TALLINNA KÜLMHOONE

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 01.01.00-31.12.00



Consolidated, unaudited

in thousand EEK

                                          Q4 2000 Q4 1999 12 mo/00 12 mo/99



REVENUE

Net sales                                 121,372 109,184  485,191  454,988



Change in inventories                       1,127   1,162     -786    4,763

Other revenue                                 293      32    1,142      496

TOTAL REVENUE                             122,792 110,378  485,547  460,247

EXPENSES

Materials, consumables and supplies       102,370  91,194  386,345  358,604

Operating expenses                          4,240   4,885   23,459   21,367

Personnel expenses                         10,332   8,810   40,447   36,718

Salary expenses                             7,769   6,608   30,408   27,555

Social security taxes                       2,563   2,202   10,039    9,163

Depreciation                                3,597   3,824   14,217   11,182

Other expenses                                328     724    1,640    1,754

TOTAL EXPENSES                            120,867 109,437  466,108  429,625

OPERATING PROFIT                            1,925     941   19,439   30,622

FINANCIAL INCOME

Other interest and financial income            19      24       71       63

TOTAL                                          19      24       71       63

FINANCIAL EXPENSES

Interest expenses                           1,432   1,418    5,189    6,826

Foreign exchange profit/loss                   73     102       73      102

TOTAL                                       1,505   1,520    5,262    6,928

PROFIT (LOSS) FROM NORMAL OPERATIONS          439    -555   14,248   23,757

DEFERRED INCOME TAX EXPENSE                          -238             6,036

MINORITY INTEREST                             -16      19      -95     -163

NET PROFIT (LOSS) FOR THE YEAR                423    -298   14,153   17,558



EARNINGS PER SHARE (EEK)                    0.125  -0.088    4.179    5.184





Evald Karu

Management Board member

+372 6 057 800