FAKTO

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01.-31.03.00



Consolidated, unaudited

in thousand EEK

                                    AS Fakto             Group

                                    Q1 2000  Q1 1999  Q1 2000  Q1 1999



Revenues

Net sales                             46,103   41,847   90,981   73,480

Other revenues                           559      439      855      821

Total revenues                        46,662   42,286   91,836   74,301



Expenses

Materials, consumables, supplies      39,008   34,241   78,082   59,347

and services

Other operating expenses               1,789    1,526    4,637    3,449

Personnel expenses

Salary expenses                        3,119    2,877    5,526    5,041

Social security taxes                    891      874    1,600    1,526

Total personnel expenses               4,010    3,752    7,126    6,567

Depreciation and value adjustments       604      923    1,482    1,722

to non-current assets

Other expenses                           396      363    1,396    1,134

Total expenses                        45,806   40,805   92,724   72,219



Operating profit                         856    1,481     -888    2,083



Financial income

Financial income from subsidiaries        69      642        0        0

Foreign exchange gain                      0        1        1        4

Other interest and financial income       10       34      243      339

Total financial income                    79      676      244      343



Financial expenses

Financial expenses related             2,198    1,545       95       95

to subsidiaries

Other financial expenses                   0        0       38       35

Interest expense                         442      676    1,140    1,589

Foreign exchange loss                      0        0       21       10

Total financial expenses               2,641    2,221    1,293    1,729



Profit before income tax              -1,705      -64   -1,937      696



Income tax                                 0      199        0      572

Minority interest in subsidiary            0        0     -232      387



Net profit                            -1,705     -263   -1,705     -263





Toivo Urva

Management Board Chairman

+372 6 389 200