MERKO EHITUS

INCOME STATEMENT

01.01.99-31.03.99

 

Consolidated, unaudited

in thousand EEK

                                                       Q1 1999          1998       Q1 1998

 

Net sales                                              155 867       843 156       176 679

Change in work-in-progress inventories                  12 110         2 046        -7 710

Capitalized self-constructed assets                                   56 819        13 500

Other revenue                           	         3 857        12 568         1 607

                                    TOTAL REVENUE      171 834       914 589       184 076

Raw materials, goods and services                      132 684       693 750       126 724

Other operating expenses                                16 397        97 367        27 976

Personnel expenses                                      11 021        63 273        14 343

          incl. salary-related expenses                  8 290        47 564        10 785

                social taxes                             2 731        15 709         3 558

Depreciation and value adjustments on non-current assets 2 274         9 475         1 078

Other expenses                                             637         3 283         1 231

                                    TOTAL EXPENSES     163 013       867 148       171 352

COMMERCIAL PROFIT                                        8 821        47 441        12 724

Income from subsidiaries		                                 504

Income from affiliated enterprises	                 1 579           844         1 933

Financial revenues from other long-term financial investments            864           864

Foreign exchange gain                                      389           112

Other interest and financial revenue                     1 736         4 281         2 278

                                TOTAL FINANCIAL REVENUE  3 704         6 605         5 075

Financial expenses related to subsidiaries                               197

Financial expenses related to affiliated enterprises     1 016         3 837           154

Interest expenses                                        1 732         1 510            15

Foreign exchange loss                                       49           144

Other financial expenses                                    64         7 586           692

                                TOTAL FINANCIAL EXPENSES 2 861        13 274           861

OPERATING PROFIT                                         9 664        40 772        16 938

Extraordinary expenses                                                    19

Profit before income tax                                 9 664        40 753        16 938

Income tax                                               3 295         1 338         3 827

Deferred income tax                                       -111         1 023            86

NET PROFIT FOR THE YEAR                                  6 480        38 392        13 025

incl. minority interest                                    292           -91            22

     NET PROFIT FOR THE GROUP                            6 188        38 483        13 003

 

 

 

INCOME STATEMENT TO OPERATING PROFIT          SCHEME 2

 

Net sales                                              155 867       843 156       176 679

Cost of merchandise sold                               140 766       768 200       158 588

GROSS PROFIT                                            15 101        74 956        18 091

Marketing expenses                                       2 596         7 504           832

Administrative expenses                                  6 920        29 559         4 973

Other revenue                                            3 825        12 568         1 607

Other expenses                                             589         3 020         1 169

OPERATING PROFIT                                         8 821        47 441        12 724