Harju Elekter                 INCOME STATEMENT                  02/28/2002



INCOME STATEMENTS, 2001



INCOME STATEMENT

CONSOLIDATED, UNAUDITED



in thousand                      EEK             EUR

                                 2001    2000    2001    2000



NET SALES                     195 495 205 641  12 494  13 143

Cost of goods sold            158 227 164 145  10 113  10 491



Gross profit                   37 268  41 496   2 382   2 652



Operating expenses, incl.      25 244           1 613       0

Marketing expenses              9 568   9 747     612     623

Administrative expenses        15 676  14 152   1 002     904

Other revenue                     399     318      26      20

Other expenses                    818     884      52      56



Operating profit               11 605  17 031     742   1 089



Financial income, incl.

Financial income from subsid.   4 626   8 291     296     530

Financial income from ass.com   6 202   5 494     396     351

Fin.income from other holding     364     677      23      43

Other interest and fin.income  11 191  14 467     715     925

Total financial income

Financial expenses, incl.

Interest expense                1 908   2 165     122     138

Other financial expenses          147     157       9      10

Total financial expenses        2 055   2 322     131     148



Profit from normal operations  20 742  29 176   1 326   1 865



Net profit for the year        20 742  29 176   1 326   1 865

Basic and

diluted earnings per share       3,84    5,40    0,25    0,35





INCOME STATEMENT 2001 OF THE PARENT COMPANY, UNAUDITED



in thousand                      EEK             EUR

                                 2001    2000    2001    2000



NET SALES                     168 833 169 087  10 790  10 807

Cost of goods sold            138 994 137 709   8 883   8 801



Gross profit                   29 840  31 378   1 907   2 005



Operating expenses, incl.

Marketing expenses              6 587   6 327     421     404

Administrative expenses        12 439  11 173     795     714

Other revenue                     328     167      21      11

Other expenses                    736     635      47      41



Operating profit               10 405  13 410     665     857



Financial income, incl.

Financial income from subs.       272   2 884      17     184

Financial income from ass.com   4 626   8 291     296     530

Fin.income from other holding   6 215   5 528     397     353

Other interest and fin.income     494     799      32      51

Total financial income         11 607  17 502     742   1 119

Financial expenses, incl.

Interest expense                1 196   1 643      76     105

Amortisation of fin.assets         26      27       2       2

Other financial expenses           48      65       3       4

Total financial expenses        1 270   1 736      81     111



Profit from normal operations  20 742  29 176   1 326   1 865



Net profit for the year        20 742  29 176   1 326   1 865

Basic and

diluted earnings per share       3,84    5,40    0,25    0,35





Karin Padjus

Chief accountant

67 47 403





Moonika Vetevool

PR manager

+372 6712 761