TALLINNA KAUBAMAJA

INCOME STATEMENT



CONSOLIDATED, AUDITED INCOME STATEMENT, 2000



Consolidated/audited

in thousand EEK                                  2000               1999

                                             Group   Parent     Group   Parent



REVENUE

Net sales                                1,189,770  590,558   996,079  575,438

Other revenue                               10,077   37,767     7,019   17,751

Total revenue                            1,199,847  628,325 1,003,098  593,189



EXPENSES

Goods                                     -859,392 -416,593  -733,190 -414,528

Other operating expenses                  -109,266  -94,951   -88,882  -78,403

Personnel expneses                        -115,408  -69,950   -90,706  -58,480

depreciation and value

adjustments to non-current assets          -39,599  -18,320   -37,978  -22,386

Amortisation of goodwill                      -140        0      -140        0

Other expenses                              -2,109   -1,093    -2,186   -1,163

Total expenses                          -1,125,912 -600,907  -953,082 -574,962

OPERATING PROFIT                            73,935   27,418    50,016   18,227

Financial income

Financial income from subsidiaries               0   35,699         0   24,106

interest income                              1,086    2,088       769    1,079

other financial income                       1,459    1,459     3,014    3,014

Total financial expenses                     2,545   39,246     3,783   28,199

Financial expenses

Interest expenses                          -13,004   -5,076   -16,084  -10,400

Financial expenses related with

subsidiaries                                     0     -264         0     -179

Financial expenses related with

associated companies                          -723     -723    -1,397   -1,397

Other financial expenses                      -234     -213      -165     -101

Total financial expenses                   -13,960   -6,274   -17,645  -12,077

Profit before taxes                         62,520   60,389    36,154   34,349

Declared income tax                              0        0   -12,297  -10,838

Deferred income tax                              0        0    11,358   10,794

Profit before minority share                62,520   60,389    35,214   34,305

Minority share                              -2,131        0      -910        0

NET PROFIT FOR THE YEAR                     60,389   60,389    34,305   34,305



Basic earnings per share                      8.90               5.05

Diluted earnings per share                    8.90               5.05





Urmo Vallner

Management Board member

+372 64 00 200