TALLINNA KÜLMHOONE

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT 01.01-30.06.2000



Consolidated, unaudited

in thousand EEK

                                              Q2       Q2       H1       H1

                                             2000     1999     2000     1999

REVENUE

Net sales                                 130,057  120,356  228,516  210,951

Change in inventories                      -2,403   -2,050    2,994    3,444

Other revenue                                 203       85      401      265

TOTAL REVENUE                             127,857  118,391  231,911  214,660

EXPENSES

Materials, consumables and supplies        97,069   89,534  182,685  168,371

Operating expenses                          8,197    5,590   13,416    9,715

Personnel expenses                         10,323    9,536   19,860   17,940

Salary expenses                             7,762    7,155   14,929   13,464

Social security taxes                       2,561    2,381    4,931    4,476

Depreciation                                3,655    2,230    6,997    4,085

Other expenses                                523      450      957      724

TOTAL EXPENSES                            119,767  107,340  223,915  200,835

OPERATING PROFIT                            8,090   11,051    7,996   13,825

FINANCIAL INCOME

Other interest and financial income             9       12       34       24

TOTAL                                           9       12       34       24

FINANCIAL EXPENSES

Interest expenses                           1,231    2,176    2,250    3,891

TOTAL                                       1,231    2,176    2,250    3,891

PROFIT/LOSS FROM NORMAL ACTIVITIES          6,868    8,887    5,780    9,958

INCOME TAX                                           2,292        0    2,567

MINORITY INTEREST                              28       72       47       85

NET PROFIT                                  6,840    6,523    5,733    7,305



EARNINGS PER SHARE (EEK)                    2.019    1.926    1.692    2.157





Evald Karu

Management Board member

+372 6 057 800