RAKVERE LIHAKOMBINAAT

INCOME STATEMENT



AUDITED CONSOLIDATED INCOME STATEMENT 2000



Consolidated, audited

in thousand EEK



                                                 2000       1999

REVENUE

Net sales                                     891,648    737,748

Other revenue                                   4,659     15,518

Total revenue                                 896,307    753,266



EXPENSES

Change in finished goods and

work-in-progress inventories                    5,367         75

Materials, consumables and supplies          -609,841   -462,921

Other operating expenses                     -109,960    -79,376

Personnel expenses                           -122,679   -114,674

Depreciation value adjustments

to non-current assets                         -50,883    -57,636

Other expenses                                 -3,316     -9,978



Operating profit                                4,995     28,756



Financial income/expenses

Loss from sales of subsidiaries                     0       -200

Foreign exchange profit/loss                    7,691      9,932

Interest and other financial income             2,589      1,688

Interest and other financial expenses         -14,380    -19,770

Goodwill amortisation                             -64          0

Total financial income/expenses                -4,164     -8,350



Profit before taxes                               831     20,406

Income tax                                         -4        -53

Minority interest loss                            389        712

NET PROFIT                                      1,216     21,065



Earnings per share                             0.0320     0.5584





Siim Kallast

CFO

+372 32 29 231