EESTI TELEKOM

INCOME STATEMENT



EESTI TELEFON, CONSOLIDATED INCOME STATEMENT



AS EESTI TELEFON AND SUBSIDIARY COMPANIES

INCOME STATEMENT (unaudited)



In thousand of Estonian kroons

                         3 mths to  3 mths to       2000

                          31 03 01   31 03 01

                                

Revenue                                         

Net sales                  705,407    655,517  2,665,939

Change in work-in-           1,844       -285       -492

progress

Capitalizes self-            2,603          0          0

constructed assets

Other revenue               47,710      8,007     24,837

Total revenue              757,564    663,239  2,690,284

                                                       

Operating expenses                                     

Materials, consumables,    276,592    178,400    750,260

supplies and services

Other operating             77,721     75,808    349,450

expenses

Personnel expenses         106,588     99,794    398,214

Other expenses               6,079      7,286     28,796

Total expenses             466,980    361,288  1,526,720

                                                       

Profit from operations     290,584    301,951  1,163,564

before depreciation

                                                       

Depreciation and           186,598    172,860    691,879

amortisation

                                                       

Profit from operations     103,986    129,091    471,685

                                                       

Income/ -expenses from        -336       -103       -310

subsidiaries and

associated companies

Other net financing         -9,680    -17,120    -49,279

items

                                                       

Profit before tax           93,970    111,868    422,096

                                                       

Income tax expenses (-)          0          0          0

/ income (+)

                                                       

Profit after tax            93,970    111,868    422,096

                                                       

Minority interest              354      1,214      4,632

                                                       

Net profit for the          93,616    110,654    417,464

period

                                                        

Earnings per share                                      

Basic earnings per        1,403.75   1,659.23   6,259.77

share (in kroons)

Diluted earnings per      1,403.75   1,659.23   6,259.77

share (in kroons)





Hille Võrk

Financial manager

6 272 460