AS EESTI TELEFON

INCOME STATEMENT

01.01.-31.12.98

 

IAS

EEK thous.

 

                                                                       Group                          ET

                                                                        1998           1997           1998           1997

 

Revenues

Net sales                                                          1,968,048      1,515,994      1,939,698      1,472,796

Change in work-in-progress                                              -498          2,250           -498          2,250

Other revenues                                                        26,762         38,789         26,958         40,891

Total revenues                                                     1,994,312      1,557,033      1,966,158      1,515,937

 

Operating expenses

Materials, consumables, supplies and services                        477,635        347,682        477,635        344,885

Other operating expenses                                             239,557        221,919        229,516        205,723

Personnel expenses                                                   352,734        299,036        342,439        288,057

Other expenses                                                        20,254         29,755         20,177         29,712

Total operating expenses                                           1,090,180        898,392      1,069,767        868,377

 

Earnings before depreciation                                         904,132        658,641        896,391        647,560

 

Depreciation and value adjustments of current assets                 554,302        361,627        551,450        355,210

 

Operating profit                                                     349,830        297,014        344,941        292,350

 

Financial income

Financial income from subsidiaries and associated companies              448              0          2,853          2,452

Financial income from other fin. investments                              75                            75

Foreign exchange gain                                                  4,579            702          4,551            672

Other financial income                                                 4,141          1,523          4,046          1,525

Total financial income                                                 9,243          2,225         11,525          4,649

 

Financial expenses

Expenses from subsidiaries and associated companies                        0              0                           179

Intereste expenses                                                    65,573         59,794         65,080         58,281

Foreign exchange loss                                                    735          1,323            670          1,311

Other financial expenses                                              32,387         10,076         32,387         10,076

Total financial expenses                                              98,695         71,193         98,137         69,847

 

Profit before taxes                                                  260,378        228,046        258,329        227,152

 

Income tax: expense (-) / income (+)                                   4,461        -49,305          4,907        -48,292

 

Profit after taxes                                                   264,839        178,741        263,236        178,860

 

Minority interest                                                      1,603           -119

 

Net profit                                                           263,236        178,860        263,236        178,860