16.04.1999, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHASE AS

INCOME STATEMENT

01.01-31.12.98

 

Consolidated, audited

 

                                                group           group          parent          parent

                                                 1998            1997            1998            1997

REVENUES

NET SALES                                  83,612,632     171,406,682      83,588,499     171,398,281

CHANGE IN INVENTORIES                      -4,164,167      11,775,460      -4,157,907      11,769,200

TOTAL OTHER REVENUES                          234,481      23,600,685         226,176      23,600,685

TOTAL REVENUES                             79,682,946     206,782,827      79,656,768     206,768,166

 

 

 

EXPENSES

RAW MATERIALS                             -42,789,655     -83,306,688     -42,736,769     -82,698,987

OPERATING EXPENSES                        -58,508,675     -41,829,901     -58,275,591     -40,152,050

PERSONNEL EXPENSES                        -22,573,456     -26,311,718     -21,864,660     -25,685,197

DEPRECIATION                               -9,383,556      -6,416,222      -9,215,043      -6,236,394

OTHER EXPENSES                            -27,078,379      -3,264,887     -27,077,492      -3,154,360

TOTAL EXPENSES                                    

 

COMMERCIAL PROFIT(-LOSS)                  -80,650,775      45,653,411     -79,512,787      48,841,178

 

INCOME/COST OF EQUITY HOLDING                 338,978       1,114,014         338,978        -123,990

OTHER FINANCIAL REVENUES                      816,233         400,346         575,143         398,385

DEPRECIATION OF GOODWILL                   -6,136,404      -2,699,604      -6,136,404      -2,699,604

OTHER FINANCIAL EXPENSES                  -10,647,933      -6,041,336   (11 537 924)       -7,447,282

TOTAL                                     -15,629,126      -7,226,580     -16,760,226      -9,872,491

 

PROFIT (-LOSS) BEFORE INCOME TAX          -96,279,901      38,426,831     -96,273,013      38,968,687

 

 

INCOME TAX                                  3,453,971     -10,763,351       3,453,971     -10,763,351

Incl. DEFERRED INCOME TAX                   3,453,971      -1,135,847       3,453,971      -1,135,847

 

PROFIT AFTER INCOME TAX                   -92,825,930      27,663,480     -92,819,042      28,205,336

 

MINORITY INTEREST                                             548,744

 

NET PROFIT FOR THE YEAR

(-LOSS)                                   -92,825,930      28,212,224     -92,819,042      28,205,336

 

EARNINGS PER SHARE                             -24.62            7,48