AS PENNU COMPUTER TECHNOLOGY

INCOME STATEMENT

01.07-31.12.98

 

Unconsolidated, unaudited

In thousand EEK                                      parent        parent         parent

                                                II half 1998  1997/98 year  II half 1997

 

Net sales                                             74,420       169,539        95,757

Other revenues                                           982         4,370         1,809

REVENUES                                              75,402       173,909        97,566

 

Raw materials, goods and services                     73,036       153,771        85,604

Operating expenses                                     6,756         6,545         2,440

Personnel expenses                                     1,992         5,156         2,549

  a) salary expenses                                   1,496         3,877         1,918

  b) social taxes                                        496         1,279           632

Depreciation                                             695           734           385

  a) Depreciation on non-current assets                  415           720           371

  b) Value adjustments of current assets                 280            14            14

Other expenses                                           830         3,572         1,095

EXPENSES                                              83,310       169,778        92,073

 

COMMERCIAL PROFIT                                     -7,908         4,131         5,492

 

FINANCIAL REVENUES                                     3,202         5,427         3,337

  a) income from subsidiaries			         642            71           937

  b) income from affiliated enterprises                  141           866           535

  c) profit from exchange differences                    255           100            24

  d) other interest and financial income               2,163         4,389         1,842

FINANCIAL EXPENSES                                    25,573         3,623         1,532

  a) financial expenses related to subsidiaries       15,168           252

  b) financial expenses related to affiliated

     enterprises				         510            44

  c) interest expenses                                 1,421         3,261         1,508

  d) loss from exchange difference                        18            61            24

  e) Value adjustments of financial investments        8,456

  f) other financial expenses                              0             6             0

 

OPERATING PROFIT                                     -30,279         5,934         7,298

PROFIT BEFORE INCOME TAX                             -30,279         5,934         7,298

 

INCOME TAX                                                           1,422         1,518

DEFERRED INCOME TAX                                      231

 

NET PROFIT FOR THE PERIOD                            -30,279         4,282         5,780