TALLINNA KAUBAMAJA AS

INCOME STATEMENT

01.01-31.03.99

 

Consolidated/unaudited

in thousand EEK

 

                                                                        GROUP

                                                                        Q1 1999       Q1 1998          1998

REVENUES

1. Net sales                                                            204 613       174 125       844 202

2. Other revenues                                                         2 651         3 609        11 391

Total revenues                                                          207 264       177 734       855 594

EXPENSES

3. Goods                                                                156 419       129 270       621 996

4. Operating expenses                                                    19 461        15 352        74 553

5. Personnel expneses                                                    19 313        17 107        80 980

   salaries                                                              14 510        12 943        61 294

   social taxes                                                           4 803         4 164        19 686

6. Depreciation                                                           9 959         6 986        37 265

   depreciation and value adjustments of non-current assets               9 924         6 974        37 148

   Amortisation of goodwill                                                  35            12           116

7. Other expenses                                                           739           167         1 358

Total expenses                                                          205 890       168 881       816 151

Commercial profit                                                         1 374         8 853        39 443

8. Financial revenues                                                     2 357           122           467

   interest income                                                          219           122           467

   other financial income                                                 2 138             0             0

9. Financial expenses                                                     5 357         2 526        20 045

   financial expenses related with affiliated companies                     475           538         1 465

   interest expenses                                                      4 864         1 988        13 827

   other financial expenses                                                  18             0         4 753

Profit before taxes                                                      -1 626         6 449        19 864

10.Income tax for the year                                                  229         3 082         7 952

11.Potential income tax                                                       0             0         2 847

 

NET PROFIT (LOSS) FOR THE YEAR                                           -1 855         3,366         9,065

 

12.Minority share in net profit/loss                                       -256          -204           886

 

GROUP NET PROFIT (LOSS) FOR THE YEAR                                     -1 599         3 571         8 180

 

 

Urmo Vallner

Member of the Management Board

+372 64 00 200