HARJU ELEKTER

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 2000



Consolidated/unaudited

in thousand EEK                                    Group          Parent

                                                 2000    1999    2000    1999



NET SALES                                     205,641 158,396 169,087 137,727

Cost of goods sold                            166,743 126,735 137,709 109,982



Gross profit                                   38,898  31,660  31,378  27,745



Marketing expenses                              7,777   6,684   6,327   5,477

Operating expenses                             13,524  11,630  11,173  10,400



Other revenue                                     318     776     167     770

Other expenses                                    884     747     635     676



Operating profit                               17,031  13,375  13,410  11,960



Financial income

Financial income from subsidiaries                  0   2,587   2,884   4,162

Financial income from associated companies      8,291   2,744   8,291   2,744

Financial income from other holdings            5,494   4,493   5,528   4,565

Foreign exchange gain                               4     104       1      99

Other interest and financial income               677     907     798     900

Total financial income                         14,467  10,834  17,502  12,470

Financial expenses

Financial expenses related

with associated companies                           0   2,573       0   2,573

Interest expense                                2,165   1,588   1,643   1,416

Other financial expenses                          157     101      92      89

Total financial expenses                        2,322   4,262   1,736   4,079



Profit from normal operations                  29,176  19,947  29,176  20,351



Corporate income tax                                0  -2,148       0  -1,744



Net profit for the year                        29,176  22,095  29,176  22,095







Karin Padjus

Chief Accountant

+372 67 47 403





Lembit Libe

Chief Economist

+372 67 47 412