AS KLEMENTI

INCOME STATEMENT

 

CONSOLIDATED INCOME STATEMENT 01.01-31.09.99

 

unaudited

in thousand EEK                                         1999        1998

                                                    Jan-Sept    Jan-Sept      Change           %

 

REVENUES

1.Net sales                                           76 151      90 368     -14 217      -15,73

2.Change in work-in-process and finished

goods inventories                                       2735      17 459     -14 724      -84,33

3.Other revenue                                        1 183         593         590       99,49

Total revenue                                         80 069     108 420     -28 351      -26,15

 

Expenses

4.Raw materials, goods and services                   30 120      49 015     -18 895      -38,55

5.Operating expenses                                  10 553      11 767      -1 214      -10,32

6.Personnel expenses                                  34 467      35 598      -1 131       -3,18

incl. 6.a.salary expenses                             25 892      26 765        -873       -3,26

6.b.social taxes                                       8 575       8 833        -258       -2,92

7.Depreciation                                         2 823       2 420         403       16,65

8.Other expenses                                         979         891          88        9,88

Total expenses                                        78 942      99 691     -20 749      -20,81

OPERATING PROFIT                                        1127       8 729      -7 602      -87,09

9.FINANCIAL INCOME                                        31         911        -880      -96,60

9.1.Income from subsidiaries                               -         876        -876     -100,00

9.2.Foreign exchange gain                                 10          21         -11      -52,38

9.3.Other interest and financial income                   21          14           7       50,00

10.FINANCIAL EXPENSES                                  3 123       2 863         260        9,08

10.1.Interest expenses                                 3 011       2 773         238        8,58

10.2.Foreign exchange loss                               112          90          22       24,44

PROFIT FROM NORMAL OPERATIONS                          -1965       6 777      -8 742     -129,00

Profit before taxes                                    -1965       6 777      -8 742     -129,00

Income tax  (accounting)                                 325       1 855      -1 530      -82,48

Deferred income tax liability                             31          -           31      100,00

Net profit for the period                              -2321       4 922      -7 243     -147,16

 

Earnings per share                                    -0,957       2,030