XXL.EE

COMMENTARY TO FINANCIAL RESULTS



COMMENTARY TO FINANCIAL RESULTS, 2000



AS XXL.EE audited net sales in year 2000 totaled EEK 4.35 million, 

incl. new media services turnover EEK 3.33 million.



XXL.EE’s operating profit was EEK 0.82 million. Audited net loss 

stood at EEK 8.42 million, of which the expensing of claims arising 

from earlier operations accounted for EEK 3.3 million, interest 

expenses EEK 1.2 million and expensing of goodwill EEK 1.74 million.



At the end of the financial year the company’ equity capital was 

EEK 1.67 million and balance sheet size EEK 12.46 million 

(EEK 8.2 mln drop since the beginning of the financial year).

 

During the year XXL.EE raised its holding in subsidiary XXL Riga 

Digital by 25% and acquired full ownership in the company by the 

end of the year. XXL.EE also acquired 80% shareholding in 

Lithuanian digital media services provider UAB XXL 101 Digital 

Communications.



In 2000 XXL.EE sold its 52% ownership in subsidiary PCT Riga and 

earned EEK 57.5 thousand from the transaction. XXL.EE also sold 

100% shares in subsidiaries PCT Liisingu AS and AS PCT Arvutid.





Arho Anttila

CEO

+372 65 07 500