KLEMENTI

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, Q1 2001



Consolidated, unaudited

in thousand EEK

                                               Q1 2001   Q1 2000



REVENUE

1.Net sales                                     25,840    25,238

2.Change in work-in-process

and finished goods inventories                  -1,533     2,316

3.Other revenue                                  1,102       529

Total revenue                                   25,409    28,083



EXPENSES

4.Materials, consumables,

supplies and services                            6,675    10,365

5.Other operating expenses                       4,232     4,288

6.Personnel expenses                            13,727    13,257

incl. 6.a. wages and salaries                   10,649     9,968

6.b.social security taxes                        3,088     3,289

7.Depreciation                                   1,487     1,145

8.Other expenses                                   447       226

Total expenses                                  26,568    29,281

OPERATING PROFIT                                -1,159    -1,198

9.FINANCIAL INCOME                                  68         8

9.1.Income from subsidiaries                         0         0

9.2.Other interest and financial income             68         8

10.FINANCIAL EXPENSES                            1,102       892

10.1. Financial expenses related

with subsidiaries                                    0         0

10.2.Interest expense                            1,050       857

10.3.Foreign exchange loss                          37        35

10.4.Other financial expenses                       15         0

PROFIT FROM NORMAL OPERATIONS                   -2,193    -2,082

Net profit (loss) for the period                -2,193    -2,082



Basic earnings per share (in kroons)             -0.62     -0.86





Airi Kamratov

Chief Accountant

+372 671 0708