FAKTO

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01-31.12.99



Consolidated, unaudited

in thousand EEK

                                               AS Fakto         Group

                                             1999    1998    1999    1998

Revenues

Net sales                                 174 098 176 235 290 899 354 546

Other revenues                              2 463   2 441   5 454   4 278

Total revenues                            176 561 178 676 296 353 358 824



Expenses

Materials, consumables, supplies etc.     142 544 141 996 232 404 288 510

Other operating expenses                    7 028   6 952  18 272  18 105

Personnel expenses

Salary expenses                            12 284  12 988  20 945  20 887

Social security taxes                       4 023   4 124   6 861   6 757

Total personnel expenses                   16 307  17 112  27 807  27 644

Depreciation and value adjustments to

                      non-current assets    3 640   3 599   6 935   5 919

Other expenses                              4 777   2 173   7 248   5 128

Total expenses                            174 296 171 832 292 666 345 307



Operating profit                            2 265   6 844   3 687  13 517



Financial income

Financial income from subsidiaries            407   2 764       0       0

Foreign exchange gain                           1      54       7      55

Other interest and financial income            75      69   1 405     539

Total financial income                        483   2 887   1 412     594



Financial expenses

Financial expenses related to subsidiaries  2 036     982     420     380

Other financial expenses                        0      61     186     190

Interest expense                            2 086   2 392   5 529   4 505

Foreign exchange loss                           0      43      58      92

Total financial expenses                    4 122   3 479   6 193   5 167



Profit before income tax                   -1 374   6 253  -1 094   8 944



Income tax                                      0     974     154   2 474

Deferred income tax liability              -2 255     -11  -2 294    -214

Minority interest in subsidiary                 0       0     166   1 394



Net profit                                    881   5 290     881   5 290





Toivo Urva

Chairman of Management Board

+372 63 89 222