Estonian Telecom Limited

Profit and loss statement 

01.01-30.06.99

 

consolidated, IAS

unaudited

EEK thous.

 

                                                             G R O U P                    ESTONIAN TELECOM

 

                                                             1999 6M       1998 6M        1999 6M        1998 6M

Revenue

Net sales                                                   1,686,501     1,441,898              0              0

Change in work-in-progress                                       -678        -1,672              0              0

Other revenue                                                  13,269        16,294             17             37

Total revenue                                               1,699,092     1,456,520             17             37

 

Operating expenses

Materials, consumables, supplies and services                 378,564       347,012              0              0

Other operating expenses                                      184,547       146,213         19,427         13,767

Personnel expenses                                            216,363       194,203          4,459          1,681

Other expenses                                                 40,441        35,943          1,544          1,115

Total expenses                                                819,915       723,371         25,430         16,563

 

Profit from operations before depreciation                    879,177       733,149        -25,413        -16,526

 

Depreciation, amortisation and value adjustments of cu        431,483       295,908            315            188

 

Profit from operations                                        447,694       437,241        -25,728        -16,714

 

Financial income

Income from subsidiaries and                                      437             0        277,828        178,459

associated companies

Income from other financial investments                             0            75          7,644          7,644

Foreign exchange gain                                               0             0            238              0

Other financial income                                          8,800        14,270          5,408          9,083

Total financial income                                          9,237        14,345        291,118        195,186

 

Financial expenses

Expenses from subsidiaries and associated                           0             0              0              0

companies

Interest expense                                               21,009        23,614              0              0

Foreign exchange loss                                           3,051           531              0              0

Other financial expenses                                       15,738        19,731              0              0

Total financial expenses                                       39,798        43,876              0              0

 

Profit before tax                                             417,133       407,710        265,390        178,472

 

Income tax expenses (-) / income (+)                          -69,918       -60,710              0         -3,493

 

Profit after tax                                              347,215       347,000        265,390        174,979

 

Minority interest                                              81,825       172,021              0              0

 

Net profit for the period                                     265,390       174,979        265,390        174,979