EESTI TELEKOM

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 2001, EEK



AS EESTI TELEKOM AND SUBSIDIARY COMPANIES

In thousand of Estonian kroons (EEK)

unaudited

                                  2001      2000

                                       (restated)

Revenue                                 

Net sales                    4,154,438 3,930,154

Change in work-in-progress         529      -492

Capitalized self-               87,112         0

constructed assets

Other revenue                   42,430    43,829

Total revenue                4,284,509 3,973,491

                                                

Operating expenses                              

Materials, consumables,      1,284,402   925,884

supplies and services

Other operating expenses       484,943   431,658

Personnel expenses             534,697   484,444

Other expenses                  43,314    53,461

Total expenses               2,347,356 1,895,447

                                                

Profit from operations       1,937,153 2,078,044

before depreciation

                                                

Depreciation                 1,141,661   969,305

                                                

Profit from operations         795,492 1,108,739

                                                

Income/ -expenses from          26,829      -310

subsidiaries and associated

companies

Other net financing items       -3,897   -11,854

                                                

Profit before tax              818,424 1,096,575

                                                

Income tax on dividends         30,932    54,349

                                                

Profit after tax               787,492 1,042,226

                                                

Minority interest                  557     5,615

                                                

Net profit from ordinary       786,935 1,036,611

activities

                                                

Extraordinary item                   0    85,197

                                                

Net profit for the period      786,935 1,121,808

                                                

Earnings per share                              

Basic earnings per share          5.73      8.17

(in kroons)

Diluted earnings per share        5.73      8.17

(in kroons)





Hille Võrk

Financial Manager

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