31.08.1999, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHASE AS

INCOME STATEMENT

01.04.-30.06.99

 

Consolidated

Unaudited

in EEK

 

                                               Group                     Tallinna Farmaatsiatehas

                                             H1 1999        H1 1998        H1 1999        H1 1998

REVENUES

NET SALES                                  14,273,499     25,782,423     14,273,499     25,758,290

 

CHANGE IN INVENTORIES                         674,659      8,206,782        674,659      8,206,782

OTHER REVENUES                                951,613      3,143,746        951,613      3,186,646

TOTAL REVENUES                             15,899,771     37,132,951     15,899,771     37,151,718

 

EXPENSES

RAW MATERIALS                              -7,935,209    -16,724,724     -7,935,209    -16,712,635

OPERATING EXPENSES                         -1,971,650    -10,274,425     -1,971,650    -10,192,760

PERSONNEL EXPENSES                         -4,552,296     -6,063,351     -4,552,296     -5,860,670

DEPRECIATION                               -1,473,667     -1,793,984     -1,473,667     -1,750,488

OTHER EXPENSES                             -1,103,156     -3,456,277     -1,103,156     -3,456,277

TOTAL EXPENSES                            -17,035,978    -38,312,761    -17,035,978    -37,972,830

 

OPERATING PROFIT (-LOSS)                   -1,136,207     -1,179,810     -1,136,207       -821,112

 

INCOME/COST OF EQUITY HOLDING                  -5,837             -          -5,837             -

OTHER FINANCIAL INCOME                         29,631        252,096         29,631        134,841

AMORTIZATION OF GOODWILL                     -567,501       -782,301       -567,501       -782,301

OTHER FINANCIAL EXPENSES                   -1,388,270     -1,684,920     -1,388,270     -1,581,420

TOTAL                                      -1,931,977     -2,215,125     -1,931,977     -2,228,880

 

PROFIT (-LOSS) BEFORE                      -3,068,184     -3,394,935     -3,068,184     -3,049,992

INCOME TAX

 

INCOME TAX                                    355,782        727,254        355,782        727,254

Incl. DEFERRED INCOME TAX

 

PROFIT AFTER INCOME TAX                    -2,712,402     -2,667,681     -2,712,402     -2,322,738

 

NET PROFIT (-LOSS) FOR Q2                  -2,712,402     -2,667,681     -2,712,402     -2,322,738

 

Earnings per share                             -0,72          -0,71