TALLINNA KAUBAMAJA AS

INCOME STATEMENT

 

INCOME STATEMENT 01.01.99 - 31.12.99

 

Consolidated, audited

in thousand EEK

                                               1999                      1998

                                              Group       Parent        Group       Parent

REVENUE

 

Net sales                                   996,079      575,438      844,202      568,018

Other revenue                                 7,018       17,750       11,391       12,984

Total revenue                             1,003,098      593,189      855,594      581,002

 

EXPENSES

Goods                                       733,190      414,528      621,996      409,560

Other operating expenses                     88,882       78,403       74,553       43,299

Personnel expneses                           90,706       58,480       80,980       53,855

wages and salaries                           68,143       43,933       61,294       40,492

social security taxes                        22,563       14,548       19,686       13,363

Depreciation                                 38,118       22,386       37,265       23,380

depreciation and value adjustments

to non-current assets                        37,978       22,386       37,148       23,380

Amortisation of goodwill

                                                140            0          116            0

Other expenses                                2,186        1,163        1,358          595

Total expenses                              953,082      574,962      816,151      530,689

OPERATING PROFIT                             50,016       18,227       39,443       50,313

Financial income                              4,108       28,199          467        3,325

Financial income from subsidiaries

and associated companies                          0       24,106            0        2,864

interest income                               1,094        1,079          467          461

other financial income                        3,014        3,014            0            0

Financial expenses                           17,970       12,077       20,045       35,126

financial expenses related

with subsidiaries                                 0          179            0       18,238

financial expenses related

with associated companies                     1,397        1,397        1,465        1,465

interest expenses                            16,409       10,400       13,827       10,750

other financial expenses                        165          101        4,753        4,673

Profit before taxes                          36,154       34,349       19,864       18,512

Income tax for the year                     -12,297      -10,838       -7,952       -7,307

Deferred income tax                          11,358       10,794        2,847        3,026

NET PROFIT FOR THE YEAR                      35,214       34,305        9,065        8,180

Minority share                                 -910            0         -886            0

GROUP NET PROFIT (LOSS) FOR THE YEAR         34,305       34,305        8,180        8,180

Earnings per share                             5.05                      1.20

Diluted earnings per share                     5.05                      1.20

 

 

Urmo Vallner

Member of the Management Board

+372 64 00 200