BALTIKA

INCOME STATEMENT



AUDITED CONSOLIDATED INCOME STATEMENT, 2000



Consolidated, audited

thousand EEK



                                        2000     1999

REVENUE

Net sales                            340,756  288,926

Other revenue                          3,176    6,900

TOTAL REVENUE                        343,932  295,826



EXPENSES

Materials, consumables,

supplies and services               -142,559 -108,829

Change in inventories                  2,097  -16,770

Operating expenses                   -62,074  -47,366

Personnel expenses                  -108,746 -101,951

Depreciation                         -12,167  -10,682

Other expenses                        -1,225   -2,768

TOTAL EXPENSES                      -324,674 -288,366



OPERATING PROFIT                      19,258    7,460

FINANCIAL INCOME                       2,458      782

FINANCIAL EXPENSES                    -5,217   -6,931

PROFIT BEFORE TAXES                   16,499    1,311

Declared income tax                        0      233

DEFERRED INCOME TAX LIABILITY              0     -734

PROFIT BEFORE MINORITY INTEREST       16,499    1,812

Minority interest                      2,238      619

Group net profit                      14,261    1,193





Earnings per share (kr.)                2.97     0.25





Ülle Järv

Management Board member

+372 63 02 741