TALLINNA KÜLMHOONE

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01.-30.11.99



Consolidated, unaudited

in thousand EEK



                                    1999     1998     1998

                               11 months 12 months 11 months



Net sales                         419094   335140   307940

Change in inventories               5563     -570      415

Other revenue                        627      698      990

TOTAL REVENUE                     425284   335628   309345



Materials, consumables and supp   328699   259709   237343

Personnel expenses                 34072    31816    28855

Operating expenses                 20316    17159    17423

Depreciation                        9512     6997     5352

Other expenses                      1324     1332      525

TOTAL EXPENSES                    393923   317013   289498

OPERATING PROFIT                   31361    18255    19847



FINANCIAL INCOME                      46      120       82

FINANCIAL EXPENSES                  6265     5164     4038

MINORITY INTEREST                   -174      -81      -64

PROFIT BEFORE INCOME TAX           24967    13130    15827

INCOME TAX                          6491     3784

NET PROFIT                         18476     9346    15827





Evald Karu

Financial Director

+372 22 13 369