AS PENNU COMPUTER TECHNOLOGY

INCOME STATEMENT

01.07.98-31.12.98

 

Financial year:  01.07-30.06

in thousand EEK                                        group        group          parent

                                                98/99 I half        97/98    97/98 I half

 

Net sales                                              90,963      181,430         95,757

Other revenues                                          1,273        4,290          1,809

Total revenues                                         92,236      185,720         97,566

 

Materials, consumables, supplies and services          82,424      157,765         85,604

Other operating expenses                                9,243        9,544          2,440

Personnel expenses                                                       0          2,549

  incl. salary-related expenses                         3,010        5,179          1,918

  social taxes                                            984        1,689            632

Depreciation                                                             0            385

  incl. depreciation and value adjustments on 

        non-current assets                              1,162        1,202            371

  value adjustments on current assets                     280           14             14

Other expenses                                          1,241        3,112          1,095

Total expenses                                         98,343      178,505         92,073

 

Commercial profit                                      -6,107        7,215          5,492

 

Financial income                                        1,861        3,005          3,337

  Income from subsidiaries                                               0            937

  Income from associated companies                        388          866            535

  Foreign exchange gain                                   283          100             24

  Other interest and financial income                   1,190        2,038          1,842

Financial expenses                                     14,728        3,998          1,532

  Expenses from subsidiaries                           11,299           36

  Expenses from associated companies                      510           32

  Interest expense                                      2,351        3,864          1,508

  Foreign exchange loss                                    18           61             24

  Other financial expenses                                550            6              0

 

Profit from operations                                -18,974        6,221          7,298

Profit before income tax                              -18,974        6,221          7,298

 

Income tax                                                366        1,756          1,518

Deferred income tax                                       241

 

Net profit for the period                             -19,341        4,224          5,780

 

Minority interest                                          18           14

Net profit for the group                              -19,358        4,211