AS PENNU COMPUTER TECHNOLOGY GROUP

INCOME STATEMENT

01.07-31.03.99

 

Financial year:  01.07-30.06

unconsolidated, unaudited

in thousand EEK                            

							   parent           parent              parent

                                                    1998/99 9 months       1997/98      1997/98 9 months

 

Net sales 		                                    90,827         169,539             140,192

Other revenue                                                1,415           4,370               3,029

Total revenue                                               92,243         173,909             143,221

 

Materials, consumables, supplies and services               89,971         153,771             124,953

Other operating expenses                                     8,361           6,545               4,044

Personnel expenses                                           2,897           5,156               4,113

  incl. salary-related expenses                              2,176           3,877               3,093

  social security taxes                                        721           1,279               1,020

Depreciation                                                   953             734                 566

  incl. depreciation and value adjustments on                  610             720                 552

  non-current assets  

  value adjustments on current assets                          343              14                  14

Other expenses                                               1,697           3,572               2,205

Total expenses                                             103,879         169,778             135,879

 

Gross profit                                               -11,637           4,131               7,342

 

Financial income                                             4,170           5,427               4,124

  Income from subsidiaries                                   1,133              71               1,085

  Income from associated companies                             141             866                 644

  Foreign exchange gain                                        261             100                  24

  Other interest and financial income                        2,635           4,389               2,372

Financial expenses                                          26,497           3,623               2,291

  Expenses from subsidiaries                                15,170             252

  Expenses from associated companies                           510              44

  Interest expense                                           2,078           3,261               2,267

  Foreign exchange loss                                        283              61                  24

  Value adjustments on financial investments                 8,456

  Other financial expenses                                       0               6                   0

 

Operating profit                                           -33,964           5,934               9,176

Profit before income tax                                   -33,964           5,934               9,176

 

Income tax                                                                   1,422               1,942

Deferred income tax                                                            231

 

Net profit for the period                                  -33,964           4,282               7,234