AS NORMA

INCOME STATEMENT

 

CONSOLIDATED INCOME STATEMENT 1999

 

in thousands kroons                                 Group         

Parent company

                                                 1999     1998     

1999     1998

Net sales (note 15)                           516 435  482 653  453 

106  413 690

Cost of goods sold (note 16)                  296 246  277 374  243 

714  248 505

Gross profit                                  220 189  205 279  209 

392  165 186

Marketing expenses (note 17)                   20 302   20 766   20 

199   20 076

Administration and general expenses (note18)   66 956   80 148   61 

846   68 210

Provisions (note 19)                            8 668    6 268    7 

257    2 334

Other income (note 20)                         12 212   16 475   10 

076   13 877

Other expenses (note 21)                       14 895   30 524   10 

050   25 291

Operating profit                              121 580   84 047  120 

116   63 152

 

Financial income (note 22)

 a) income from subsidiary companies                0        0   15 

780   10 458

 b) income from associated companies                0    1 640        

0    1 640

 c) income from other noncurrent fin. inv.          0        1        

0        1

 d) foreign exchange gain                       5 303        0    5 

394        0

 e) other interest and similar income           4 634    3 751    4 

772    4 222

Total revenues                                  9 937    5 391   25 

946   16 321

 

Financial expenses (note 22)

 a) financial expense related to subsidiary         0        0    9 

331      350

 b) financial expense related to associated        95        0       

95        0

 c) interest expenses                           4 527    4 770    4 

454    4 766

 d) foreign exchange loss                           0   13 996        

0   10 153

 e) from other long term investments               25      954       

25      954

 f) other financial expenses                      760    3 589      

779    3 565

Total financial expenses                        5 407   23 309   14 

684   19 787

 

Profit from normal operations                 126 110   66 129  131 

378   59 686

 

Profit before taxes                           126 110   66 129  131 

378   59 686

Provision for taxes (note 24)                  18 522   18 551   23 

789   12 108

 

Net profit for the financial year             107 588   47 578  107 

588   47 578

 

Earnings per share (note 13)                       8.15     3.6

 

 

Raivo Harand

Controller

+372 65 00 482