AS ESTIKO

INCOME STATEMENT

 

GROUP INCOME STATEMENT 01.01.-31.12.1999

 

Consolidated, in thousand EEK

Scheme 1

                                                          Group                  Parent

                                              Note         1999        1998        1999        1998

REVENUE

Net sales                                    18;19      146,308     485,088      21,517      19,181

Change in work-in-process and

finished goods inventories                                2,853

Capitalized self-constructed assets                                     278

Other revenue                                    20       3,048       6,166       1,853       1,729

TOTAL REVENUE                                           152,209     491,532      23,370      20,910

 

EXPENSES

Materials, consumables, supplies and services    21      82,634     372,604       2,386           1

Operating expenses                               22      14,328      41,554       7,358       7,696

Personnel expenses

Salary related expenses                                  21,545      41,708       3,592       3,170

Social security taxes                                     7,116      13,705       1,187       1,109

Total                                            23      28,661      55,413       4,779       4,279

Depreciation

Depreciation of fixed assets                             10,856      13,041       2,539       1,863

Value adjustments to current assets                                     270                     270

Total                                                    10,856      13,311       2,539       2,133

Other expenses                                   24       1,192       2,533         249          43

TOTAL EXPENSES                                          137,671     485,415      17,311      14,152

OPERATING PROFIT                                         14,538       6,117       6,059       6,758

FINANCIAL INCOME

Financial income from subsidiaries                           18         613       8,185       6,505

Foreign exchange gain                                        33          24          16

Other interest and financial income                         277         654         944       2,021

TOTAL FINANCIAL INCOME                           25         328       1,291       9,145       8,526

 

FINANCIAL EXPENSES

Financial expenses related to

subsidiaries                                                335         117         335         117

Expenses related to subsidiaries, calculated

under equity method                                                               5,002       6,868

Interest expenses                                         8,742       8,693       2,404       2,167

Foreign exchange loss                                       187           9          15

Value adjustments to financial investments                  272                     118

TOTAL FINANCIAL EXPENSES                         26       9,536       8,819       7,874       9,152

PROFIT FROM NORMAL OPERATIONS                             5,330      -1,411       7,330       6,132

PROFIT (-LOSS) BEFORE INCOME TAX                          5,330      -1,411       7,330       6,132

Income tax                                                 -998      -2,512                    -660

NET PROFIT (-LOSS) FOR THE YEAR                           6,328       1,101       7,330       6,792

Minority interest                                        -1,002      -5,691

Parent company                                            7,330       6,792       7,330       6,792

 

Earnings per share (EEK)                         17        1.23        1.14        1.23        1.14

 

 

Mart Raik

Chairman of the Management Board

Tel. +372 74 70 724