HARJU ELEKTER

INCOME STATEMENT



INCOME STATEMENT, 9 MONTHS 2001



Consolidated,unaudited               Group             Parent company

in thousand EEK                      9 m 2001 9 m 2000 9 m 2001 9 m 2000





NET SALES                              135 625  146 129  117 316  118 845

Cost of goods sold                     108 733  116 316   96 121   95 490

Gross profit                            26 892   29 813   21 195   23 355



Operating expenses, incl.               17 037   16 074   13 095   12 144

Marketing expenses                       6 402    6 433    4 439    4 403

Administrative expenses                 10 635    9 641    8 656    7 741

Other revenue                              302      173      264      117

Other expenses                             668      443      592      421

Operating profit                         9 488   13 468    7 773   10 907



Financial income, incl.

Financial income from subsidiaries           0        0    1 076    2 082

Financial income from associated comp    3 365    6 070    3 365    6 070

Financial income from other holdings     6 190    4 176    6 201    4 204

Other interest and financial income        215      535      328      603

Total financial income                   9 770   10 781   10 971   12 959

Financial expenses, incl.

with associated companies                    0      170        0      170

Interest expense                         1 441    1 574      953    1 238

Amortisation of financial assets            48        0       20        0

Other financial expenses                    48      134       48       86

Total financial expenses                 1 536    1 878    1 021    1 494



Profit from normal operations           17 722   22 372   17 722   22 372

Net profit for the year                 17 722   22 372   17 722   22 372



Basic and diluted earnings per share      3,28     4,14     3,28     4,14







Karin Padjus

Chief accountant

67 47 403





Lembit Libe

economic agent

67 47 412