AS HARJU ELEKTER

INOCME STATEMENT

01.01.-30.06.99

 

Consolidated/unaudited

in thousand EEK

 

INCOME STATEMENT                                      Parent                    Group

                                                       H1 99        H1 98       H1 99        H1 98

 

NET SALES                                              61206        69378       70693        73769

Cost of goods sold                                     50317        53606       57713        56632

Gross profit                                           10889        15772       12980        17137

 

Operating expenses, incl.                               6512         7447        7475         8130

Marketing expenses                                      1513         2025        2006         2269

Administrative expenses                                 4665         4818        5134         5271

Development expenses                                     334          604         334          590

Amortisation of goodwill                                   x            x          48           15

Other revenues                                           702           74         702           79

Other expenses                                           390          300         401          308

Operating profit                                        4689         8099        5758         8763

 

Financial income from subsidiaries                      2587            0        2587            0

Financial income from affiliated companies                 0            0           0          647

Financial income from other holdings                    4506         4147        4506         4147

Foreign exchange gain                                      1           12           2           12

Other interest and financial income                      329          131         290          105

Total financial income                                  7423         4290        7385         4911

Financial expenses related with affiliated companies       0            0         224            0

Interest expenses                                        638          412         735          482

Foreign exchange loss                                     13            0          18            0

Other financial expenses                                  32          732          31          740

Total financial expenses                                 683         1144        1008         1222

 

Profit from normal operations                          11429        11245       12135        12452

Profit before income tax                               11429        11245       12135        12452

Income tax                                              1587         2220        1587         2238

Net profit for the year                                 9842         9025       10548        10214

 

 

Karin Padjus

Chief Accountant

+372 67 47 403