MERKO EHITUS

INCOME STATEMENT

01.01.98-30.09.98

 

consolidated, in thousand EEK

unaudited

 

 

                                              	1998   	     1997       1997

                                               9 months                9 months

 

Net sales		                       577 574      526 495     355 032

Change in work-in-progress and finished

goods inventories                               -9 034       10 998         264

Capitalized self-constructed assets             51 293

Other revenue                                    3 897        8 962       2 324

                          TOTAL REVENUE        623 730      546 455     357 620

Materials, consumables and supplies            465 156      403 433     267 025

Other operating expenses                        65 824       61 796      42 280

Personnel expenses                              46 438       39 102      26 561

          incl. wages and salaries              34 923       29 395      19 971

               social security and other cost   11 515        9 707       6 590

Depreciation of non-current assets, amortization

and value adjustments                            3 984        3 385       2 150

Other expenses                                   2 896        1 125         831

                          TOTAL EXPENSES       584 298      508 841     338 847

OPERATING PROFIT                                39 432       37 614      18 773

Income from 

affiliated enterprises                             127          333

Income from 

associated enterprises                           2 021           53         303

Income from 

other noncurrent financial investments             922                      334

Foreign exchange gain	                            52           22           

Other interest and similar income                5 289        3 139       1 617

                      TOTAL FINANCIAL INCOME     8 411        3 547       2 255

Financial expenses related to 

affiliated enterprises                             157

Financial expenses related to

associated enterprises                             412          443

Interest expense                                   512          400         352

Foreign exchange loss	                           623

Other financial expenses                         6 988        5 329          63

                      TOTAL FINANCIAL EXPENSES   8 692        6 172         415

PROFIT FROM NORMAL OPERATIONS                   39 151       34 989      20 613

Extraordinary expenses                                           30          30

 

Profit before taxes	                        39 151       34 959      20 583

Income tax                                      10 882        7 573       4 327

Deferred income tax                                  8        1 312

NET PROFIT FOR THE FINANCIAL YEAR               28 261       26 074      16 256

incl. minority interest                           -407           99

     NET PROFIT OF THE AFFILIATED GROUP         28 668       25 975      16 256

 

 

 

 

 

INCOME STATEMENT TO OPERATING PROFIT                       SCHEME 2

                                              	1998   	     1997     

                                               9 months   

 

Net sales		                       577 574      526 495

Cost of goods sold	                       513 418      478 349

GROSS PROFIT                                    64 156       48 146

Marketing expenses                               4 268        2 233

Administration and general expenses             21 608       16 401

Other revenue                                    3 897        8 962

Other expenses                                   2 745          860

OPERATING PROFIT                                39 432       37 614