ESTIKO

INCOME STATEMENT



AUDITED, CONSOLIDATED INCOME STATEMENT, 2000



audited

in EEK thousand

scheme 2

                                             2000     1999



Net sales                                 168,079  146,308

Cost of goods sold                        132,589  115,503



Gross profit (loss)                        35,490   30,805



Marketing expenses                          6,241    4,747

Administrative expenses                    12,828   13,376

Other revenues                              2,006    3,048

Other expenses                              1,253    1,192



OPERATING PROFIT                           17,174   14,538



FINANCIAL INCOME

Financial income from subsidiaries              0       18

Foreign exchange gain                           5       33

Other interest and financial income            84      277



TOTAL FINANCIAL INCOME                         89      328



FINANCIAL EXPENSES



Financial expenses related

with subsidiaries                               0      335

Interest expenses                           7,359    8,742

Foreign exchange loss                         291      187

Other financial expenses                      116        0

TOTAL FINANCIAL EXPENSES                    7,766    9,536



NET PROFIT (-LOSS) FOR THE PERIOD           9,497    5,330



NET PROFIT (-LOSS) FOR THE YEAR             9,497    6,328

Minority interest                               0   -1,002

Parent company                              9,497    7,330





Basic earnings per share (EEK)               1.61     1.23



Diluted earnings per share (EEK)             1.61     1.23





Ellen Tohvri

Management Board chairman

+372 737 1000