RAKVERE LIHAKOMBINAAT

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 1999



(Thousands Estonian kroons)                          1999           1998



R E V E N U E



Net sales                                         737 748        920 519

Other revenue                                      15 518         27 548

Total revenue                                     753 266        948 067



Changes in finished goods and work-in-progress        -75          6 083

Capitalised self-constructed assets                               -3 089



Materials and consumables used                    462 921        659 503

Sundry operating expenses                          79 376         80 109

Staff costs                                       114 674         132731

Depreciation                                       57 636         75 195

Other expenses                                      9 978         20 693



OPERATING   P R O F I T                            28 756        -23 158



Financial gains and losses

Loss from sale of subsidiary                         -200              0

Exchange rate gains                                 9 932          1 954

Interest and other financial income                 1 688          4 804

Interest and other financial expenses             -19 770        -25 627

Write-down of goodwill                                  0        -58 331

Total financial gains and losses                   -8 350        -77 200



Extraordinary loss                                                   -65



Profit (- loss) before taxes                       20 406       -100 423

Income tax                                             53

Minority's loss                                      -712         -4 407

Net profit                                         21 065        -96 016



Basic earnings per share (in kroons)               0,5584         -2,545





Andrit Heidov

Communication manager

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