SAKU ÕLLETEHAS

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01-31.12.99



In kroons, audited

                                    Group     Group,       Parent      Parent

                                            adjusted      company    company,

                                                                     adjusted

                                     1999       1998         1999        1998

Operating income                                                             

                                                                             

Net sales (Note 10)           715 039 786  541 852 162  720 693 760 600 201 888

Change of finished goods and    1 480 839    1 255 469    1 861 471   2 594 694

work-in-progress

Other operating income (Note      613 629      954 761      580 739     942 781

12)

                                                                             

   Total operating income     717 134 254  544 062 392  723 135 970 603 739 363

                                                                             

Operating expenses (Note 13)                                                 

                                                                             

Goods, raw materials and      450 514 539  343 029 270  456 818 877 405 010 837

services

Miscellaneous operating       112 793 673   86 756 515  112 595 430  85 430 995

expenses

Labour expenses                42 656 873   34 792 209   42 542 170  33 765 780

Depreciation                   30 852 523   25 458 383   30 852 523  25 458 383

Other operating expenses        4 236 038    2 063 834    4 236 010   2 055 139

                                                                             

  Total operating expenses    641 053 646  492 100 211  647 045 010 551 721 134

                                                                             

      OPERATING PROFIT         76 080 608   51 962 181   76 090 960  52 018 229

 Financial income (Note 14)     2 690 442    4 380 444    2 680 080   4 321 225

Financial expenses (Note 14)    2 741 946          148    2 741 946          29

                                                                             

     PROFIT BEFORE TAXES       76 029 104   56 342 477   76 029 094  56 339 425

Income tax                     15 019 840   12 645 888   15 019 830  12 642 836

         NET PROFIT            61 009 264   43 696 589   61 009 264  43 696 589

 Net profit per share (Note          7,63         5,46         7,61        5,46

             15)





Ruth Roht

Public relations Manger

+372 6 508 303