ESTIKO

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 2000



unaudited

in EEK thousand

scheme 2

                                            2000    1999



Net sales                                168,079 146,308

Cost of goods sold                       132,891 115,503



Gross profit (loss)                       35,188  30,805



Marketing expenses                         6,241   4,747

Administrative expenses                   12,828  13,382

Other revenues                             2,006   3,047

Other expenses                               951   1,185



OPERATING PROFIT                          17,174  14,538



FINANCIAL INCOME

Financial income from subsidiaries             0      18

Foreign exchange gain                          5      33

Other interest and financial income           84     277



TOTAL FINANCIAL INCOME                        89     328



FINANCIAL EXPENSES



Financial expenses related

with subsidiaries                              0     335

Interest expenses                          7,359   8,742

Foreign exchange loss                        291     187

Other financial expenses                     116       0

TOTAL FINANCIAL EXPENSES                   7,766   9,536



NET PROFIT (-LOSS) FOR THE PERIOD          9,497   5,330



NET PROFIT (-LOSS) FOR THE YEAR            9,497   6,328

Minority interest                              0  -1,002

Parent company                             9,497   7,330





Basic earnings per share                    1.61    1.23



Diluted earnings per share                  1.61    1.23





Ellen Tohvri

Management Board chairman

+372 737 1000