TALLINNA KAUBAMAJA

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 31.12.99-30.06.00



Unaudited

in EEK thousand



                                      H1 2000   H1 1999   Q2 2000   Q2 1999

REVENUE

Net sales                             494,508   433,629   268,242   229,016

Other revenue                           8,279     7,608     4,754     4,956

Total revenue                         502,787   441,237   272,996   233,972

EXPENSES

Goods                                -362,036  -326,800  -194,983  -170,381

Other operating expenses              -47,214   -39,444   -24,080   -19,984

Personnel expneses                    -47,764   -38,916   -25,970   -19,603

wages and salaries                    -35,876   -29,208   -19,507   -14,697

social security taxes                 -11,888    -9,708    -6,463    -4,905

Depreciation                          -23,258   -19,939   -14,448    -9,980

depreciation and value

adjustments to non-current assets     -23,188   -19,869   -14,413    -9,945

Amortisation of goodwill                  -70       -70       -35       -35

Other expenses                           -950    -1,146      -587      -407

Total expenses                       -481,220  -426,244  -260,068  -220,354

OPERATING PROFIT                       21,566    14,992    12,928    13,618

Financial income                        2,096     4,170       932     1,813

interest income                           494       341       878       123

other financial income                  1,602     3,829        54     1,690

Financial expenses                     -6,524   -10,045    -4,133    -4,688

financial expenses related

with associated companies                -334      -825      -256      -350

interest expenses                      -6,124    -9,182    -3,856    -4,318

other financial expenses                  -66       -39       -21       -21

Profit before taxes                    17,138     9,117     9,727    10,743

Income tax for the year                     0    -2,754         0    -2,525

NET PROFIT FOR THE YEAR                17,138     6,362     9,727     8,217

Minority share                           -536        25      -344      -230

GROUP NET PROFIT (LOSS) FOR THE YEAR   16,601     6,388     9,384     7,987



Basic earnings per share                 2.45      0.94      1.38      1.18

Diluted earnings per share               2.45      0.94      1.38      1.18





Urmo Vallner

Management Board member

+372 64 00 200