EESTI TELEKOM

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q2 2001



Audited

In thousands of kroons (EEK)

                  

                  Note   6 mths to  6 mths to  12 mths to

                        30 June 01 30 June 00 31 Dec 2000

                                    (restated) (restated)

Revenue                                          

Net sales                 2,031,444  1,921,074  3,930,154

Change in work-in-            3,750        -38       -492

progress

Capitalised self-            17,657          0          0

constructed assets

Other revenue         7      63,971     25,838     43,829

Total revenue             2,116,822  1,946,874  3,973,491

                                                         

Operating expenses                                       

Materials,                  597,970    448,463    925,884

consumables,

supplies and

services

Other operating             221,238    200,870    427,007

expenses

Personnel expenses          258,331    228,129    484,494

Other expenses               23,298     38,242     58,062

Total expenses            1,100,837    915,704  1,895,447

                                                         

Profit from               1,015,985  1,031,170  2,078,044

operations before

depreciation

                                                         

Depreciation and            521,066    476,149    969,305

amortisation

                                                         

Profit from                 494,919    555,021  1,108,739

operations

                                                         

Income/ -expenses            32,684       -174       -310

from associated

companies (net)

Other net                     3,335    -10,350    -11,854

financing items

                                                         

Profit before tax           530,938    544,497  1,096,575

                                                         

Income tax on         1      30,932         73     54,349

dividends

                                                         

Profit after tax            500,006    544,424  1,042,226

                                                         

Minority interest               557      3,170      5,615

                                                         

Net profit from             499,449    541,254  1,036,611

ordinary

activities

                                                         

Extraordinary                     0          0     85,197

items

                                                         

Net profit for the          499,449    541,254  1,121,808

period

                                                           

Earnings per share                                         

Basic earnings per   6d        3.64       3.94       8.17

share (in kroons)

Diluted earnings               3.64       3.94       8.17

per share (in

kroons)





Hille Võrk

Financial manager

6 272 460