SAKU ÕLLETEHAS

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT OF 2000



consolidated, audited

in kroons

                                 Group        Group,     Parent      Parent

                                           adjusted*    Company     Company,

                                                                   adjusted*

                                  2000         1999        2000        1999

Operating Income                                                          

                                                                          

Net sales                  729,618,841  715,039,786 729,618,841 720,693,760

                                   

Change in finished goods     2,681,486    1,480,839   2,681,486   1,861,471

and work-in-progress



Other operating income       6,244,932      613,629   6,221,500     580,739

                                                                         

Total operating income     738,545,259  717,134,254 738,521,827 723,135,970

                                      

                                                                          

Operating expenses                                                        

                                                                          

Goods, raw materials,      457,909,309  450,514,539 457,909,309 456,818,877

services                            



Miscellaneous operating    115,705,926  112,845,400 115,682,101 112,647,157

expenses                                     



Labour expenses             47,706,332   42,656,873  47,706,332  42,542,170



Depreciation                39,091,083   30,852,523  39,091,083  30,852,523



Other operating expenses     4,188,981    4,236,038   4,188,981   4,236,010

                                                                          

Total operating expenses   664,601,631  641,105,373 664,577,806 647,096,737

                                      

                                                                          

OPERATING PROFIT            73,943,628   76,028,881  73,944,021  76,039,233

                                                                          

Financial income               991,507    2,690,442     991,110   2,680,080



Financial expenses             725,300    2,741,946     725,296   2,856,170

                                                                          

                                                                          

PROFIT BEFORE TAXES         74,209,835   75,977,377  74,209,835  75,863,143

                                                                          

Income tax                     254,800** 15,019,840     254,800**15,019,830



NET PROFIT                  73,955,035   60,957,537  73,955,035  60,843,313



Basic earnings 

per share                       9.24       7.62        9.24         7.61



Diluted earnings 

per share                       9.24       7.62        9.24         7.61





*Adjustment of the data reflects the changes in accounting policies 

after reclassification of some of the operating lease agreements as 

finance lease agreements.



**  In connection with additional information that became known on the 

1998 taxation period  other operating expenses for 2000  were reduced 

by one million kroons and additional income tax of 254,800 kroons was 

paid for 1998 which, reduced the net profit for 2000.





Ruth Roht

Public Relations Manager

+372 6 508 303