EESTI TELEKOM

INCOME STATEMENT



EESTI TELEKOM, CONSOLIDATED INCOME STATEMENT



AS EESTI TELEKOM AND SUBSIDIARY COMPANIES

INCOME STATEMENT (unaudited)



In thousand of Estonian kroons

                        3 mths to  3 mths to        2000

                      31 March 01 31 March 00

                                          

Revenue                                        

Net sales                 991,406    929,023   3,930,154

Change in work-in-          1,844       -285        -492

progress

Capitalizes self-           2,603          0           0

constructed assets

Other revenue              54,214     10,380      43,829

Total revenue           1,050,067    939,118   3,973,491

                                                        

Operating expenses                                      

Materials,                271,546    203,204     925,884

consumables, supplies

and services

Other operating            95,989     97,104     427,007

expenses

Personnel expenses        134,606    115,560     484,494

Other expenses             11,198     20,335      58,062

Total expenses            513,339    436,203   1,895,447

                                                        

Profit from operations    536,728    502,915   2,078,044

before depreciation

                                                        

Depreciation and          260,534    247,362     969,305

amortisation

                                                        

Profit from operations    276,194    255,553   1,108,739

                                                        

Income/ -expenses from       -392       -103        -310

subsidiaries and

associated companies

Other net financing          -134     -8,405     -11,854

items

                                                        

Profit before tax         275,668    247,045   1,096,575

                                                        

Income tax expenses (-          0          0           0

) / income (+)

                                                        

Profit after tax          275,668    247,045   1,096,575

                                                        

Minority interest             354      1,432       5,642

                                                        

Net profit from           275,314    245,613   1,090,933

ordinary activities

                                                        

Extraordinary item              0          0      85,197

                                                        

Net profit for the        275,314    245,613   1,176,130

period

                                                          

Earnings per share                                        

Basic earnings per           2.00       1.79        8.56

share (in kroons)

Diluted earnings per         2.00       1.79        8.56

share (in kroons)





Hille Võrk

Financial manager

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