AS FAKTO

INCOME STATEMENT

01.01.99-30.09.99

 

Consolidated, unaudited

in thousand EEK

 

                                                        9 months 1999  9 months 1998  Change   1998

Revenues

Net sales                                                    217 761      281 081     -22.5% 355 294

Other revenues                                                 3 473        2 623      32.4%   4 278

Total revenues                                               221 234      283 704     -22.0% 359 572

 

Expenses

Raw materials,goods, and services                            172 469      229 004     -24.7% 288 837

Other operating expenses                                      13 419       12 763       5.1%  18 527

Personnel expenses

Salary expenses                                               16 224       16 402      -1.1%  20 887

Social security taxes                                          4 904        4 929      -0.5%   6 757

Total personnel expenses                                      21 128       21 331      -1.0%  27 644

Depreciation and value adjustments on non-current assets       5 216        5 422      -3.8%   5 919

Other expenses                                                 4 835        4 074      18.7%   5 128

Total expenses                                               217 068      272 594     -20.4% 346 055

 

Operating profit                                               4 167       11 111     -62.5%  13 517

 

Financial income

Foreign exchange gain                                              5           50     -89.3%      55

Other interest and financial income                            1 031          100     935.6%     539

Total financial income                                         1 036          150     590.8%     594

 

Financial expenses

Financial expenses related to subsidiaries                       325          285      14.0%     380

Other financial expenses                                         136          125       8.5%     190

Interest expenses                                              4 255        2 208      92.7%   4 505

Foreign exchange loss                                             38           81     -53.1%      92

Total financial expenses                                       4 754        2 700      76.1%   5 167

 

Profit before income tax                                         449        8 561     -94.8%   8 944

 

Income tax                                                     1 077        2 598     -58.6%   2 474

Deferred income tax liability                                    -21          193    -111.0%    -214

Minority interest in subsidiary                                  450        1 433     -68.6%   1 394

 

Net profit                                                    -1 057        4 338    -124.4%   5 290

 

 

Toivo Urva

Chairman of the Management Board

+372 63 89 222