TALLINNA KAUBAMAJA

INCOME STATEMENT



CONSOLIDATED UNAUDITED INCOME STATEMENT 01.01.-30.09.00



Unaudited

in thousand EEK

                                         9m 2000  9m 1999  Q3 2000  Q3 1999



REVENUE

Net sales                                774,220  663,836  279,712  230,207

Other revenue                             12,761   11,255    4,482    3,648

Total revenue                            786,981  675,092  284,194  233,855

EXPENSES

Goods                                   -567,818 -497,085 -205,783 -170,285

Other operating expenses                 -74,015  -57,514  -26,802  -18,069

Personnel expneses                       -76,211  -59,406  -28,446  -20,490

wages and salaries                       -57,236  -44,616  -21,360  -15,409

social security taxes                    -18,975  -14,790   -7,087   -5,081

Depreciation                             -33,141  -29,723   -9,883   -9,785

depreciation and value

adjustments to non-current assets        -33,036  -29,619   -9,848   -9,750

Amortisation of goodwill                    -105     -105      -35      -35

Other expenses                            -1,668   -1,298     -718     -152

Total expenses                          -752,853 -645,025 -271,633 -218,781

OPERATING PROFIT                          34,128   30,067   12,561   15,075

Financial income                           2,318    2,461      223        2

interest income                              713      343      223        2

financial income related with option       1,602    2,118        0        0

other financial income                         3

Financial expenses                       -10,190  -13,849   -3,666   -5,514

financial expenses related

with associated companies                   -596   -1,150     -261     -325

interest expenses                         -9,395  -12,599   -3,271   -3,417

other financial expenses                    -199     -100     -133   -1,772

Profit before taxes                       26,256   18,679    9,118    9,563

Income tax for the year                        0   -5,632        0   -2,878

NET PROFIT FOR THE YEAR                   26,256   13,047    9,118    6,685

Minority share                              -715     -285     -179     -311

GROUP NET PROFIT (LOSS) FOR THE YEAR      25,541   12,762    8,939    6,374



Basic earnings per share                    3.76     1.88     1.32     0.94

Diluted earnings per share                  3.76     1.88     1.32     0.94





Urmo Vallner

Manangement Board member

+372 64 00 200