2001.02.28, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHAS

INCOME STATEMENT



INCOME STATEMENT 01.01.00 - 31.12.00



Consolidated

Audited

in thousand EEK

                                     Q4 2000   Q4 1999     2000    1999

REVENUE



NET SALES                             35,117    26,762  102,172   74,796

CHANGE IN WORK-IN-PROGRESS AND

FINISHED GOODS INVENTORIES            -5,156     2,810   -1,076   -2,919

OTHER OPERATING INCOME                 1,789     2,641    8,502    7,104

TOTAL REVENUE                         31,751    32,213  109,599   78,981



EXPENSES

MATERIALS                            -12,220   -13,234  -47,775  -33,306

OTHER OPERATING EXPENSES              -4,650    -5,155  -14,874   -9,254

PERSONNEL EXPENSES

   WAGES & SALARIES                   -3,563    -2,967  -12,839  -12,263

   SOCIAL TAXES                       -1,218    -1,001   -4,397   -4,121

DEPRECIATION                          -1,315    -1,305   -5,325   -5,807

OTHER EXPENSES                        -3,593    -1,462   -7,120   -5,372

TOTAL EXPENSES                       -26,559   -25,124  -92,330  -70,123



OPERATING PROFIT (-LOSS)               5,192     7,089   17,269    8,858



FINANCIAL INCOME                          11        -2       63    3,751

FINANCIAL EXPENSES                    -1,690    -1,194   -6,745   -6,827



NET PROFIT (LOSS)                      3,513     5,893   10,587    5,782



EARNINGS (LOSS) PER SHARE               2.81      4.71     8.47     4.62





Raivo Unt

Financial Director

+372 61 20 201