AS PENNU COMPUTER TECHNOLOGY GROUP

INCOME STATEMENT

01.07.98-30.06.99

 

Financial year:  01.07-30.06

unconsolidated, unaudited

in thousand EEK                                         parent      parent

                                                       1998/99     1997/98 

 

Net sales                                              101,663     169,539

Other revenue                                            1,789       4,370

Total revenue                                          103,452     173,909

 

Materials, consumables, supplies and services           99,881     153,771

Other operating expenses                                10,537       6,545

Personnel expenses                                       3,683       5,156

  incl. salary-related expenses                          2,769       3,877

  social security taxes                                    914       1,279

Depreciation                                             4,851         734

  incl. depreciation and value adjustments on              781         720

  non-current assets

  value adjustments on current assets                    4,070          14

Other expenses                                           2,173       3,572

Total expenses                                         121,125     169,778

 

OPERATING PROFIT                                       -17,673       4,131

 

Financial income                                         4,685       5,427

  incl.Income from subsidiaries                          1,185          71

  Income from associated companies                         141         866

  Foreign exchange gain                                    263         100

  Other interest and financial income                    3,096       4,389

Financial expenses                                      27,366       3,623

  incl.share of result of subsidiaries                  15,170         252

  share of result of associated companies                  510          44

  Interest expenses                                      2,766       3,261

  Foreign exchange loss                                    464          61

  Value adjustments on financial investments             8,456

  Other financial expenses                                               6

 

PROFIT FROM NORMAL ACTIVITIES                          -40,354       5,934

Profit before income tax                               -40,354       5,934

 

Income tax                                                           1,422

Deferred income tax  liability                                         231

 

Net profit for the period                              -40,354       4,282