BALTIKA

INCOME STATEMENT

 

CONSOLIDATED AUDITED INCOME STATEMENT 1999

 

Consolidated, audited

in thousand EEK

                                                  1999        1998

REVENUE

Net sales                                      288,926     280,330

Other revenue                                    6,900         431

Total revenue                                  295,826     280,761

 

EXPENSES

Incl. materials, consumables,                 -108,829    -135,674

supplies and services

Change in inventories                          -16,770      14,358

Self-constructed assets                              0         396

Operating expenses                             -47,365     -53,872

 

Personnel expenses                            -101,951     -84,351

Salary expense                                 -76,655     -63,474

Social security taxes                          -25,296     -20,877

Depreciation                                   -10,682      -8,765

Other expenses                                  -2,768      -3,659

Total expenses                                -288,365    -271,567

 

OPERATING PROFIT                                 7,461       9,194

 

FINANCIAL INCOME                                   782       1,289

Financial income from sale of investments            0       1,068

Other interest and financial income                782         221

 

FINANCIAL EXPENSES                              -6,932      -7,490

Financial expenses related                           0      -1,238

with marketable securities

Interest expenses                               -6,050      -5,592

Foreign exchange loss                             -661        -141

Other financial expenses                          -221        -519

 

PROFIT FROM NORMAL OPERATIONS                    1,311       2,993

INCOME TAX                                        -233        -938

DEFERRED INCOME TAX                                734        -670

NET PROFIT FOR THE YEAR                          1,812       1,385

minority interest                                 -619         560

GROUP NET PROFIT                                 1,193       1,945

 

 

Earnings per share (kr.)                          0.25        0.41

 

Ülle Järv

Member of the Management Board

+372 63 02 741