FAKTO

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01.-30.06.00



Consolidated, unaudited

in thousand EEK

                                                   AS Fakto         Group

                                               H1 2000 H1 1999  H1 2000 H1 1999

Revenues

Net sales                                       92,337   81,492 188,948 140,260

Other revenues                                     996      940   2,459   1,901

Total revenues                                  93,333   82,432 191,407 142,160



Expenses

Materials, consumables, supplies and services   77,401   66,133 159,885 111,927

Other operating expenses                         3,579    3,137  10,229   8,467

Personnel expenses

Salary expenses                                  6,543    6,410  11,415  10,841

Social security taxes                            1,912    1,955   3,344   3,279

Total personnel expenses                         8,455    8,366  14,759  14,119

Depreciation and value adjustments               1,201    1,850   3,013   3,484

to non-current assets

Other expenses                                     782      782   2,920   2,543

Total expenses                                  91,418   80,267 190,806 140,540



Operating profit                                 1,915    2,165     602   1,620



Financial income

Financial income from subsidiaries                 255      570       0       0

Foreign exchange gain                                0        1       5       4

Other interest and financial income                 16       49     435     742

Total financial income                             271      620     440     746



Financial expenses

Financial expenses related to subsidiaries       3,056    3,190     190     230

Other financial expenses                             0        0     150      68

Interest expense                                   931    1,204   2,398   3,012

Foreign exchange loss                                1        0      29      20

Total financial expenses                         3,988    4,394   2,767   3,330



Profit before income tax                        -1,802   -1,609  -1,725    -963



Income tax                                           0      255       0     566

Deferred income tax liability                               -51       0     -29

Minority interest in subsidiary                      0        0      77     312



Net profit                                      -1,802   -1,813  -1,802  -1,813





Toivo Urva

Management Board Chairman

+372 63 89 222