FAKTO

INCOME STATEMENT

 

CONSOLIDATED INCOME STATEMENT 01.01.-31.12.1999

 

Consolidated, audited

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       5,470       4,278

Total revenues                                     176,561     178,676     296,369     358,824

 

Expenses

Materials, consumables, supplies and services      142,544     141,996     232,415     288,510

Other operating expenses                             7,028       6,952      18,272      18,105

Personnel expenses

Salary expenses                                     12,284      12,988      20,979      20,887

Social security taxes                                4,023       4,124       6,872       6,757

Total personnel expenses                            16,307      17,112      27,851      27,644

Depreciation and value adjustments                   3,640       3,599       6,935       5,919

to non-current assets

Other expenses                                       4,777       2,173       7,263       5,128

Total expenses                                     174,296     171,832     292,736     345,307

 

Operating profit                                     2,265       6,844       3,633      13,517

 

Financial income

Financial income from subsidiaries                     356       2,764           0           0

Foreign exchange gain                                    1          54           7          55

Other interest and financial income                     75          69       1,405         539

Total financial income                                 433       2,887       1,412         594

 

Financial expenses

Financial expenses related to subsidiaries           2,041         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                             4,128       3,479       6,193       5,167

 

Extraordinary income                                 2,255           0       2,294           0

 

Profit before income tax                               825       6,253       1,146       8,944

 

Income tax                                               5         974         161       2,474

Deferred income tax liability                            0         -11           0        -214

Minority interest in subsidiary                          0           0         165       1,394

 

Net profit                                             820       5,290         820       5,290

 

 

Indrek Vilde

CFO

+372 6 389 211