AS ESTIKO

INCOME STATEMENT

01.01-31.12.98

 

Consolidated / audited

in thousand EEK

 

INCOME STATEMENT                                                       1998          1997

Revenues

Net sales                                                           485 088       292 034

Capitalized expenditures                                                278        1 160

Other revenues                                                        6 166         2 126

Total revenues                                                      491 532       295 320

 

Expenses

Materials, consumables, supplies and services                       372 604       211 243

Other operating expenses                                             41 554        21 708

Personnel expenses                                                   55 413        38 931

Depreciation

   depreciation and value adjustments non-current assets             13 041         7 513

   value adjustments on current assets                                  270

   Total                                                             13 311         7 513

Other expenses                                                        2 533         1 249

Total expenses                                                      485 415       280 644

Commercial profit                                                     6 117        14 676

Financial income

   Income from subsidiaries                                             613             0

   Foreign exchange gain                                                 24             0

   Other interest and financial income                                  654           518

Other financial income                                                1 291           518

 

Financial expenses

   Expenses from subsidiaries                                           117             0

   Interest expense                                                   8 693         3 863

   Foreign exchange loss                                                  9            23

Total financial expenses                                              8 819         3 886

Profit from operations                                               -1 411        11 308

Profit before income tax                                             -1 411        11 308

Income tax                                                           -2 512         3 214

Net profit for the period                                             1 101         8 094

Minority interest                                                    -5 691          -277

Share of parent company                                               6 792         8 371

 

Earnings per share (EEK)                                               1,14          1,46

 

 

 

Jaanus Salum

Chairman of the Management Board

tel +372 747 3649