AS BALTIKA                                        

INCOME STATEMENT                                     

01.01-31.01.99                                    

                       

Unconsolidated, unaudited

In thousand EEK                              

                                    01/99    01/98

                                                  

REVENUES                           20,622   22,412

incl. net sales                    16,282   11,391

Change in inventories               3,767   10,961

Other revenues                        573       60

                                                  

EXPENSES                           19,044   22,648

incl. raw materials and goods       9,027   12,744

Personnel expenses                  4,745    4,957

Operating expenses                  4,403    4,074

Depreciation                          732      656

Other expenses                        137      217

OPERATING PROFIT                    1,578    (236)

 

FINANCIAL REVENUES                     21       28

FINANCIAL EXPENSES                  1,136      313

 

PROFIT FROM OPERATIONS                463    (521)

 

PROFIT BEFORE TAXES                   463    (521)

INCOME TAX                             -        -

GROSS PROFIT                          463    (521)

                                                  

                                                  

Avo Reiska

Member of the Management Board