SAKU õLLETEHASE AS

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, audited               

in EEK

                                           Group         Group       Parent       Parent

                                            1998         1997         1998          1997

REVENUES                                                                               

                                                                                        

Net sales			     541 852 162  423 399 919  600 201 888   468 592 011

Change in work-in-progress and                                                        

finished goods inventories             1 255 469   -1 889 680    2 594 694    -3 609 538

Other revenues                           954 761      451 504      942 781       236 136

         Total revenues              544 062 392  421 961 743  603 739 363   465 218 609

                                                                                        

EXPENSES                                                                                

                                                                                        

Raw materials, goods and services    343 029 270  266 948 552  405 010 837   311 791 403

Other operating expenses              86 756 515   62 563 457   85 430 995    61 877 774

Personnel expenses                                                                            

    Salary expenses                   26 036 432   21 035 814   25 268 822    20 511 959

    Social taxes                       5 323 630    4 263 648    5 166 770     4 164 200

    Medical insurance                  3 432 147    2 771 366    3 330 188     2 706 726

Depreciation of non-current assets    25 458 383   22 428 046   25 458 383    22 328 808

Other expenses                         2 063 834    2 084 178    2 055 139     1 916 685

         Total expenses              492 100 211  382 095 061  551 721 134   425 297 555

             Operating profit         51 962 181   39 866 682   52 018 229    39 921 054

                                                                                        

FINANCIAL REVENUES                                                                            

                                                                                        

Income from subsidiaries                              835 089                    773 701

Interest income                        4 379 884    2 337 339    4 321 225    2 330  948

Profit from the exchange differences         560          832                         14

       Total financial revenues        4 380 444    3 172 428    4 321 225     3 104 663

                                                                                        

FINANCIAL EXPENSES                                                                     

Loss from the exchange differences           148           56           29            56

       Total financial expenses              148           56           29            56

                                                                                        

   PROFIT BEFORE INCOME TAX           56 342 477   43 039 054   56 339 425    43 025 661

                                                                                        

INCOME TAX                            12 645 888    9 242 413   12 642 836     9 180 508

DEFERRED INCOME TAX                    1 427 539    2 157 973    1 427 539     2 157 973

                                                                                        

                                                                                        

           GROSS PROFIT               42 269 050   31 638 668   42 269 050    31 687 180