TALLINNA KAUBAMAJA AS

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, audited

in EEK

 

INCOME STATEMENT                                                       1998           1998           1997           1997

                                                                      Group         Parent          Group         Parent

 

Net sales                                                       844 202 447    568 018 105    745 588 263    556 442 272

OTHER COMMERCIAL REVENUES                                        11 391 057     12 984 301      8 366 116      5 054 341

TOTAL COMMERCIAL REVENUES                                       855 593 504    581 002 406    753 954 379    561 496 613

                      COMMERCIAL EXPENSES

GOODS                                                           610 848 244    409 560 039    539 953 882    397 654 730

Other operating expenses                                         77 922 658     43 298 764     49 595 432     35 121 432

Personnel expenses

   salary-related expenses                                       61 859 991     40 492 498     57 900 379     41 640 190

   social taxes                                                  23 556 002     13 362 524     18 669 169     13 741 263

Total personnel expenses                                         85 415 993     53 855 022     76 569 548     55 381 453

Depreciation

   Depreciation and value adjustments on non-current assets      37 148 346     23 379 805     23 314 166     17 453 780

   Goodwill depreciation                                            116 250              0              0              0

OTHER COMMERCIAL EXPENSES                                         4 699 116        595 442      4 820 236        878 237

TOTAL COMMERCIAL EXPENSES                                       816 150 607    530 689 072    694 253 264    506 489 631

COMMERCIAL PROFIT (LOSS)                                         39 442 897     50 313 334     59 701 115     55 006 982

FINANCIAL REVENUES

   Income from subsidiaries and affiliated enterprises                    0      2 864 201              0      4 850 896

   Interest revenues                                                466 509        460 731        134 809        129 064

   Other financial revenues                                               0              0         17 568              0

TOTAL FINANCIAL REVENUES                                            466 509      3 324 932        152 377      4 979 960

FINANCIAL EXPENSES 

   Financial expenses related to subsidiaries                             0     18 238 144              0      6 979 031

   Financial expenses related to affiliated enterprises           1 465 077      1 465 077        173 053        173 053

   Interest expenses                                             13 827 326     10 749 696      6 792 660      4 711 791

   Other financial expenses                                       4 752 617      4 672 967        367 520        216 406

TOTAL FINANCIAL EXPENSES                                         20 045 021     35 125 885      7 333 233     12 080 281

PROFIT (-LOSS) BEFORE INCOME TAX                                 19 864 386     18 512 381     52 520 259     47 906 661

INCOME TAX                                                        7 951 655      7 306 922     14 200 035     12 062 093

POTENTIAL INCOME TAX                                              2 847 344      3 025 844      1 508 651      1 092 118

NET PROFIT (-LOSS) FOR THE YEAR                                   9 065 388      8 179 615     36 811 572     34 752 451

Minority interest                                                   885 773              0      2 059 121              0

NET PROFIT FOR THE YEAR (GROUP)                                   8 179 615              0     34 752 451              0

 

Earnings per share                                                      1.2                          5.12

 

 

Urmo Vallner

Member of the Management Board

+372 640 0200