30.03.1999, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHASE AS

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, unaudited

 

                                                Consolidated                    Tallinna Farmaatsiatehase AS

                                             1998            1997            1998            1997

 

Net sales                              83,612,632     171,406,682      83,588,499     171,398,281

Change in inventories                  -4,164,167      11,775,460      -4,157,907      11,769,200

Other commercial revenues                 234,481      23,600,685         226,176      23,600,685

TOTAL                                  79,682,946     206,782,827      79,656,768     206,768,166

 

Raw materials                         -40,789,655     -83,306,688     -40,736,769     -82,698,987

Other operating expenses              -56,508,675     -41,829,901     -56,275,591     -40,152,050

Personnel expenses                    -22,573,456     -26,311,718     -21,864,660     -25,685,197

Depreciation                           -9,383,556      -6,416,222      -9,215,043      -6,236,394

Other commercial expenses             -31,078,379      -3,264,887     -31,077,492      -3,154,360

 

TOTAL                                -160,333,721    -161,129,416    -159,169,555    -157,926,988

 

COMMERCIAL PROFIT                     -80,650,775      45,653,411     -79,512,787      48,841,178

 

Income/expenses from equity holdings   -1,351,561       1,114,014      -2,482,661        -123,990

Other financial revenues                  575,143         400,346         575,143         398,385

Depreciation of goodwill               -6,136,404      -2,699,604      -6,136,404      -2,699,604

Other financial expenses               -8,716,304      -6,041,336      -8,716,304      -7,447,282

TOTAL                                 -15,629,126      -7,226,580     -16,760,226      -9,872,491

 

Profit before income tax              -96,279,901      38,426,831     -96,273,013      38,968,687

 

Income tax                              3,453,971     -10,763,351       3,453,971     -10,763,351

Incl. deferred income tax               3,453,971      -1,135,847       3,453,971      -1,135,847

 

Profit after income tax               -92,825,930      27,663,480     -92,819,042      28,205,336

 

Minority interest                               -         548,744               -               -

NET PROFIT                            -92,825,930      28,212,224     -92,819,042      28,205,336

 

Earnings per share                              -            7,48               -               -