AS  EESTI TELEKOM

INCOME STATEMENT

01.01-31.12.98

 

IAS

 

EEK thous.

 

 

                                            G R O U P                       AS EESTI TELEKOM

 

                                                 1998         1997         1998         1997

Revenue

Net sales                                   2,890,488    2,057,844           -            -

Change in work-in-progress                       -498        2,250           -            -

Other revenue                                  37,836       45,690          530           63

Total revenue                               2,927,826    2,105,784          530           63

 

Operating expenses

Materials, consumables, supplies and services 581,132      323,989           -            -

Other operating expenses                      347,655      273,958       39,559        3,373

Personnel expenses                            402,417      331,330        3,632        2,412

Other expenses                                 70,921       67,388        1,518        3,202

Total expenses                              1,402,125      996,665       44,709        8,987

 

Profit from operations before depreciation  1,525,701    1,109,119      -44,179       -8,924

 

Depreciation, amortisation and value 

adjustments				      721,503      482,628          383          350

 

Profit from operations                        804,198      626,491      -44,562       -9,274

 

Financial income

Income from subsidiaries and associated companies 448           -       332,400      213,272

Income from other financial investments            75           50       15,413       15,449

Foreign exchange gain                           4,695          907            0          274

Other financial income                         26,408       10,762       16,679        6,656

Total financial income                         31,626       11,719      364,492      235,651

 

Financial expenses

Expenses from subsidiaries and associated companies -           60           -            60

Interest expense                               55,710       48,013           -            -

Foreign exchange loss                             878        1,094           -            -

Other financial expenses                       32,394       12,124           -           182

Total financial expenses                       88,982       61,291           -           242

 

Profit before tax                             746,842      576,919      319,930      226,135

 

Income tax expenses(-) / income(+)           -106,771     -148,999       -1,767       -3,003

 

Profit after tax                              640,071      427,920      318,163      223,132

 

Minority interest                             321,908      204,788

 

Net profit for the period                     318,163      223,132      318,163      223,132