EESTI TELEKOM

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9M 2001



AS EESTI TELEKOM AND SUBSIDIARY COMPANIES

INCOME STATEMENTS

In thousands of Estonian kroons (EEK)



                           9 mths to 9 mths to  12 mths to

                          30 Sept 01 30 Sept 00     31 Dec

                                    (restated)       2000

                                                (restated)

Revenues                                         

Net sales                  3,078,638 2,920,283 3,930,154

Change in work-in-             4,352      -353      -492

progress

Capitalised self-             45,039         0         0

constructed assets

Other revenues                71,181    30,910    43,829

Total revenues             3,199,210 2,950,840 3,973,491

                                                        

Operating expenses                                      

Materials, consumables,      941,250   678,138   925,884

supplies and services

Other operating expenses     350,662   291,402   427,007

Personnel expenses           372,970   338,408   484,494

Other expenses                33,011    42,985    58,062

Total expenses             1,697,893 1,350,933 1,895,447

                                                        

Profits from operations    1,501,317 1,599,907 2,078,044

before depreciation

                                                        

Depreciation and             780,607   714,828   969,305

amortisation

                                                        

Profits from operations      720,710   885,079 1,108,739

                                                        

Income/ expenses from         28,854      -140      -310

associated companies

(net)

Other net financing items     -5,243    -9,119   -11,854

                                                        

Profis before tax            744,321   875,820 1,096,575

                                                        

Income tax on dividends       30,932       112    54,349

                                                        

Profits after tax            713,389   875,708 1,042,226

                                                        

Minority interest                557     4,646     5,615

                                                        

Net profits from ordinary    712,832   871,062 1,036,611

activities

                                                        

Extraordinary income               0         0    85,197

                                                        

Net profits for the          712,832   871,062 1,121,808

period

                                                         

Earnings per share                                       

Basic earnings per share        5,19      6.34      8.17

(in kroons)

Diluted earnings per            5,19      6.34      8.17

share (in kroons)





Kadri Lensment

Management Assistant

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