XXL.EE

COMMENTARY TO FINANCIAL RESULTS



COMMENTARY TO CONSOLIDATED RESULTS, Q1 2000



AS XXL.EE consolidated unaudited net sales amounted in Q1 2000 EEK 

3.6 million, and net loss was EEK 2.3 million. Parent company's 

operating profit was EEK 0.6 million, including EEK 0.2 million loss 

from main activity fields. Compared to the previous quarter, the 

company's income from digital media services has grown four times. 

On 31.03.2000 AS XXL.EE consolidated and unaudited balance sheet size 

was EEK 25.7 million, which is EEK 6.4 million less than the 

consolidated balance sheet size on 31.12.99.

Accounts receivable decreased by EEK 2.4 million, down to EEK 4.4 

million. Other receivables decreased by EEK 4.2 million, to EEK 7.6 

million. Volume of prepaid expenses dropped by EEK 1.1 million, and 

total current assets declined by EEK 7 million. Total non-current 

assets grew by EEK 0.7 million.

Total debt liabilities decreased by EEK 1.3 million. Total current 

liabilities increased by EEK 1 million. Balance sheet size dropped by 

EEK 6.4 million.





Arho Anttila arho@xxl.ee

Chief Executive

+372 65 07 500