09.05.2000, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHAS

INCOME STATEMENT



AUDITED INCOME STATEMENT 1999



Thousand EEK.

                                           1999	           1998 

					               RESTATED

REVENUE 

NET SALES			 	  74795		  83588

CHANGE IN WORK-IN-PROGRESS AND

FINISHED GOODS INVENTORIES		  -2919	          -6158

OTHER OPERATING INCOME			   7104		  11465

TOTAL				          78981		  88895



EXPENSES

MATERIALS AND SUPPLIES			 -33306		 -53934

OTHER OPERATING EXPENSES		  -9255		 -45074

PERSONNELEXPENSES		         -16383		 -21865

DEPRECIATION				  -5807		  -9215

OTHER EXPENSES				  -5372		 -38320

TOTAL					 -70123		-168408



OPERATING PROFIT (LOSS)			   8858	         -79513



FINANCIAL INCOME RELATED TO

ASSOCIATES				   3561	            339

FOREIGN EXCHANGE GAIN			    134	            107

OTHER FINANCIAL AND INTEREST INCOME	     56	            468

TOTAL					   3751	            914



INTEREST EXPENSES			  -5034		  -8515

FOREIGN EXCHANGE LOSS			    -81		   -522

AMORTISATION OF GOODWILL		  -1513		  -6136

OTHER FINANCIAL EXPENSES		   -199		  -2501

TOTAL					  -6827		 -17674



PROFIT (LOSS) BEFORE TAXES		   5782 	 -96273

INCOME TAX				      0	           3454

INCL. DEFERRED INCOME TAX		      0	           3454

NET PROFIT (LOSS) FOR FINANCIAL YEAR	   5782	         -92819	



EARNINGS (LOSS) PER SHARE		   2.64          -24.62





Raivo Unt

Financial Director

+372 6120201