XXL.EE

INCOME STATEMENT

 

INCOME STATEMENT FOR 1998-99 FINANCIAL YEAR (18 MONTHS)

 

Financial year: 01.07.98-31.12.99

EEK thousand                                            parent         parent         parent

                                             01.07.98-31.12.99      1997/1998        H2 1998

                                                               financial year

 

Net sales                                              110,225        169,539         74,420

Other revenue                                            2,568          4,370            982

Total revenue                                          112,793        173,909         75,402

 

Materials, consumables, supplies and services          109,125        153,771         73,036

Other operating expenses                                12,546          6,545          6,756

Personnel expenses                                       5,433          5,156          1,992

incl. wages and salaries                                 4,081          3,877          1,496

social security taxes                                    1,352          1,279            496

Depreciation                                             6,680            734            695

incl. depreciation                                       1,196            720            415

value adjustments to non-current assets                  5,484             14            280

Other expenses                                           2,769          3,572            830

Total expenses                                         136,553        169,778         83,309

 

OPERATING PROFIT                                       -23,760          4,131         -7,907

 

Financial income                                         4,432          5,426          3,201

incl.Income from subsidiaries                            1,240             71            642

Income from associated companies                           141            866            141

Foreign exchange gain                                      266            100            255

Other interest and financial income                      2,785          4,389          2,163

Financial expenses                                      30,091          3,624         25,573

incl. financial expenses related to subsidiaries        15,967            252         15,168

financial expenses related to associated companies         510             44            510

Interest expense                                         3,727          3,261          1,421

Foreign exchange loss                                      576             61             18

Value adjustments to financial investments               8,456                         8,456

Other financial expenses                                   855              6

 

PROFIT FROM NORMAL ACTIVITIES                          -49,419          5,933        -30,279

Profit before income tax                               -49,419          5,933        -30,279

 

Income tax                                                              1,422

Deferred income tax liability                             -231            231

 

Net profit for the period                              -49,188          4,280        -30,279

 

 

Arho Anttila arho@xxl.ee

Chief Executive

+372 62 83 601