TALLINNA KAUBAMAJA AS 

INCOME STATEMENT

01.01.99 - 30.06.99

 

Consolidated/unaudited

in thousand EEK

 

 

 

REVENUES                                                            30.06.99    30.06.98    31.12.98

Net sales                                                            433 629     372 058     844 202

Other revenues                                                         7 608       7 733      11 391

Total revenues                                                       441 237     379 792     855 594

 

EXPENSES

Goods                                                                326 800     275 522     621 996

Operating expenses                                                    39 444      31 262      74 553

Personnel expneses                                                    38 916      35 149      80 980

incl:Salary-related expenses                                          29 208      26 662      61 294

social taxes                                                           9 708       8 487      19 686

Depreciation                                                          19 939      14 525      37 264

incl:depreciation and value adjustments of non-current assets         19 869      14 478      37 148

Amortisation of goodwill                                                  70          47         116

Other expenses                                                         1 146         445       1 358

Total expenses                                                       426 244     356 903     816 151

 

OPERATING PROFIT                                                      14 992      22 889      39 443

Financial revenues                                                     4 170         171         467

incl:interest income                                                     341         171         467

other financial income                                                 3 829           0           0

Financial expenses                                                    10 045       5 314      20 045

incl:financial expenses related with affiliated companies                825         828       1 465

interest expenses                                                      9 182       4 485      13 827

other financial expenses                                                  39           1       4 753

Profit before taxes                                                    9 117      17 746      19 865

Income tax for the year                                                2 754       6 807       7 952

Potential income tax                                                       0           0       2 847

NET PROFIT FOR THE YEAR                                                6 362      10 939       9 065

Minority share                                                           -25         -27         886

 

GROUP NET PROFIT (LOSS) FOR THE YEAR                                   6 388      10 966       8 180

 

 

Urmo Vallner

Member of the Management Board

+372 64 00 200