XXL.EE

INCOME STATEMENT



GROUP INCOME STATEMENT, H1 2000



Unaudited

in thousand EEK

                                        01.04.00-  01.10.98- 01.01.00- 01.07.98-

                                         30.06.00   31.12.98  30.06.00  31.12.98



Net sales                                   1,585     50,512     5,179    90,963

Other revenue                                 152        916       338     1,273

Total revenue                               1,737     51,428     5,517    92,236



Materials, consumables,

supplies and services                         426     48,093     2,938    82,424

Other operating expenses                      995      6,825     2,333     9,243

Personnel expenses

incl. wages and salaries                      557      1,637     1,100     3,010

social security taxes                         183        533       348       984

Depreciation

incl. depreciation and

value adjustments to non-current assets       104        274       204     1,162

value adjustments of current assets                      118                 280

Other expenses                                127      1,033       878     1,241

Total expenses                              2,392     58,513     7,801    98,343



OPERATING PROFIT                             -655     -7,085    -2,284    -6,107



Financial income                                9        640        88     1,861

incl.Income from subsidiaries

Income from associated companies                         290                 388

Foreign exchange gain                                    283        67       283

Other interest and financial income             9         66        21     1,190

Financial expenses                            959     13,023     1,791    14,728

incl. financial expenses

related to subsidiaries                               11,299              11,299

financial expenses related

to associated companies                       196        505       196       510

Interest expense                              387        653       984     2,351

Foreign exchange loss                          94         18       315        18

Other financial expenses                      125         91       156        94

Value adjustments to financial investments    170        456       140       456



PROFIT FROM NORMAL ACTIVITIES              -1,618    -19,468    -3,987   -18,974

Profit before income tax                   -1,618    -19,467    -3,987   -18,974



Income tax                                                48                 366

Deferred income tax liability



Net profit for the period                  -1,618    -19,516    -3,987   -19,341



Minority interest

NET PROFIT FOR THE GROUP                   -1,605    -19,516    -3,987   -19,341





Arho Anttila arho@xxl.ee

Chief Executive

+372 6 507 500