AS NORMA

INCOME STATEMENT

01.01.98-31.12.98

 

Consolidated, audited

in thousand EEK

 

 

                                                 1998            1997

Net sales                                     482 652         559 823

Cost of merchandise sold                      273 416         288 288

Gross profit                                  209 236         271 535

 

Marketing expenses                             20 766          26 143

Administartive expenses                        84 106          83 244

Written-off accounts                            6 268         -11 405

Other commercial revenues                      16 475          24 923

Other commercial expenses                      30 524           2 695

Commercial profit                              84 047         195 781

 

Financial revenues                              5 392           8 564

Financial expenses                             23 310           5 487

Profit before income tax                       66 129         198 858

Income tax                                     18 551          52 130

Net profit for the year                        47 578         146 728

MINORITY INTEREST                                   0               0

PARNET COMPANY'S SHARE                              0               0

 

Raivo Harand

Controller

+372 650 0482