EESTI TELEKOM

ANNOUNCEMENT

18.11.99

 

ESTONIAN MOBILE TELEPHONE COMPANY 

PROFIT AND LOSS STATEMENT 09/99

 

EEK thous.

                                                       Group                Parent Company

                                                      9 mths         9 mths         9 mths         9 mths

                                               to 30 Sept 99  to 30 Sept 98  to 30 Sept 99  to 30 Sept 98

 

Revenues

Net sales                                          1,166,136      1,005,972      1,082,251        970,677

Other revenues                                        10,823         11,087          9,261         10,654

Total revenues                                     1,176,960      1,017,059      1,091,511        981,332

 

Operating expenses

Materials, consumables, supplies and services        418,425        410,826        355,385        391,659

Other operating expenses                              59,608         48,290         55,387         43,778

Personnel expenses                                    52,898         29,355         46,559         25,313

Other expenses                                        35,417         38,128         35,129         38,047

Total operating expenses                             566,348        526,599        492,460        498,796

 

Earnings before depreciation                         610,612        490,460        599,051        482,536

 

Depreciation and value                               167,608        126,023        165,974        124,965

adjustments of current assets

Operating profit                                     443,004        364,437        433,077        357,571

 

Financial income

Financial income from investments                          0              0          7,419          5,258

Foreign exchange gain                                      0             96              0             96

Other financial income                                 2,735          4,715          2,593          4,621

Total financial income                                 2,735          4,811         10,012          9,975

 

Financial expenses

Expenses from investments                                  0              0              0             15

Foreign exchange loss                                     10             89             10             89

Other financial expenses                               1,119          4,710          1,118          4,704

Total financial expenses                               1,129          4,799          1,129          4,808

 

Profit before taxes                                  444,610        364,449        441,960        362,739

 

Income tax: expense (-) / income (+)                -105,624        -83,084       -103,251        -81,334

 

Profit after income tax                              338,985        281,365        338,709        281,405

Minority interest                                        277            -39              0              0

Net profit                                           338,709        281,405        338,709        281,405