TALLINNA KAUBAMAJA

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT, 9M 2001



Consolidated, unaudited

in thousand EEK



                                          9m 2001  9m 2000  Q3 2001  Q3 2000

REVENUE

Net sales                               1,007,667  774,220  353,349  279,712

Other revenue                              17,013   12,761    7,068    4,482

Total revenue                           1,024,679  786,981  360,417  284,194

EXPENSES

Goods                                    -753,738 -567,818 -267,359 -205,783

Other operating expenses                 -114,003  -74,015  -38,299  -26,802

Personnel expneses                        -97,397  -76,211  -32,831  -28,446

Depreciation                              -39,183  -33,141  -13,519   -9,883

Depreciation and value

adjustments to non-current assets         -39,312  -33,036  -13,601   -9,848

Amortisation of goodwill                      130     -105       82      -35

Other expenses                             -1,948   -1,668     -661     -718

Total expenses                         -1,006,268 -752,853 -352,669 -271,633

OPERATING PROFIT                           18,411   34,128    7,749   12,561

Financial income                            1,308    2,318      194      223

Interest income                               437      713      194      223

Other financial income                        871    1,605

Financial expenses

Financial expenses related with           -10,791  -10,190   -3,474   -3,666

associated companies                         -134     -596      -86     -261

Interest expenses                         -10,519   -9,395   -3,372   -3,271

Other financial expenses                     -138     -199      -15     -133

Net profit for the period

before minority interest                    8,928   26,256    4,469    9,118

Minority share                                  0     -715              -179

GROUP NET PROFIT (LOSS) FOR THE PERIOD      8,928   25,541    4,469    8,939





Katrin Mühls

CFO

+372 6 673 373