VIISNURK

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01-31.12.99



Unaudited

in EEK                                                     1999         1998



NET SALES                                           212 570 076  201 619 366

Cost of goods sold                                 -166 466 466 -154 028 702

Gross profit                                         46 103 610   47 590 664



Marketing expenses                                  -13 052 422  -12 549 981

Administrative expenses                             -11 349 872  -10 415 032

Other revenue                                           536 620    1 152 308

Other expenses                                       -2 451 377   -2 356 879

Operating profit                                     19 786 559   23 421 080



Financial income                                      6 496 493      299 028

Financial expenses                                   -3 064 677   -5 085 588

Profit from normal operations                        23 218 375   18 634 520



Deferred income tax liability                         2 859 137     -345 963

Income tax                                                    0   -1 290 550



Net profit for the year before minority interest     26 077 512   16 998 007



Minority share                                          134 363      591 006



Net profit for the year                              26 211 875   17 589 013



Earnings per share                                         5.83         3.93

Diluted earnings per share                                 5.83         3.74





Andrus Aljas

Financial director

+372 44 78 355