KLEMENTI

INCOME STATEMENT

 

CONSOLIDATED, AUDITED INCOME STATEMENT 1999

 

Consolidated, audited

in EEK

 

                                                         Group         Group        Parent        Parent

                                                          1999          1998          1999          1998

REVENUE

1.Net sales                                        106,154,973   124,578,696    94,703,427   117,513,696

2.Other revenue                                      1,565,863       702,729     2,257,212     1,324,754

3.Change in work-in-process                         -2,664,951    14,073,831    -3,482,802    12,196,619

and finished goods inventories

 

 

Expenses

4.Materials, consumables, supplies and services     37,028,316    63,889,318    29,742,446    59,157,252

5.Other operating expenses                          14,516,714    16,526,839    14,736,620    17,316,112

6.Personnel expenses                                46,832,360    48,221,809    43,553,035    46,137,248

incl. 6.a. wages and salaries                       35,179,931    36,256,654    32,714,364    34,689,350

6.b.social security taxes                           11,652,429    11,965,671    10,838,671    11,447,898

7.Depreciation                                       4,058,277     3,681,140     3,755,587     3,629,440

incl.7.a.Depreciation of fixed assets                4,058,277     3,681,140     3,755,587     6,629,440

8.Other expenses                                     1,204,732     1,569,047     1,056,548     1,536,049

Total expenses                                     103,640,399   133,888,153    92,844,236   127,776,101

 

OPERATING PROFIT                                     1,415,489     5,467,103       633,601     3,258,968

 

 

9.FINANCIAL INCOME

9.1.Income from subsidiaries                                -        875,958       693,341     3,134,500

9.3.Other interest and financial income                 41,028        23,252        44,891        21,125

Total                                                   41,028       899,210       738,232     3,155,625

 

10.FINANCIAL EXPENSES

10.1.Expenses related with subsidiaries                     -         17,000        56,064       717,755

10.2.Interest expense                                4,074,102     3,961,652     3,959,456     3,872,623

10.3.Foreign exchange loss                              69,303        83,517        69,303        83,517

10.4.Other financial expenses                               -         53,500            -         53,500

 

Total                                                4,143,405     4,115,669     4,084,823     4,727,395

 

PROFIT FROM NORMAL OPERATIONS                       -2,686,888     2,250,644    -2,712,990     1,687,198

 

Profit before taxes                                 -2,686,888     2,250,644    -2,712,990     1,687,198

 

Income tax                                             150,155       599,641            -         78,719

 

Deferred income tax liability                          -41,771        41,771            -             -

 

Net profit for the period                           -2,795,272     1,609,232    -2,712,990     1,608,479

 

Earnings per share                                      -1.153         0.664        -1.119         0.663

 

 

Ardo Kamratov

372 67 10 703