SAKU ÕLLETEHAS

INCOME STATEMENT



AUDITED INCOME STATEMENT 2001



(In  thousands of  Estonian kroons)



                               Group    Group*   Parent   Parent*

                                      adjusted           adjusted

                                2001      2000     2001      2000

                                                            

Revenue                                                          

                                                                 

Net sales (Note 12)          745,937   729,619  745,937   729,619

Change in work in progress                                       

and

finished goods inventories       555     2,537      555     2,537

Other revenue (Note 14 )         660     6,245      646     6,222

                                                       

                 		                                                

Total revenue        	     747,152   738,401  747,138   738,378

                                                                 

Expenses (Note 15)                                               

                                                                 

Materials, consumables and   477,494   457,909  477,494   457,909

supplies

Other operating expenses     115,920   115,705  115,906   115,682

Personnel expenses            48,097    47,707   48,097    47,707

Depreciation                  42,274    39,091   42,274    39,091

Other expenses                 6,761     4,189    6,761     4,189

                                                                 

Total expenses     	     690,546   664,601  690,532   664,578

                                                                 

OPERATING PROFIT              56,606    73,800   56,606    73,800

                                                                 

Financial income (Note 16)       433       991      433       991

Financial expenses (Note 16)   1,430       725    1,430       725



                                                                 

PROFIT BEFORE TAXES           55,609    74,066   55,609    74,066

Income tax                                 255**              255**

NET PROFIT FOR THE            55,609    73,811   55,609    73,811

FINANCIAL YEAR

Basic earnings per share        6.95      9.23     6.95      9.23

(Note 17)

Diluted earnings per share      6.95      9.23     6.95      9.23

(Note 17)                                              



* The adjustment results from a change in the valuation

of finished goods inventories.

**  Due to additional information received in respect  of

1998  other  operating expenses for 2000 were reduced  by

EEK  1m and additional income tax of EEK 254,800 was paid

for   1998.  This  reduced  the  net  profit   for   2000

accordingly.





Kristina Seimann

PR manager

+372 6508 303