AS PENNU COMPUTER TECHNOLOGY GROUP

INCOME STATEMENT

01.07.-30.09.98

 

Unconsolidated, unaudited

In thousand EEK

 

                                          III quarter 1998  III quarter 1997

REVENUES

Net sales		                        31,899,596   36,621,066

Other revenues                                     263,835      566,349

Total revenues                                  32,163,431   37,187,415

 

EXPENSES

Raw materials, goods and services	        30,065,650   32,847,988

Operating expenses	                         1,305,096      956,488

Personnel expenses

 a) salary expenses                                633,097      761,949

 b) social taxes                                   208,923      250,847

Depreciation	

 a) Depreciation of non-current assets             211,932      170,583

 b) Value adjustments of current assets            161,398

Other expenses                                     232,260      406,119

Total expenses                                  32,818,356   35,393,974

 

OPERATING PROFIT                                  -654,925    1,793,441

 

FINANCIAL REVENUES

 a) income from affiliated enterprises             337,187      472,115

 b) income from subsidiaries		            97,462      478,982

 c) profit from the exchange differences                         14,071

 d) Other interest and financial income          1,657,983      898,339

Total financial revenues                         2,092,632    1,863,507

 

FINANCIAL EXPENSES

 a) financial expenses related to affiliated 

    enterprises

 b) financial expenses related to subsidiaries       5,035

 a) interest expenses                              765,769      648,226

 b) loss from the exchange differences                            3,028

 c) other financial expenses                             7           63

Total financial expenses                           770,811      651,317

 

PROFIT FROM NORMAL OPERATIONS                      666,896    3,005,631

PROFIT BEFORE INCOME TAX                           666,896    3,005,631

 

INCOME TAX                                          61,693      534,179

Deferred income tax

PROFIT AFTER INCOME TAX                            605,203    2,471,452