TALLINNA KAUBAMAJA

INCOME STATEMENT



INCOME STATEMENT, Q1 2001



Consolidated, unaudited

in thousand EEK

                                         Q1 2001   Q1 2000



REVENUE

Net sales                                298,532   226,265

Other revenue                              4,110     1,797

Total revenue                            302,642   228,062

EXPENSES

Goods                                   -226,034  -165,324

Other operating expenses                 -35,778   -23,132

Personnel expneses                       -30,082   -21,794

Depreciation                             -12,576    -8,810

Depreciation and value

adjustments to non-current assets        -12,541    -8,775

Amortisation of goodwill                     -35       -35

Other expenses                              -621      -363

Total expenses                          -305,090  -219,424

OPERATING PROFIT                          -2,448     8,638

Financial income                             149     1,649

Interest income                              149       101

Other financial income                         0     1,548

Financial expenses                        -3,662    -2,877

Financial expenses related with

associated companies                         -73       -78

Interest expenses                         -3,576    -2,753

Other financial expenses                     -12       -45

NET PROFIT FOR THE PERIOD

BEFORE MINORITY INTEREST                  -5,961     7,410

Minority share                               109      -193

NET PROFIT (LOSS) FOR THE PERIOD          -5,852     7,217





Toomas Tamsar

Management Board chairman

+372 6 400 200