AS ESTIKO

INCOME STATEMENT

31.12.98

 

Consolidated, unaudited

In thousand EEK

 

		                                                          1998       1997

REVENUES

Net sales			                                       485 088    292 034

Change in inventories                                                      642      2 882

Capitalised expenditures on non-current assets                             278      1 160

Other revenues                                                           6 166      2 126

Total revenues                                                         492 174    298 202

 

EXPENSES

Raw materials, goods and services                                      373 246    214 125

Operating expenses                                                      41 554     21 708

Personnel expenses

  TOTAL                                                                 55 413     38 931

Depreciation 

  Depreciation of non-current assets                                    13 041      7 513

  Value adjustments of current assets                                      270

  TOTAL                                                                 13 311      7 513

Other expenses                                                           2 533      1 249

Total expenses                                                         486 057    283 526

COMMERCIAL PROFIT (-LOSS)                                                6 117     14 676

 

FINANCIAL REVENUES

  Income from subsidiaries                                                 613

  Profit from exchange differences                                          24

  Other interest and financial revenues                                    654        518

Total financial revenues                                                 1 291        518

 

FINANCIAL EXPENSES

  Financial expenses related to subsidiaries                               117

  Interest expenses                                                      8 693      3 863

  Loss from exchange differences                                             9         23

Total financial expenses                                                 8 819      3 886

 

OPERATING PROFIT                                                        -1 411     11 308

PROFIT (-LOSS) BEFORE INCOME TAX                                        -1 411     11 308

INCOME TAX                                                              -2 512      3 214

 

PROFIT (-LOSS) FOR THE YEAR                                              1 101      8 094

 

Minority interest                                                       -5 691       -277

Parent company's share                                                   6 792      8 371