XXL.EE

INCOME STATEMENT

 

CONSOLIDATED INCOME STATEMENT FOR 1998-99 FINANICAL YEAR (18 MONTHS)

 

Consolidated                                     consolidated   consolidated

                                                   01.07.98-       01.07.99-

REVENUE                                            -31.12.99       -31.12.99

 

Net sales                                         140,464,697      12,875,613

Other revenue                                       3,294,341       1,055,827

Total revenue                                     143,759,038      13,931,440

 

EXPENSES

Materials, consumables,                           128,631,081      11,805,191

supplies and services

Other operating expenses                           22,254,514       8,415,050

Personnel expenses

incl. wages and salaries                            7,345,045       1,946,383

social security taxes                               2,391,237         630,481

Depreciation

incl. depreciation of non-current assets            2,104,372         448,385

value adjustments of current assets                 6,119,195       2,583,422

Other expenses                                      3,601,276         522,437

Total expenses                                    172,446,720      26,351,349

 

OPERATING PROFIT                                  -28,687,682     -12,419,909

 

Financial income

incl.Income from subsidiaries                          16,879

Income from associated companies                      487,461

Foreign exchange gain                                 293,920           2,522

value adjustments of financial investments                  0

Other interest and financial income                 1,346,143          91,655

Total financial income                              2,144,403          94,177

 

Financial expenses

incl. financial expenses related to subsidiaries   11,299,198

financial expenses related to associated companie     510,375

Interest expense                                    4,402,447         716,240

Foreign exchange loss                                 689,898         131,697

value adjustments of financial investments          9,013,961      -2,549,065

Other financial expenses                              676,388         581,250

Total financial expenses                           26,592,267      -1,119,878

 

PROFIT FROM NORMAL ACTIVITIES                     -53,135,546     -11,205,854

 

Profit before income tax                          -53,135,546     -11,205,854

 

Income tax                                                  0

 

Deferred income tax liability                               0

 

Profit after taxes                                -53,468,829     -11,205,854

 

Group net profit for the period                   -53,429,599     -11,327,888

Minority interest                                     -39,230         122,034

 

 

                                                 consolidated   consolidated

                                                   01.07.98-       01.07.97-

REVENUE                                            -30.06.99       -30.06.98

 

Net sales                                         127,589,084     181,430,155

Other revenue                                       2,238,514       4,290,034

Total revenue                                     129,827,598     185,720,189

 

EXPENSES

Materials, consumables,                           116,825,890     157,765,290

supplies and services

Other operating expenses                           13,839,464       9,544,117

Personnel expenses

incl. wages and salaries                            5,398,662       5,178,950

social security taxes                               1,760,756       1,689,357

Depreciation

incl. depreciation of non-current assets            1,655,987       1,202,143

value adjustments of current assets                 3,535,773          13,747

Other expenses                                      3,078,839       3,111,693

Total expenses                                    146,095,371     178,505,297

 

OPERATING PROFIT                                  -16,267,773       7,214,892

 

Financial income

incl.Income from subsidiaries                          16,879

Income from associated companies                      487,461         866,237

Foreign exchange gain                                 291,398         100,352

value adjustments of financial investments

Other interest and financial income                 1,254,488       2,038,176

Total financial income                              2,050,226       3,004,765

 

Financial expenses

incl. financial expenses related to subsidiaries   11,299,198          36,147

financial expenses related to associated companie     510,375          43,792

Interest expense                                    3,686,207       3,864,135

Foreign exchange loss                                 558,201          60,803

value adjustments of financial investments         11,563,026

Other financial expenses                               95,138           5,630

Total financial expenses                           27,712,145       4,010,507

 

PROFIT FROM NORMAL ACTIVITIES                     -41,929,692       6,209,150

 

Profit before income tax                          -41,929,692       6,209,150

 

Income tax                                                          1,756,275

 

Deferred income tax liability                                         240,691

 

Profit after taxes                                -42,262,975       4,212,184

 

Group net profit for the period                   -42,101,711       4,205,042

Minority interest                                    -161,264           7,142

 

 

Arho Anttila arho@xxl.ee

Chief Executive

372 6 283 601