HARJU ELEKTER

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9M 2000



Consolidated, unaudited

in EEK thousand

					      Group 	    Parent	

					  9m 00	  9m 99   9m 00	  9m 99

				

Net sales				146,129 108,211 118,845	 94,420

Cost of goods sold 		 	117,868	 85,681	 95,490	 74,932

				

Gross profit 				 28,261	 22,531	 23,355	 19,488

				

Operating expenses, incl.		 14,522	 13,065	 12,144	 11,510

      marketing expenses		  5,263	  5,101	  4,403	  4,329

      administrative expenses		  9,259	  7,965	  7,741	  7,181

Other revenue 				    173	    754	    117	    750

Other expenses				    443	    525	    421	    484

				

Operating profit			 13,468	  9,694	 10,907	  8,243

				

Financial income, incl.				

     -financial income from subsidiaries      0	  2,587	  2,082	  3,848

     -financial income from associated 

      companies 	  		  6,070	    123	  6,070	    123

     -financial income from other 

      holdings  			  4,176	  4,473	  4,204	  4,519

     -foreign exchange gain 		      3	      5	      1	      2

     -other interest and financial income   532	    549	    602	    545

Total financial income			 10,782	  7,736	 12,959	  9,037

Financial expenses, incl.			

     -financial expenses related with 

      subsidiaries    			      0	      0	      0	      0

     -financial expenses related with 

      associated companies    		    170	      0	    170	      0

     -interest expenses			  1,574	  1,179	  1,238	  1,037

     -other financial expenses		    134	     91	     86	     82

Total financial expenses		  1,878	  1,270	  1,494	  1,119

				

Profit from normal operations		 22,372	 16,161	 22,372	 16,161

				

Corporate income tax		      	      0	  1,962	      0	  1,962

				

Net profit for the year 		 22,372	 14,199	 22,372	 14,199





Karin Padjus				

Chief Accountant

+372 67 47 403





Lembit Libe

chief economist

+372 67 47 412