XXL.EE

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9M 2001



Consolidated, unaudited

in thousand EEK

                                      01.07.01- 01.07.00- 01.01.01- 01.01.00-

                                       30.09.01  30.09.00  30.09.01  30.09.00



Net sales                                 1,801     1,331     5,176     6,510

Other revenue                               646     2,418     1,238     2,756

Total revenue                             2,447     3,749     6,414     9,266



Materials, consumables,

supplies and services                       545       544       928     3,482

Other operating expenses                  1,544     5,273     4,625     7,606

Personnel expenses

incl. wages and salaries                  1,938     1,109     5,088     2,209

social security taxes                       538       324     1,463       672

Depreciation

incl. depreciation and value

adjustments to non-current assets           439       624     1,172       828

value adjustments of current assets

Other expenses                              646       169       684     1,047

Total expenses                            5,650     8,043    13,960    15,844



OPERATING PROFIT                         -3,203    -4,294    -7,546    -6,578



Financial income                          1,998    11,753     3,481    11,841

incl.Income from subsidiaries             1,988    10,906     1,998    10,906

Income from associated companies

Foreign exchange gain                                 793        28       860

Other interest and financial income                    54     1,455        75

Financial expenses                          124     2,079       772     3,870

incl. financial expenses

related to subsidiaries

financial expenses related to

associated companies                                                      196

Interest expense                            118       417       502     1,401

Foreign exchange loss                         4        27        96       342

Other financial expenses                      2        78       174       234

Value adjustments to financial investments          1,557               1,697



PROFIT FROM NORMAL ACTIVITIES            -1,329     5,380    -4,837     1,393



Minority interest                                              -102



NET PROFIT FOR THE GROUP                 -1,329     5,380    -4,735     1,393

Earnings per share                                            -1.89      1.39

Diluted earnings per share                                    -1.89      1.09





Alan Rein

CEO

+372 6 507 500