AS PENNU COMPUTER TECHNOLOGY GROUP

INCOME STATEMENT

01.07.98-30.09.98

 

Consolidated, unaudited

In thousand EEK

 

                                                  Consolidated        Parent   	      Parent 

                                                 1998/99 I quart  1998/99 I quart  1997/98 I quart

 

 

REVENUES

Net sales 		                                 40,451        31,900        36,621

Other revenues                                              356           263           566

Total revenues                                           40,807        32,163        37,187

 

EXPENSES

Raw materials, goods and services	                 34,331        30,066        32,848

Operating expenses		                          2,417         1,305           956

Personnel expenses

  a) salary expenses                                      1,373           633           762

  b) social taxes                                           451           209           251

Depreciation    

  a) Depreciation of non-current assets                     888           212           171

  b) Value adjustments of current assets                    161           161

Other expenses                                              208           232           406

Total expenses                                           39,830        32,818        35,394

 

OPERATING PROFIT                                            977          -655         1,793

 

FINANCIAL REVENUES

  a) income from subsidiaries                                             338           472

  b) income from affiliated enterprises                      97            97           479

  c) profit from the exchange differences                                                14

  d) other interest and financial income                  1,124         1,658           898

Total financial revenues                                  1,221         2,093         1,863

 

FINANCIAL EXPENSES

  a) financial expenses related to subsidiaries                           455

  b) financial expenses related to affiliated 

     enterprises				              5             5

  c) interest expenses                                    1,697           766           648

  d) loss from the exchange differences                                                   3

  e) other financial expenses                                 3

Total financial expenses                                  1,705         1,226           651

 

PROFIT FROM NORMAL OPERATIONS                               493           212         3,005

PROFIT BEFORE INCOME TAX                                    493           212         3,005

 

INCOME TAX                                                  317            62           534

 

PROFIT AFTER INCOME TAX                                     176           150         2,471

 

 

  incl. group                                                73

  Minority interest                                         103