AS FAKTO

INCOME STATEMENT

01.01-30.06.99

 

Consolidated, unaudited

in thousand EEK

  

                                                              H1 99        H1 98    Change      %        1998

Revenues

Net sales                                                   140,253      195,348   -55,096   -15.51%   355,294

Other revenue                                                 1,901        1,590       310     7.26%     4,278

Total revenues                                              142,154      196,939   -54,785   -15.24%   359,572

 

Expenses

Raw materials,goods, and services                           111,444      159,524   -48,080   -16.65%   288,837

Other operating expenses                                      8,939        9,304      -365    -1.97%    18,527

Personnel expenses

   Salary expenses                                           10,841       10,789        51     0.25%    20,887

   Social taxes                                               3,279        3,305       -26    -0.39%     6,757

Total personnel expenses                                     14,119       14,094        25     0.09%    27,644

Depreciation and value adjustments on non-current assets      3,484        3,581       -97    -1.64%     5,919

Other expenses                                                2,543        2,237       306     5.97%     5,128

Total expenses                                              140,529      188,739   -48,210   -13.93%   346,055

 

Operating profit                                              1,625        8,200    -6,575   -48.64%    13,517

 

Financial revenue

Foreign exchange gain                                             4           49       -45   -81.59%        55

Other interest and financial income                             737           94       643   119.30%       539

Total financial revenue                                         742          143       599   100.80%       594

 

Financial expenses

Financial expenses related to subsidiaries                      230          190        40    10.53%       380

Other financial expenses                                         68           95       -27   -14.29%       190

Interest expenses                                             3,008        1,439     1,569    34.83%     4,505

Foreign exchange loss                                            20           70       -50   -54.70%        92

Total financial expenses                                      3,325        1,794     1,531    29.64%     5,167

 

Profit before income tax                                       -959        6,549    -7,508   -83.94%     8,944

 

Income tax                                                      566        1,975    -1,409   -56.94%     2,474

deferred income tax liability                                   -29          186      -214   100.20%      -214

Minority interest in subsidiary                                 312          951      -639   -45.83%     1,394

 

Net profit                                                   -1,809        3,437    -5,246   -99.18%     5,290

 

 

Toivo Urva

Chairman of the Management Board

+372 63 89 200