ESTONIAN TELECOM

PROFIT AND LOSS STATEMENT

01.01-30.09.99

 

EEK thous.

                                               G R O U P                              Parent Company

                                                 9 mths        9 mths       12 mths        9 mths        9 mths       12 mths

                                            to 30 Sept 99 to 30 Sept 98  to 31 Dec 98 to 30 Sept 99 to 30 Sept 98  to 31 Dec 98

Revenue

Net sales                                       2,598,218     2,247,485     2,890,488             0             0             0

Change in work-in-progress                           -782          -204          -498             0             0             0

Other revenue                                      18,709        26,313        37,836            58            66           530

Total revenue                                   2,616,145     2,273,594     2,927,826            58            66           530

 

Operating expenses

Materials, consumables, supplies                  588,053       552,004       581,132             0             0             0

and services

Other operating expenses                          262,169       236,003       347,655        22,849        27,672        39,559

Personnel expenses                                327,229       280,856       402,417         7,207         2,670         3,632

Other expenses                                     53,255        51,984        70,921         1,627         1,332         1,518

Total expenses                                  1,230,706     1,120,847     1,402,125        31,683        31,674        44,709

 

Profit from operations before depreciation      1,385,439     1,152,747     1,525,701       -31,625       -31,608       -44,179

 

Depreciation, amortisation and value              658,144       511,911       721,503           510           285           383

adjustments of current assets

Profit from operations                            727,295       640,836       804,198       -32,135       -31,893       -44,562

 

Financial income

Income from subsidiaries and                          382             0           448       505,003       265,036       332,400

associated companies

Income from other financial investments                              75            75        11,529        11,529        15,413

Foreign exchange gain                                  90         2,879         4,695             0             0             0

Other financial income                             11,901        19,820        26,408         7,604        13,566        16,679

Total financial income                             12,373        22,774        31,626       524,136       290,131       364,492

 

Financial expenses

Interest expense                                   28,316        39,085        55,710             0             0             0

Foreign exchange loss                               3,619           720           878            82             0             0

Other financial expenses                           22,774        26,298        32,394             0             0             0

Total financial expenses                           54,709        66,103        88,982            82             0             0

 

Profit before tax                                 684,959       597,507       746,842       491,919       258,238       319,930

 

Income tax expenses (-) / income (+)             -110,425       -83,920      -106,771             0        -1,757        -1,767

 

Profit after tax                                  574,534       513,587       640,071       491,919       256,481       318,163

 

Minority interest                                  82,615       257,106       321,908             0             0             0

 

Net profit for the period                         491,919       256,481       318,163       491,919       256,481       318,163