TALLINNA KÜLMHOONE

INCOME STATEMENT



AUDITED CONSOLIDATED INCOME STATEMENT 2000



Audited, consolidated

in thousand EEK



                                         2000     1999

REVENUE

1.Net sales                           485,191  454,988

2.Other revenue                         1,142      496

TOTAL REVENUE                         486,333  455,484



EXPENSES

3.Change in inventories                  -786    4,763

4.Materials, consumables,

supplies and services                -386,345 -358,604

5.Other operating expenses            -23,459  -21,367

6.Personnel expenses                  -40,447  -36,718

7.Depreciation                        -14,217  -11,182

8.Other expenses                       -1,640   -1,754

TOTAL EXPENSES                       -466,894 -424,862



OPERATING PROFIT                       19,439   30,622



9.FINANCIAL INCOME                         86       63

10.FINANCIAL EXPENSES                  -5,189   -6,928



PROFIT BEFORE TAXES                    14,336   23,757



11.DEFERRED INCOME TAX LIABILITY            0   -6,036



PROFIT AFTER TAXES                     14,336   17,721



MINORITY INTEREST                         -95     -163



NET PROFIT                              14241    17558



EARNINGS PER SHARE (EEK)                 4.20     5.18





Evald Karu

Management Board member

+372 605 7800