ESTONIAN MOBILE TELEPHONE COMPANY

INCOME STATEMENT

01.01-30.06.99

 

 

consolidated, IAS

unaudited

EEK thous.

 

                                                                    Group                     Estonian Mobile Telephone Co.

 

                                                                   6 M 99         6 M 98         6 M 99          6 M 98

Revenues

Net sales                                                         740,083        625,600        695,199         602,847

Other revenues                                                      5,926          7,540          5,531           7,319

Total revenues                                                    746,009        633,140        700,730         610,167

 

Operating expenses

Materials, consumables, supplies and services                     265,565        249,188        234,679         235,336

Other operating expenses                                           40,933         28,283         36,700          25,310

Personnel expenses                                                 24,850         19,209         20,731          17,056

Other expenses                                                     25,495         24,908         25,317          24,879

Total operating expenses                                          356,843        321,588        317,426         302,582

 

Earnings before depreciation                                      389,166        311,553        383,304         307,585

 

Depreciation and value adjustments of current assets              108,602         77,675        107,551          77,075

 

Operating profit                                                  280,564        233,878        275,753         230,510

 

Financial income

Financial income from investments                                       0              0          3,552           2,703

Foreign exchange gain                                                   0             88              0              88

Other financial income                                              2,146          3,471          2,043           3,400

Total financial income                                              2,146          3,559          5,595           6,191

 

Financial expenses

Expenses from investments                                               0              0              0              30

Intereste expenses                                                      0              0              0               0

Foreign exchange loss                                                  10             33             10              33

Other financial expenses                                              567          3,015            567           3,009

Total financial expenses                                              578          3,049            577           3,073

 

Profit before taxes                                               282,133        234,388        280,771         233,629

 

Income tax: expense (-) / income (+)                              -66,917        -54,053        -65,661         -53,030

 

Profit after income tax                                           215,216        180,335        215,110         180,599

Minority interest                                                     106           -265              0               0

Net profit                                                        215,110        180,599        215,110         180,599