XXL.EE

INCOME STATEMENT



AUDITED INCOME STATEMENT, 2000



Audited

in EEK                                              01.01.2000-   01.07.1998-

                                                     31.12.2000    31.12.1999



Net sales                                             4,349,560   110,202,959

Other revenue                                         3,338,996     2,821,274

Total revenue                                         7,688,556   113,024,233



Materials, consumables, supplies and services        -1,046,924  -109,144,119

Other operating expenses                             -4,733,230   -15,836,461

Personnel expenses

wages and salaries                                   -2,196,256    -3,959,989

social security taxes                                  -705,107    -1,360,180

Depreciation

Depreciation and value adjustments

to non-current assets                                  -546,673    -1,168,229

value adjustments of current assets                  -3,306,747    -5,916,217

Other expenses                                         -640,651    -2,684,999

Total expenses                                      -13,175,588  -140,070,194



OPERATING PROFIT                                     -5,487,032   -27,045,961



Financial income

Income from subsidiaries                              1,223,902     1,343,948

Income from associated companies                              0       141,254

Foreign exchange gain                                   872,636       268,154

Other interest and financial income                      57,255     2,312,328

Total financial income                                2,153,793     4,065,684



Financial expenses

financial expenses related to subsidiaries           -3,071,072   -15,630,448

financial expenses related

to associated companies                                       0      -510,375

Interest expense                                     -1,245,117    -4,025,805

Foreign exchange loss                                  -601,471      -575,337

Value adjustments to financial investments                    0    -8,813,515



Other financial expenses                               -166,083    -1,270,532

Total financial expenses                             -5,083,743   -30,826,012



PROFIT FROM NORMAL ACTIVITIES                        -8,416,982   -53,806,289

Net profit for the period                            -8,416,982   -53,806,289

Basic earnings per share                                  -4.12        -26.35

Diluted earnings per share                                -4.12        -26.35





Arho Anttila

CEO

+372 650 7500