AS FAKTO

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, unaudited

in thousand EEK

                                                             1998         1997       Change

 

REVENUES

    1Net sales                                            354 865      329 995        7,54%

    2Other revenues                                         6 278        3 914       60,39%

     Total revenues                                       361 143      333 909        8,16%

 

EXPENSES

     Raw materials, goods and services                    288 272      275 858        4,50%

     Other operating expenses                              17 325       15 990        8,34%

        Personnel expenses

        Salary expenses                                    20 954       14 752       42,04%

        Social taxes                                        6 757        4 824       40,07%

     Total personnel expenses                              27 711       19 576       41,56%

     Depreciation of non-current assets                     6 995        6 291       11,19%

     Other expenses                                         6 823        4 497       51,72%

     Total expenses                                       347 126      322 212        7,73%

 

OPERATING PROFIT                                           14 017       11 697       19,84%

 

     FINANCIAL REVENUES

     Profit from the exchange differences                       55           42      30,59%

     Other interest and financial income                       476          195     143,84%

     Total financial revenues                                  531          237     123,84%

 

     FINANCIAL EXPENSES

     Expenses related with subsidiaries                        380          221      71,43%

     Other financial expenses                                  186            0   50711,89%

     Interest expense                                        4 461        4 040      10,44%

     Loss from the exchange differences                         92           58      58,80%

     Total financial expenses                                5 119        4 319      18,52%

 

Profit before income tax and minority interest              9 429        7 615       23,82%

 

     Income tax                                             2 434        1 578       54,25%

     Income tax for coming periods                             83          394      -78,90%

     Minority interest in subsidiaries                      1 414           876      61,30%

 

GROSS PROFIT                                                5 498        4 767       15,34%

 

Weighted average number of shares                       1 650 063    1 291 784

Earnings per share                                           3,33         3,69       -9,70%