AUDITED INCOME STATEMENT 2006
consolidated, in thousand EEK and EUR
EEK EUR
2006 2005 2006 2005
Revenue 4 414 361 3 232 392 282 129 206 588
Cost of goods sold (3 727 561) (2 738 714) (238 234) (175 036)
GROSS PROFIT 686 800 493 678 43 895 31 552
Marketing expenses (23 390) (22 595) (1 495) (1 444)
Administrative and general exp. (148 792) (127 632) (9 510) (8 157)
Other operating income 148 205 185 052 9 472 11 827
Other operating expenses (29 952) (93 452) (1 914) (5 973)
OPERATING PROFIT 632 871 435 051 40 448 27 805
Financial income and expenses
from stocks of subsidiaries 2 326 7 499 149 479
Financial income and expenses
from stocks of associate companies
and joint ventures 17 461 19 632 1 116 1 255
Financial income and expenses from
other long-term financial investments 7 11 0 1
Interest expense (14 288) (2 418) (913) (155)
Foreign exchange gain (6 064) (2 277) (388) (145)
Other financial income 8 296 6 241 530 399
Other financial expenses (1) (15) (0) (1)
Total financial income and expenses 7 737 28 673 494 1 833
PROFIT BEFORE TAX 640 608 463 724 40 942 29 638
Corporate income tax expense (49 917) (18 437) (3 190) (1 178)
NET PROFIT FOR FINANCIAL YEAR 590 691 445 287 37 752 28 460
incl. net profit attributable
to equity holders of
the parent company 581 738 438 638 37 180 28 034
minority interest 8 953 6 649 572 426
Earnings per share for profit attributable
to the equity holders of the parent company
(basic and diluted, in EEK and EUR) 32,87 24,78 2,10 1,58
AUDITED BALANCE SHEET AS OF 31.12.2006
consolidated, in thousand EEK and EUR
EEK EUR
31.12.2006 31.12.2005 31.12.2006 31.12.2005
ASSETS
Current assets
Cash and cash equivalents 676 143 268 446 43 213 17 157
Trade and other receivables 860 531 544 581 54 998 34 806
Inventories 1 356 734 964 088 86 712 61 617
Assets held for sale 733 0 47 0
Total current assets 2 894 141 1 777 115 184 970 113 580
Non-current assets
Long-term financial investments 215 866 196 886 13 796 12 583
Investment property 3 900 42 506 249 2 716
Property, plant and equipment 90 445 199 004 5 781 12 718
Intangible assets 10 177 4 365 650 279
Total non-current assets 320 388 442 761 20 476 28 296
TOTAL ASSETS 3 214 529 2 219 876 205 446 141 876
LIABILITIES AND OWNERS' EQUITY
Current liabilities
Borrowings 283 792 114 841 18 138 7 340
Trade and other payables 1 100 264 712 186 70 320 45 517
Government grants 1 498 22 225 96 1 420
Short-term provisions 33 517 21 741 2 142 1 390
Total current liabilities 1 419 071 870 993 90 696 55 667
Non-current liabilities
Loans, bonds and
finance lease liabilities 159 335 202 824 10 183 12 963
Other long-term payables 23 277 22 726 1 488 1 452
Deferred income tax liability 0 11 385 0 728
Total non-current liabilities 182 612 236 935 11 671 15 143
Total liabilities 1 601 683 1 107 928 102 367 70 810
Equity
Minority interest 18 904 10 552 1 208 674
Equity attributable to equity holders of the parent company
Share capital 177 000 177 000 11 312 11 312
Statutory reserve capital 17 700 8 850 1 131 566
Currency translation adjustment (5 751) (5 059) (368) (323)
Retained earnings 1 404 993 920 605 89 796 58 837
Total equity attributable to equity
holders of the parent company 1 593 942 1 101 396 101 871 70 392
Total equity 1 612 846 1 111 948 103 079 71 066
TOTAL LIABILITIES AND EQUITY 3 214 529 2 219 876 205 446 141 876
Alar Lagus
Member of Board
+372 6 805 109
