TALLINNA KÜLMHOONE

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01.-31.12.99



Consolidated, unaudited

in thousand EEK



                                      12 mo/99  12 mo/98



Net sales                               455006    335140

Change in inventories                     4763      -570

Other revenue                              674       698

TOTAL REVENUE                           460442    335628



Materials, consumables and supplies     357898    259709

Personnel expenses                       36686     31816

Operating expenses                       22056     17159

Depreciation                             10705      6997

Other expenses                            1788      1332

TOTAL EXPENSES                          429133    317013

OPERATING PROFIT                         31309     18255



FINANCIAL INCOME                            65       120

FINANCIAL EXPENSES                        6913      5164

MINORITY INTEREST                         -175       -81

PROFIT BEFORE INCOME TAX                 24286     13130

INCOME TAX                                6314      3784

NET PROFIT                               17972      9346





Evald Karu

Financial Director

+372 22 13 369