,332           48,841

 

PROFIT (-LOSS) BEFORE INCOME TAX                 122,332           48,841

Income tax                                        32,823           17,116

 

NET PROFIT (-LOSS) FOR THE YEAR                   89,508           31,724

 

 

Raivo Harand

Controller

+372 6 500 482