Reval Hotelligrupi AS

INCOME STATEMENT

01.01.99-30.09.99

 

Consolidated income statement

unaudited, in thousand EEK

 

                                                              01.01-30.09.99   01.01-30.09.98

 

Net sales                                                            146,306          153,994

Cost of goods and services sold                                       64,386           72,815

Gross profit                                                          81,919           81,179

Marketing expenses                                                     6,132            6,313

Administrative expenses                                               38,869           55,568

Other income                                                           2,255            3,845

Other expenses                                                         3,599            2,517

Operating profit                                                      35,574           20,626

Financial income                                                       3,195            8,128

Income from sale of subsidiary                                                            410

Income from financial investments                                        920              768

Foreign exchange gain                                                  1,521            1,444

Interest income                                                          754            5,506

Financial expenses                                                    15,142            5,524

Financial expenses related to subsidiaries                                                160

Financial expenses related to affiliated companies                       538              452

Loss from value adjustments on financial instruments                     738              297

Interest expenses                                                     12,351            4,616

Other financial expenses                                               1,516

Profit before taxes                                                   23,627           23,230

Income tax                                                             6,276            6,491

Minority share                                                                            -19

Net profit for the year                                               17,351           16,739