AS PENNU COMPUTER TECHNOLOGY GROUP

INCOME STATEMENT

01.07-31.03.99

 

Financial year:  01.07-30.06

consolidated, unaudited

in thousand EEK

			                                  group        group           group

                                                 1998/99 9 months      97/98  1997/98 9 months

 

Net sales 		                                113,284      181,430         160,153

Other revenue                                             1,535        4,290           4,665

Total revenue                                           114,819      185,720         164,818

 

Materials, consumables, supplies and services           102,995      157,765         139,894

Other operating expenses                                 11,467        9,544           4,099

Personnel expenses                                        5,694            0           4,347

  incl. salary-related expenses                           4,292        5,179           3,270

  social security taxes                                   1,402        1,689           1,076

Depreciation                                              1,767            0           2,584

  incl. depreciation and value adjustments on             1,424        1,202           2,570

  non-current assets 

  value adjustments on current assets                       343           14              14

Other expenses                                            2,429        3,112           2,205

Total expenses                                          124,353      178,505         153,128

 

Gross profit                                             -9,534        7,215          11,690

 

Financial income                                          1,947        3,005           1,373

  Income from subsidiaries                                                 0

  Income from associated companies                          426          866             644

  Foreign exchange gain                                     289          100              24

  Other interest and financial income                     1,233        2,038             706

Financial expenses                                       15,696        3,998           3,539

  Expenses from subsidiaries                             11,299           36

  Expenses from associated companies                        510           32

  Interest expense                                        2,997        3,864           3,444

  Foreign exchange loss                                     339           61              24

  Other financial expenses                                  551            6              72

 

Operating profit                                        -23,283        6,221           9,524

Profit before income tax                                -23,283        6,221           9,524

 

Income tax                                                  434        1,756           2,323

Deferred income tax                                                      241

 

Net profit for the period                               -23,717        4,224           7,201

 

Minority interest                                           126           14              -7

Net profit for the group                                -23,844        4,211           7,208