AS HARJU ELEKTER

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, audited                                    

                                               31.12.98      31.12.97

                                                            corrected

Net sales                                   147 894 369   108 259 956

Cost of goods sold                          118 863 358    89 337 827

Gross profit                                 29 031 011    18 922 129

Marketing expenses                            4 307 409     1 908 336

General administration expenses              10 586 573     8 986 157

Other commercial revenues                       189 367       382 973

Other commercial expenses                     1 065 842       791 885

Commercial profit                            13 260 554     7 618 724

 

Financial revenues                                                        

Income from subsidiaries	                668 407             0

Income from affiliated enterprises            1 746 568       432 443

Other financial revenues                      4 156 798     6 763 093

Profit from exchange differences                 44 892       302 811

Other interest and financial income             305 792       839 630

Total                                         6 922 457     8 337 977

Financial expenses                                                         

Financial expenses related with affiliated

enterprises                                           0       307 471

Interest expenses                             1 061 630       633 077

Loss from exchange differences                   40 716       153 811

Value adjustments on financial investments       13 660         6 340

Other financial expenses                      1 080 551       563 550

Total                                         2 196 557     1 664 249

Operating profit                             17 986 454    14 292 452

 

Profit before taxes                          17 986 454    14 292 452

Income tax                                    1 215 416     3 417 566

Deferred income tax                             625 036       380 922

Net profit for the year                      16 146 002    10 493 964

 

Earnings per share                                 8,97          6,11

 

 

Karin Padjus

Head Accountant

+372 674 7403