XXL.EE

INCOME STATEMENT



CONSOLIDATED UNAUDITED INCOME STATEMENT, 2000



in thousand EEK

                                        01.10.00- 01.04.99- 01.01.00- 01.07.98-

                                         31.12.00  30.06.99  31.12.00  30.06.99



Net sales                                   1,872    14,305     8,377   127,589

Other revenue                                 417       704     3,391     2,239

Total revenue                               2,289    15,009    11,855   129,828



Materials, consumables, supplies and services  92    13,831     3,573   116,826

Other operating expenses                    1,675     2,372     7,345    13,839

Personnel expenses

incl. wages and salaries                    1,448     1,107     3,812     5,399

social security taxes                         467       359     1,191     1,761

Depreciation

incl. depreciation of non-current assets      317       232       559     1,656

value adjustments of current assets         1,340     3,193     3,394     3,536

Other expenses                                214       650     1,264     3,079

Total expenses                              5,554    21,742    21,437   146,095



OPERATING PROFIT                           -3,265    -6,734    -9,582   -16,268



Financial income                            1,189       103     3,115     2,050

incl.Income from subsidiaries                  17       990        17

Income from associated companies            1,166        61     1,166       487

Foreign exchange gain                          12         2       873       291

Other interest and financial income            10        21        85     1,254

Financial expenses                            531    12,016     4,521    27,712

incl. financial expenses related to subsidiaries                2,050    11,299

financial expenses related to associated companies                  0       510

Interest expense                              196       689     1,597     3,686

Foreign exchange loss                         277       219       602       558

Other financial expenses                       58      -456       272        95

Value adjustments to financial investments           11,563         0    11,563

PROFIT FROM NORMAL ACTIVITIES              -2,607   -18,647   -10,989   -41,930

Profit before income tax                   -2,607   -18,647   -10,989   -41,930



Income tax                                               33                 467

Deferred income tax liability



Net profit for the period                  -2,607   -18,546   -10,989   -42,263



Minority interest                            -240      -287      -240      -161

NET PROFIT FOR THE GROUP                   -2,367   -18,258   -10,749   -42,102





Arho Anttila

CEO

+372 6 507 500