AS EESTI TELEKOM

INCOME STATEMENT

01.01-31.03.99

 

Profit and loss statement, IAS, unaudited

 

EEK thous.

 

 

                                                   G R OU P                             AS EESTI TELEKOM

 

                                                      1999 3M      1998 3M          1998     1999 3M      1998 3M          1998

Revenue

Net sales                                              812,027      688,540    3,061,705            0            0            0

Change in work-in-progress                                 175       -1,749         -498            0            0            0

Other revenue                                            6,733        7,865       37,836            7            1          530

Total revenue                                          818,935      694,656    3,099,043            7            1          530

 

Operating expenses

Materials, consumables, supplies and services          183,385      160,384      752,349            0            0            0

Other operating expenses                                98,211       67,860      347,655       23,620        3,403       39,559

Personnel expenses                                     109,262       96,936      402,417        2,474        1,005        3,632

Other expenses                                          22,215       17,195       70,921        1,151          766        1,518

Total expenses                                         413,073      342,375    1,573,342       27,245        5,174       44,709

 

Profit from operations before depreciation             405,862      352,281    1,525,701      -27,238       -5,173      -44,179

Depreciation, amortisation and value

adjustments of current assets                          213,215      144,164      721,503          133           94          383

 

Profit from operations                                 192,647      208,117      804,198      -27,371       -5,267      -44,562

 

Financial income

Income from subsidiaries and associated                    146            0          448       84,434       81,745      332,400

companies

Income from other financial investments                      0           15           75        3,801        3,801       15,413

Foreign exchange gain                                        0            0        3,817            0            0            0

Other financial income                                   4,973        3,812       26,408        2,904        1,112       16,679

Total financial income                                   5,119        3,827       30,748       91,139       86,658      364,492

 

Financial expenses

Expenses from subsidiaries and associated                    0            0            0            0            0            0

companies

Interest expense                                        11,881       11,863       55,710            0            0            0

Foreign exchange loss                                    2,626        1,538            0            0            0            0

Other financial expenses                                 7,320       10,594       32,394            0            0            0

Total financial expenses                                21,827       23,995       88,104            0            0            0

 

Profit before tax                                      175,939      187,949      746,842       63,768       81,391      319,930

 

Income tax expenses (-) / income (+)                   -30,860      -27,704     -106,771            0            0       -1,767

 

Profit after tax                                       145,079      160,245      640,071       63,768       81,391      318,163

 

Minority interest                                       81,311       78,854      321,908            0            0            0

 

Net profit for the period                               63,768       81,391      318,163       63,768       81,391      318,163