MERKO EHITUS

INCOME STATEMENT

01.01.99-30.09.99

 

Consolidated income statement

unaudited, in thousand EEK

                                                              9-months 1999          1998   9-months 1998

 

Net sales                                                           523 930        843 156        577 574

Change in work-in-progress inventories                                   75          2 046         -9 034

Capitalized self-constructed assets                                                 56 819         51 293

Other income                                                          5 428         12 568          3 897

TOTAL REVENUE                                                       529 433        914 589        623 730

Raw materials, goods and services                                   375 284        693 750        465 156

Other operating expenses                                             70 123         97 367         65 824

Personnel expenses                                                   33 198         63 273         46 438

incl. salary-related expenses                                        25 141         47 564         34 923

social security taxes                                                 8 057         15 709         11 515

Depreciation and value adjustments on non-current assets              4 968          9 475          3 984

Other expenses                                                        8 180          3 283          2 896

TOTAL EXPENSES                                                      491 753        867 148        584 298

OPERATING PROFIT                                                     37 680         47 441         39 432

Income from subsidiaries                                                 12            504            127

Income from affiliated enterprises                                    2 706            844          2 021

Financial income from other

long-term financial investments                                                        864            922

Foreign exchange gain                                                   711            112             52

Other interest and financial income                                   3 122          4 281          5 289

TOTAL FINANCIAL INCOME                                                6 551          6 605          8 411

Financial expenses related to subsidiaries                           11 339            197            157

Financial expenses related to affiliated enterprises                    146          3 837            412

Interest expenses                                                     1 589          1 510            512

Foreign exchange loss                                                   289            144            623

Other financial expenses                                             56 534          7 586          6 988

TOTAL FINANCIAL EXPENSES                                             69 897         13 274          8 692

PROFIT FROM NORMAL OPERATIONS                                       -25 666         40 772         39 151

Extraordinary expenses                                                                  19

 

Profit before income tax                                            -25 666         40 753         39 151

Income tax                                                           12 214          1 338         10 882

Deferred income tax liability                                          -372          1 023              8

NET PROFIT FOR THE YEAR                                             -37 507         38 392         28 261

incl. minority interest                                                   8            -91           -407

NET PROFIT FOR THE GROUP                                            -37 515         38 483         28 668

 

INCOME STATEMENT TO OPERATING PROFIT                               SCHEME 2

 

Net sales                                                           523 930        843 156        577 574

Cost of merchandise sold                                            454 985        768 200        513 418

GROSS PROFIT                                                         68 945         74 956         64 156

Marketing expenses                                                    7 697          7 504          4 268

Administrative expenses                                              20 983         29 559         21 608

Other income                                                          5 426         12 568          3 897

Other expenses                                                        8 011          3 020          2 745

OPERATING PROFIT                                                     37 680         47 441         39 432