EESTI TELEKOM

INCOME STATEMENT



ESTONIAN TELECOM, UNAUDITED INCOME STATEMENT OF 2000



ESTONIAN TELECOM AND SUBSIDIARY COMPANIES

INCOME STATEMENT (Unaudited)



Financial statements are prepared in thousands of kroons



                                    2000           1999

                                                        

Revenue                                   

Net sales                      3,930,124      3,568,523

Change in work-in-progress          -492           -994

Other revenue                     43,342         27,714

Total revenue                  3,972,974      3,595,243

                                                       

Operating expenses                                     

Materials, consumables,          926,033        837,516

supplies and services

Other operating expenses         426,790        385,029

Personnel expenses               484,421        466,208

Other expenses                    58,066         70,156

Total expenses                 1,895,310      1,758,909

                                                       

Profit from operations         2,077,665      1,836,334

before depreciation

                                                       

Depreciation and                 969,321        881,059

amortisation

                                                       

Profit from operations         1,108,344        955,275

                                                       

Income/ -expenses from              -180            648

subsidiaries and

associated companies

Other net financing items        -11,853        -51,040

                                                       

Profit before tax              1,096,311        904,883

                                                       

Income tax expenses (-) /              0       -156,266

income (+)

                                                       

Profit after tax               1,096,311        748,617

                                                       

Minority interest                  5,611         83,158

                                                       

Net profit from ordinary       1,090,700        665,459

activities

                                                       

Extraordinary item                85,197        -85,197

                                                       

Net profit for the period      1,175,896        580,262

                                                        

Earnings per share                                      

Basic earnings per share            8.56           4.78

(in kroons)

Diluted earnings per share          8.56           4.78

(in kroons)





Hille Võrk

Financial Manager

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