EESTI TELEKOM

INCOME STATEMENT



EMT, UNAUDITED INCOME STATEMENT OF 2000



EMT AND SUBSIDIARY COMPANIES

INCOME STATEMENT (Unaudited)



Financial statements are prepared in thousands of kroons



                                    2000       1999

                                                    

Revenue                                   

Net sales                      1,786,122  1,599,812

Other revenue                     29,271     14,952

Total revenue                  1,815,393  1,614,764

                                                   

Operating expenses                                 

Materials, consumables,          670,432    590,903

supplies and services

Other operating expenses          99,964     89,059

Personnel expenses                73,212     66,809

Other expenses                    25,893     44,721

Total expenses                   869,501    791,492

                                                   

Profit from operations before    945,892    823,272

depreciation

                                                   

Depreciation and  amortisation   276,949    227,892

                                                   

Profit from operations           668,943    595,380

                                                   

Income/ -expenses from               125          0

subsidiaries and associated

companies

Other net financing items         11,651      4,094

                                                   

Profit before tax                680,719    599,474

                                                   

Income tax expenses (-) /              0    -65,982

income (+)

                                                   

Profit after tax                 680,719    533,492

                                                   

Minority interest                  1,010        519

                                                   

Net profit from ordinary         679,709    532,973

activities

                                                   

Net profit for the period        679,709    532,973

                                                    

Earnings per share                                  

Basic earnings per share (in   10,506.20   8,238.11

kroons)

Diluted earnings per share (in 10,506.20   8,238.11

kroons)





Hille Võrk

Financial Manager

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