2001.11.30, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHAS

INCOME STATEMENT



INCOME STATEMENT, 9M 2001



Unaudited

in thousand EEK                          Q3 2001  Q3 2000  9m 2001  9m 2000



REVENUE



NET SALES                                 16,816   19,914   56,821   66,092

CHANGE IN WORK-IN-PROGRESS AND

FINISHED GOODS INVENTORIES                -1,198   -2,469    4,471    4,080

OTHER OPERATING INCOME                       869    3,297    5,739    7,676

TOTAL REVENUE                             16,488   20,743   67,031   77,848



EXPENSES



MATERIALS, CONSUMABLES AND SUPPLIES       -6,515   -6,917  -29,999  -35,555

OTHER OPERATING EXPENSES                  -1,751   -2,887   -5,441  -10,222

PERSONNEL EXPENSES

   WAGES & SALARIES                       -2,824   -3,020   -9,754   -9,276

   SOCIAL TAXES                              967   -1,024   -3,340   -3,180

DEPRECIATION                              -1,315   -1,323   -3,996   -4,010



OTHER EXPENSES                            -2,436      639   -5,456   -3,527



TOTAL EXPENSES                           -15,810  -15,811  -57,986  -65,769



OPERATING PROFIT (-LOSS)                     679    4,932    9,044   12,079



FINANCIAL INCOME                              14       11       35       52

FINANCIAL EXPENSES                        -1,496   -1,663   -4,616   -5,055



NET PROFIT (LOSS)                           -803    3,280    4,463    7,076



EARNINGS (LOSS) PER SHARE                  -0.64     2.62     3.57     5.66





Raivo Unt

CFO

+372 612 0201