TALLINNA KÜLMHOONE

INCOME STATEMENT



CONSOLIDATED AND AUDITED INCOME STATEMENT 1999



in thousand EEK

                                    12 months 99  12 months 98



Net sales                                454,988       335,140

Change in inventories                      4,763          -570

Other revenue                                496           698

TOTAL REVENUE                            460,247       335,628



Materials, consumables and supplies      358,604       259,709

Personnel expenses                        36,718        31,816

Operating expenses                        21,367        17,159

Depreciation                              11,182         6,997

Other expenses                             1,754         1,332

TOTAL EXPENSES                           429,625       317,013

OPERATING PROFIT                          30,622        18,255



FINANCIAL INCOME                              63           120

FINANCIAL EXPENSES                         6,928         5,164

MINORITY INTEREST                           -163           -81

PROFIT BEFORE INCOME TAX                  23,594        13,130

INCOME TAX                                 6,036         3,784

NET PROFIT                                17,558         9,346





Evald Karu

Management Board member

+372 22 13 369