AS KLEMENTI

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, unaudited

in EEK

                                                    Group            Group        Change             %          Parent          Parent

                                           01.01-31.12.98   01.01-31.12.97                              01.01-31.12.98  01.01-31.12.97

Commercial revenues

1.Net sales                                    124,578,696      98,463,647    26,115,049         26.52     117,513,696      98,305,239

2.Change in work-in-process and finished

  goods inventories                             14,073,831       6,325,120     7,748,711        122.51      12,196,619       6,325,120

3.Other commercial revenues                        889,729       1,394,487      -504,758        -36.20       1,510,754       1,405,046

Total commercial revenues                      139,542,256     106,183,254    33,359,002         31.42     131,221,069     106,035,405

 

Commercial expenses

4.Raw materials, goods and services             63,889,318      40,870,597    23,018,721         56.32      59,157,252      39,957,850

5.Operating expenses                            16,526,839      10,207,775     6,319,064         61.90      17,316,112      12,009,171

6.Personnel expenses                            48,221,809      41,654,771     6,567,038         15.77      46,137,248      40,369,272

  incl.  6.a.salary expenses                    36,256,654      31,288,881     4,967,773         15.88      34,689,350      30,322,344

         6.b.social taxes                       11,965,155      10,365,890     1,599,265         15.43      11,447,898      10,046,928

7.Depreciation                                   3,681,140       2,574,119     1,107,021         43.01       3,629,440       2,558,409

  incl.  7.a.Value adjustments on non-current 

	     assets  				 3,681,140       2,574,119     1,107,021         43.01       3,629,440       2,558,409

8.Other commercial expenses                      1,756,047       1,417,510       338,537         23.88       1,722,049       1,413,164

Total commercial expenses                      134,075,153      96,724,772    37,350,381         38.62     127,962,101      96,307,866

Commercial profit                                5,467,103       9,458,482    -3,991,379        -42.20       3,258,968       9,727,539

 

9.Financial revenues

9.1.Income from subsidiaries                       875,958               0       875,958        100.00       3,134,500         144,959

9.2.Profit from exchange differences                40,883          20,084        20,799        103.56          40,883          20,085

9.3.Other interest and financial income             23,252          35,577       -12,325        -34.64          21,125          32,783

Total:                                             940,093          55,661       884,432       1588.96       3,196,508         197,827

 

10.Financial revenues

10.1.Financial expenses related to subsidiaries     17,000               0        17,000        100.00         717,755         457,964

10.2.Interest expenses                           3,961,652       3,455,766       505,886         14.64       3,872,623       3,455,766

10.3.Loss from exchange differences                124,400         187,864       -63,464        -33.78         124,400         187,864

10.4.Other financial expenses                       53,500             622        52,878       8501.29          53,500             622

Total:                                           4,156,552       3,644,252       512,300         14.06       4,768,278       4,102,216

 

Operating profit                                 2,250,644       5,869,891    -3,619,247        -61.66       1,687,198       5,823,150

 

Profit before taxes                              2,250,644       5,869,891    -3,619,247        -61.66       1,687,198       5,823,150

 

Income tax                                         599,641         575,708        23,933          4.16          78,719         575,708

Potential income tax                                41,771               0        41,771        100.00               0               0

Net profit for the period                        1,609,232       5,294,183    -3,684,951        -69.60       1,608,479       5,247,442

 

Earnings per share                                    0.66            2.22                                        0.66            2.20

 

 

Madis Võõras

AS Klementi 

Chairman of the Management Board