Börsiteade
TKM Grupp AS
LEI kood
529900785KF1K0EEW940
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
2756
Manused
Esitamise kuupäev ja aeg
27.05.2010 16:30:00
Teate sisu eesti keeles
Pealkiri
2010. AASTA I KVARTALI AUDITEERIMATA MAJANDUSTULEMUSED
Teade
Tallinna Kaubamaja kontserni 2010. aasta esimese kvartali konsolideeritud
auditeerimata müügitulu oli 1,4 miljardit krooni (91,5 miljonit eurot).
Kontserni 2009. aasta võrreldava perioodi müügitulu oli 1,5 miljardit krooni
(97,4 miljonit eurot), mis tegi võrdluses eelmise aastaga languseks 6%. I
kvartali kahjum ulatus 5,9 miljoni kroonini (0,4 miljoni euroni). 2009. aasta
esimese kvartali kahjum oli 52,3 miljonit krooni (3,3 miljonit eurot). Tallinna
Kaubamaja kontserni bilansimaht 31. märtsil 2010 oli 3,9 miljardit krooni (249,9
miljonit eurot), kahanedes võrreldes 2009. aasta lõpu seisuga 71,6 miljonit
krooni (4,6 miljonit eurot). Varade maht kahanes 2%.
Esimese kvartali jätkuv käibe langus avaldas endiselt survet Tallinna Kaubamaja
kontserni tegevusele. Ettevõte püüab aktiivselt suurendada efektiivsust ja leida
kontsernisiseseid sünergiad. Kvartali kokkuvõttes suutis kontsern võrreldes
eelmise aasta sama perioodiga kasumit parandada 46,4 miljoni krooni (3,0
miljonit eurot) võrra eelkõige opereerimiskulude ja palgakulude kokkuhoiu
arvelt. Ebarentaablite kaupluste sulgemise ning parema varude juhtimise
tulemusena paranes veidi müügimarginaal. Esimeses kvartalis vähenes
finantskulude maht võrreldes eelmise aasta sama perioodiga madalama EURIBORi
taseme tõttu. 2009. aasta sügisel külmutada otsustatud Läti Selverite
sulgemisega kaasnenud kulusid kanti veel käesoleva aasta esimeses kvartalis.
Viimane Lätis tegutsenud Selveri kauplus suleti 2010. aasta märtsis.
Kaubamajade ärisegmendi 2010. aasta esimese kvartali müügitulu oli 254,5
miljonit krooni (16,3 miljonit eurot), kahanedes eelmise aastaga võrreldes 8%.
Esimese kvartali teisest poolest on tunda majanduse stabiliseerumise märke, kus
märtsikuu Kaubamajade müügitulu oli eelmise aastaga samal tasemel. Kaubamajade
kahjum 2010. aasta esimeses kvartalis oli 11,1 miljonit krooni (0,7 miljonit
eurot), olles aasta tagusest tulemusest parem 0,3 miljonit krooni (0,02 miljoni
euroga). Kaubamajade tegevuskulud olid esimeses kvartalis 8% väiksemad ning
ärikahjum vähenes 3,6 miljonit krooni (0,2 miljonit eurot) võrreldes eelmise
aasta sama perioodiga.
Supermarketite ärisegmendi konsolideeritud müügitulu 2010. aasta esimeses
kvartalis oli 1,1 miljardit krooni (69,2 miljonit eurot), kahanedes võrrelduna
eelmise aasta võrreldava perioodiga 4%. Supermarketite segmendi konsolideeritud
puhaskahjum olid 2010.aasta I kvartalis 9,8 miljonit krooni (0,6 miljonit
eurot), näidates 19,4 miljoni krooni (1,2 miljoni euro) suurust paranemist
võrreldes 2009. aasta sama perioodiga, kui konsolideeritud maksueelne kahjum ja
puhaskahjum olid 29,2 miljonit krooni (1,9 miljonit eurot). Supermarketite
segmendi I kvartali müügitulu Eestis oli 1,1 miljardit krooni (69,2 miljonit
eurot), mis on 2% väiksem kui eelmise aasta esimesel kolmel kuul. Selveri keti
Eesti-sisene turuosa 2010. aasta I kvartalis oli 18,7%, suurenedes võrrelduna
2009. aasta I kvartaliga 1,1 protsendipunkti võrra. Eestis teenitud puhaskasum
olid 2010.aasta I kvartalis 9,9 miljonit krooni (0,6 miljonit eurot), kasvades
aasta varasema perioodiga võrrelduna 18,3 miljoni krooni (1,2 miljoni euro)
võrra. I kvartali majandustulemustele on positiivset mõju avaldanud
turundustegevused ja müügikampaaniad. Olukorras, kus tulude kasvatamine on
piiratud tarbijate alanenud ostujõuga, on Selver jätkanud tööd kuluefektiivsuse
tasemete parandamisega. Sõlmitud on kokkuleppeid alandamaks püsikulusid, üle on
vaadatud lepinguid ning kokkuhoiu võimalusi muutuvkuludes. Tööjõukuludes on
saavutatud 14%-line kokkuhoid võrrelduna eelmise aasta sama perioodiga.
Tulenevalt 2009. aasta sügisel vastu võetud otsusest tütarettevõtte SIA Selver
Latvia äritegevus Lätis külmutada, oli käesoleva aasta I kvartali lõpuks kõik
Lätis asunud 6 Selverit suletud ja igakuised kulud viidud miinimumini. Selveri
müügitulu Lätis 2010. aasta esimeses kvartalis oli seetõttu 0,2 miljonit krooni
(10 tuhat eurot) võrrelduna 25,8 miljoni krooniga (1,7 miljoni euroga) eelmise
aasta samal perioodil. 2010. aasta I kvartali SIA Selver Latvia puhaskahjum oli
19,8 miljonit krooni (1,3 miljonit eurot), vähenedes aasta varasema perioodiga
võrrelduna 1,2 miljoni krooni (75 tuh. euro) võrra.
Kinnisvarade ärisegmendi 2010. aasta esimese kvartali kontserniväline müügitulu
oli 10,0 miljonit krooni (0,6 miljonit eurot), kahanedes eelmise aasta sama
perioodiga 11% tingituna üüritegevuse vähenemisest Lätis. Segmendi esimese kolme
kuu kasumiks kujunes 24,9 miljonit krooni (1,6 miljonit eurot). See oli eelmise
aasta esimese kvartali kasumist 8,9 miljoni krooni (0,6 miljoni euro) võrra
parem tulemus ja oli peamiselt tingitud Läti tegevuskulude vähenemisest,
soodsate intressimäärade tõttu vähenenud finantskuludest ning
amortisatsioonikulude vähenemisest.
Autokaubandusturul jätkub madalseis, I kvartalis müüdi Eestis 2 090 sõiduautot,
mis on 18% vähem kui aasta tagasi. Lätis langes müük 37%, müüdi 825 sõidukit.
Leedus müüdi 1 371 sõiduautot ning langus oli 27%. Autokaubanduse segmendi 2010.
aasta I kvartali müügitulu ilma segmentide vaheliste tehinguteta oli 45,7
miljonit krooni (2,9 miljonit eurot), jäädes 27% alla eelmise aasta sama
perioodi tuludele. Aasta esimesel kolmel kuul müüdi kokku 141 autot ehk 173
autot vähem, kui aasta varem samal perioodil. KIA sõidukite turuosa Baltikumis
ületas I kvartalis 3% piiri, aasta tagasi oli see 2,14%. Autokaubanduse segment
on vähendanud 2010. aasta esimeses kvartalis kahjumit 5,5 miljonit krooni (0,4
miljonit eurot) võrreldes eelmise aasta esimese kolme kuuga. Segmendi 2010.
aasta esimese kvartali kahjum oli 0,4 miljonit krooni (0,02 miljonit eurot).
Jalatsikaubanduse 2010. aasta I kvartali müügitulu kokku oli 38,9 miljonit
krooni (2,5 miljonit eurot), vähenedes võrreldes 2009. aasta sama perioodiga 3%.
I kvartali kahjumiks kujunes 9,6 miljonit krooni (0,6 miljonit eurot), millest
Läti ettevõtete kahjum moodustab 0,6 miljonit krooni (0,04 miljonit eurot). 2009
aasta I kvartalis oli jalatsikaubanduse kahjum kokku 21,8 miljonit krooni (1,4
miljonit eurot) (s.h. Läti ettevõtete kahjum 4,8 miljonit krooni, 0,3 miljonit
eurot). Kahjumi peamisteks põhjusteks oli talvekaupade sesoonne allahindlus.
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
tuhandetes
--------------------------------------------------------------------------------
| | EEK | EUR |
--------------------------------------------------------------------------------
| | 31.03.20 | 31.12.200 | 31.03.201 | 31.12.200 |
| | 10 | 9 | 0 | 9 |
--------------------------------------------------------------------------------
| VARAD | | | | |
--------------------------------------------------------------------------------
| Käibevara | | | | |
--------------------------------------------------------------------------------
| Raha ja pangakontod | 182 173 | 223 691 | 11 643 | 14 296 |
--------------------------------------------------------------------------------
| Nõuded ostjate vastu | 58 916 | 75 655 | 3 765 | 4 835 |
--------------------------------------------------------------------------------
| Muud lühiajalised nõuded | 56 929 | 82 032 | 3 639 | 5 242 |
--------------------------------------------------------------------------------
| Maksude ettemaksed ja | 7 762 | 8 820 | 496 | 564 |
| tagasinõuded | | | | |
--------------------------------------------------------------------------------
| Muud ettemaksed | 12 142 | 12 404 | 776 | 793 |
--------------------------------------------------------------------------------
| Varud | 656 107 | 616 554 | 41 933 | 39 405 |
--------------------------------------------------------------------------------
| Käibevara kokku | 974 029 | 1 019 156 | 62 252 | 65 135 |
--------------------------------------------------------------------------------
| Põhivara | | | | |
--------------------------------------------------------------------------------
| Ettemaksed | 25 479 | 25 499 | 1 629 | 1 630 |
--------------------------------------------------------------------------------
| Investeeringud | 20 989 | 20 323 | 1 341 | 1 299 |
| sidusettevõtetesse | | | | |
--------------------------------------------------------------------------------
| Muud pikaajalised nõuded | 3 965 | 3 613 | 253 | 231 |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringud | 55 800 | 55 800 | 3 566 | 3 566 |
--------------------------------------------------------------------------------
| Materiaalne põhivara | 2 663 | 2 689 639 | 170 254 | 171 900 |
| | 896 | | | |
--------------------------------------------------------------------------------
| Immateriaalne põhivara | 60 340 | 62 018 | 3 857 | 3 964 |
--------------------------------------------------------------------------------
| Firmaväärtus | 104 993 | 104 993 | 6 710 | 6 710 |
--------------------------------------------------------------------------------
| Põhivara kokku | 2 935 | 2 961 885 | 187 610 | 189 300 |
| | 462 | | | |
--------------------------------------------------------------------------------
| VARAD KOKKU | 3 909 | 3 981 041 | 249 862 | 254 435 |
| | 491 | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL | | | | |
--------------------------------------------------------------------------------
| Lühiajalised kohustused | | | | |
--------------------------------------------------------------------------------
| Võlakohustused | 194 050 | 254 524 | 12 402 | 16 267 |
--------------------------------------------------------------------------------
| Saadud ettemaksed | 5 039 | 2 983 | 322 | 190 |
--------------------------------------------------------------------------------
| Võlad tarnijatele | 715 556 | 713 855 | 45 733 | 45 623 |
--------------------------------------------------------------------------------
| Maksukohustused | 45 972 | 63 490 | 2 938 | 4 058 |
--------------------------------------------------------------------------------
| Muud lühiajalised kohustused | 71 473 | 62 720 | 4 568 | 4 009 |
--------------------------------------------------------------------------------
| Lühiajalised eraldised | 521 | 445 | 33 | 28 |
--------------------------------------------------------------------------------
| Lühiajalised kohustused kokku | 1 032 | 1 098 017 | 65 996 | 70 175 |
| | 611 | | | |
--------------------------------------------------------------------------------
| Pikaajalised kohustused | | | | |
--------------------------------------------------------------------------------
| Võlakohustused | 1 267 | 1 267 096 | 80 986 | 80 982 |
| | 152 | | | |
--------------------------------------------------------------------------------
| Pikaajalised eraldised | 1 667 | 1 736 | 106 | 111 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused kokku | 1 268 | 1 268 832 | 81 092 | 81 093 |
| | 819 | | | |
--------------------------------------------------------------------------------
| KOHUSTUSED KOKKU | 2 301 | 2 366 849 | 147 088 | 151 268 |
| | 430 | | | |
--------------------------------------------------------------------------------
| Omakapital | | | | |
--------------------------------------------------------------------------------
| Aktsiakapital | 407 292 | 407 292 | 26 031 | 26 031 |
--------------------------------------------------------------------------------
| Kohustuslik reservkapital | 40 729 | 40 729 | 2 603 | 2 603 |
--------------------------------------------------------------------------------
| Ümberhindluse reserv | 670 602 | 673 976 | 42 859 | 43 075 |
--------------------------------------------------------------------------------
| Jaotamata kasum | 498 226 | 500 730 | 31 844 | 32 004 |
--------------------------------------------------------------------------------
| Konverteerimiserinevused | -8 788 | -8 535 | -563 | -546 |
--------------------------------------------------------------------------------
| OMAKAPITAL KOKKU | 1 608 | 1 614 192 | 102 774 | 103 167 |
| | 061 | | | |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL | 3 909 | 3 981 041 | 249 862 | 254 435 |
| KOKKU | 491 | | | |
--------------------------------------------------------------------------------
KONSOLIDEERITUD KOONDKASUMIARUANNE
tuhandestes
--------------------------------------------------------------------------------
| | | EEK | EUR |
--------------------------------------------------------------------------------
| | 3 kuud | 3 kuud | 3 kuud | 3 kuud |
| | 2010 | 2009 | 2010 | 2009 |
--------------------------------------------------------------------------------
| Müügitulu | 1 431 | 1 524 | 91 516 | 97 440 |
| | 913 | 603 | | |
--------------------------------------------------------------------------------
| Muud äritulud | 41 884 | 37 954 | 2 677 | 2 425 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Kasutatud materjal ja tarvikud | -1 115 | -1 207 | -71 306 | -77 142 |
| | 689 | 003 | | |
--------------------------------------------------------------------------------
| Mitmesugused tegevuskulud | -177 | -186 684 | -11 364 | -11 931 |
| | 815 | | | |
--------------------------------------------------------------------------------
| Tööjõukulud | -134 | -164 192 | -8 621 | -10 494 |
| | 889 | | | |
--------------------------------------------------------------------------------
| Põhivara kulum | -42 326 | -46 402 | -2 705 | -2 966 |
--------------------------------------------------------------------------------
| Muud ärikulud | -3 470 | -2 297 | -222 | -147 |
--------------------------------------------------------------------------------
| Ärikahjum | -392 | -44 021 | -25 | -2 815 |
--------------------------------------------------------------------------------
| Finantstulud | 1 292 | 1 080 | 83 | 69 |
--------------------------------------------------------------------------------
| Finantskulud | -7 444 | -10 160 | -476 | -649 |
--------------------------------------------------------------------------------
| Finantstulud sidusettevõtja | 666 | 825 | 42 | 53 |
| aktsiatelt | | | | |
--------------------------------------------------------------------------------
| Aruandeperioodi puhaskahjum | -5 878 | -52 276 | -376 | -3 342 |
--------------------------------------------------------------------------------
| Muu koondkasum/kahjum | | | | |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | -253 | 323 | -17 | 21 |
--------------------------------------------------------------------------------
| Aruandeperioodi muu | -253 | 323 | -17 | 21 |
| koondkasum/kahjum | | | | |
--------------------------------------------------------------------------------
| ARUANDEPERIOODI KOONDKAHJUM | -6 131 | -51 953 | -393 | -3 321 |
--------------------------------------------------------------------------------
Raul Puusepp
Juhatuse esimees
Tel 731 5000
Teate sisu inglise keeles
Pealkiri
UNAUDITED CONSOLIDATED INTERIM ACCOUNTS FOR FIRST QUARTER OF 2010
Teade
In the first quarter of 2010, the consolidated non-audited sales revenue of
Tallinna Kaubamaja Group amounted to 1.4 billion kroons (91.5 million euros).
The sales revenue of the group in the same period of 2009 was 1.5 billion kroons
(97.4 million euros), which amounts to a decrease of 6% compared to the previous
year. The loss of the first quarter amounted to 5.9 million kroons (0.4 million
euros). The loss of the first quarter of 2009 was 52.3 million kroons (3.3
million euros). As of 31 March 2010, the balance sheet total of the Tallinna
Kaubamaja Group was 3.9 billion kroons (249.9 million euros), which means a
decrease by 71.6 million kroons (4.6 million euros) compared to the end of 2009.
Assets decreased by 2%.
The continual decrease of the turnover still exerted pressure on the Group's
activities in the first quarter. The company is actively trying to increase
efficiency and to find synergies within the Group. In the quarter's summation,
the company was able to improve profit by 46.4 million kroons (3.0 million
euros) mainly due to cutting operating expenses and renumerations. The sales
marginal improved a little due to the closure of uneconomic stores and improved
inventory management. The volume of financial expenses decreased in the first
quarter compared to the same period of the previous year due to the lower level
of EURIBOR. The expenses related to the decision to freeze the activities of
Selver in Latvia in the autumn 2009, were still incurred in the first quarter of
this year. The last Selver store operating in Latvia was closed in March 2010.
In the first quarter of 2010, the sales revenue of the business segment of
department stores was 254.5 million kroons (16.3 million euros), decreasing 8%
compared to the previous year. Signs of economic stabilisation could be observed
in the second half of the first quarter, when the sales revenue of Kaubamaja
department stores in March was on the same level with the previous year. In the
first quarter of 2010, the loss of Kaubamaja department stores was 11.1 million
kroons (0.7 million euros), a result that is better than the result of previous
year by 0.3 million kroons (0.02 million euros). The operating expenses of
Kaubamaja department stores were 8% less in the first quarter and the operating
loss decreased by 3.6 million kroons (0.2 million euros) compared to the same
period of the previous year.
In the first quarter of 2010, the consolidated sales revenue of the business
segment of supermarkets amounted to 1.1 billion kroons (69.2 million euros),
which is 4% less than in the same period of the previous year. In the first
quarter of 2010, the consolidated net loss of segment of supermarkets was 9.8
million kroons (0.6 million euros), showing an improvement of 19.4 million
kroons (1.2 million euros) compared to the same period of 2009, when the
consolidated pre-tax loss and net loss was 29.2 million kroons (1.9 million
euros). The quarter's sales revenue of the segment of supermarkets in Estonia
was 1.1 billion kroons (69.2 million euros), decreasing by 2% compared to the
first three months of the previous year. In the first quarter of 2010, the
market share of the Selver chain in Estonia was 18.7%, increasing 1.1 percentage
points compared to the first quarter of 2009. The net profit earned in Estonia
in the first quarter of 2010 was 9.9 million kroons (0.6 million euros), growing
by 18.3 million kroons (1.2 million euros) compared to the same period of the
previous year. The economic results of the first quarter have been positively
influenced by marketing activities and sales campaigns. In a situation where the
profit increase is limited with the reduced purchasing power of the consumers,
Selver has continued to work on improving the levels of cost efficiency.
Agreements have been concluded to decrease fixed costs, contracts and variable
costs have been reviewed for economising. Labour costs have been cut by 14%
compared to the same period of the previous year.As a consequence of the
decision adopted in autumn 2009 to freeze the business activities of the
subsidiary SIA Selver Latvia in Latvia, all the 6 Selver stores located in
Latvia had been closed by the end of the first quarter of this year and monthly
costs had been minimised. Therefore, the sales revenue of Selver in Latvia in
the first quarter of 2010 was 0.2 million kroons (10 thousand euros) compared to
25.8 million kroons (1.7 million euros) in the same period of the previous year.
In the first quarter of 2010, the net loss of SIA Selver Latvia was 19.8 million
kroons (1.3 million euros), showing a decrease of 1.2 million kroons (75
thousand euros) compared to the same period of previous year.
In the first quarter of 2010, the sales revenue of the business segment of real
estate outside the group was 10.0 million kroons (0.6 million euros) and the
sales revenue decreased by 11 % compared to the same period of the previous year
due to the decrease of rental activities in Latvia. The segment's profit of the
first three months amounted to 24.9 million kroons (1.6 million euros). This
result is 8.9 million kroons (0.6 million euros) better than the profit of the
first quarter of the previous year and it is caused by the reduction of
operating expenses in Latvia, reduced financial expenses caused by favourable
interest rates and decrease of depreciable costs.
The car trade market is still at a low level, altogether 2,090 cars were sold in
the first quarter which is 18% less than a year ago. In Latvia, the sales fell
37%, i.e. 825 vehicles were sold. In Lithuania, 1,371 cars were sold and the
drop was 27%. The sales revenue of the car trade segment with the exclusion of
inter-segmental transactions in the first quarter of 2010 was 45.7 million
kroons (2.9 million euros), which is 27% less than the income of the respective
period of the previous year. A total of 141 cars were sold in the first three
months of the year which is 173 cars less than in the same period of the
previous year. The market share of KIA vehicles surpassed the limit of 3%, a
year ago this figure was 2.14%. The car trade segment has decreased loss by 5.5
million kroons (0.4 million euros) compared to the first three months of the
previous year. The segment's loss in the first quarter of 2010 was 0.4 million
kroons (0.02 million euros).
The sales revenue of the footwear trade in the first quarter of 2010 was 38.9
million kroons (2.5 million euros), decreasing by 3% in comparison with the
respective period of 2009. The loss in the first quarter amounted to 9.6 million
kroons (0.6 million euros), of which the loss of Latvian businesses amounts to
0.6 million kroons (0.04 million euros). The total loss of footwear trade in the
first quarter of 2009 was 21.8 million kroons (1.4 million euros) (including the
loss of Latvian companies of 4.8 million kroons, 0.3 million euros). The loss
mainly stems from the seasonal discount of winter goods.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
In thousands of
--------------------------------------------------------------------------------
| | EEK | EUR |
--------------------------------------------------------------------------------
| | 31.03.201 | 31.12.200 | 31.03.201 | 31.12.200 |
| | 0 | 9 | 0 | 9 |
--------------------------------------------------------------------------------
| ASSETS | | | | |
--------------------------------------------------------------------------------
| Current assets | | | | |
--------------------------------------------------------------------------------
| Cash and bank | 182,173 | 223,691 | 11,643 | 14,296 |
--------------------------------------------------------------------------------
| Trade receivables | 58,916 | 75,655 | 3,765 | 4,835 |
--------------------------------------------------------------------------------
| Other short-term receivables | 56,929 | 82,032 | 3,639 | 5,242 |
--------------------------------------------------------------------------------
| Prepaid and refundable taxes | 7,762 | 8,820 | 496 | 564 |
--------------------------------------------------------------------------------
| Other prepayments | 12,142 | 12,404 | 776 | 793 |
--------------------------------------------------------------------------------
| Inventories | 656,107 | 616,554 | 41,933 | 39,405 |
--------------------------------------------------------------------------------
| Total current assets | 974,029 | 1,019,156 | 62,252 | 65,135 |
--------------------------------------------------------------------------------
| Fixed assets | | | | |
--------------------------------------------------------------------------------
| Prepaid expenses | 25,479 | 25,499 | 1,629 | 1,630 |
--------------------------------------------------------------------------------
| Shares in affiliated | 20,989 | 20,323 | 1,341 | 1,299 |
| companies | | | | |
--------------------------------------------------------------------------------
| Other long-term receivables | 3,965 | 3,613 | 253 | 231 |
--------------------------------------------------------------------------------
| Investment property | 55,800 | 55,800 | 3,566 | 3,566 |
--------------------------------------------------------------------------------
| Tangible fixed assets | 2,663,896 | 2,689,639 | 170,254 | 171,900 |
--------------------------------------------------------------------------------
| Intangible fixed assets | 60,340 | 62,018 | 3,857 | 3,964 |
--------------------------------------------------------------------------------
| Goodwill | 104,993 | 104,993 | 6,710 | 6,710 |
--------------------------------------------------------------------------------
| Total fixed assets | 2,935,462 | 2,961,885 | 187,610 | 189,300 |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 3,909,491 | 3,981,041 | 249,862 | 254,435 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| LIABILITIES AND EQUITY | , | , | , | , |
--------------------------------------------------------------------------------
| Current liabilities | | | | |
--------------------------------------------------------------------------------
| Borrowings | 194,050 | 254,524 | 12,402 | 16,267 |
--------------------------------------------------------------------------------
| Prepayments received | 5,039 | 2,983 | 322 | 190 |
--------------------------------------------------------------------------------
| Trade payables | 715,556 | 713,855 | 45,733 | 45,623 |
--------------------------------------------------------------------------------
| Tax liabilities | 45,972 | 63,490 | 2,938 | 4,058 |
--------------------------------------------------------------------------------
| Other current liabilities | 71,473 | 62,720 | 4,568 | 4,009 |
--------------------------------------------------------------------------------
| Provisions | 521 | 445 | 33 | 28 |
--------------------------------------------------------------------------------
| Total current liabilities | 1,032,611 | 1,098,017 | 65,996 | 70,175 |
--------------------------------------------------------------------------------
| Long-term liabilities | | | | |
--------------------------------------------------------------------------------
| Borrowings | 1,267,152 | 1,267,096 | 80,986 | 80,982 |
--------------------------------------------------------------------------------
| Provisions | 1,667 | 1,736 | 106 | 111 |
--------------------------------------------------------------------------------
| Total long-term liabilities | 1,268,819 | 1,268,832 | 81,092 | 81,093 |
--------------------------------------------------------------------------------
| TOTAL LIABILITIES | 2,301,430 | 2,366,849 | 147,088 | 151,268 |
--------------------------------------------------------------------------------
| Equity | | | | |
--------------------------------------------------------------------------------
| Share capital | 407,292 | 407,292 | 26,031 | 26,031 |
--------------------------------------------------------------------------------
| Statutory reserve capital | 40,729 | 40,729 | 2,603 | 2,603 |
--------------------------------------------------------------------------------
| Revaluation reserve | 670,602 | 673,976 | 42,859 | 43,075 |
--------------------------------------------------------------------------------
| Retained earnings | 498,226 | 500,730 | 31,844 | 32,004 |
--------------------------------------------------------------------------------
| Currency translation | -8,788 | -8,535 | -563 | -546 |
| differences | | | | |
--------------------------------------------------------------------------------
| TOTAL EQUITY | 1,608,061 | 1,614,192 | 102,774 | 103,167 |
--------------------------------------------------------------------------------
| TOTAL LIABILITIES AND EQUITY | 3,909,491 | 3,981,041 | 249,862 | 254,435 |
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
In thousands of
--------------------------------------------------------------------------------
| | EEK | EUR |
--------------------------------------------------------------------------------
| | 3 months | 3 months | 3 months | 3 months |
| | 2010 | 2009 | 2010 | 2009 |
--------------------------------------------------------------------------------
| Revenue | 1,431,91 | 1,524,60 | 91,516 | 97,440 |
| | 3 | 3 | | |
--------------------------------------------------------------------------------
| Other operating income | 41,884 | 37,954 | 2,677 | 2,425 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Materials and consumables used | -1,115,6 | -1,207,0 | -71,306 | -77,142 |
| | 89 | 03 | | |
--------------------------------------------------------------------------------
| Other operating expenses | -177,815 | -186,684 | -11,364 | -11,931 |
--------------------------------------------------------------------------------
| Staff costs | -134,889 | -164,192 | -8,621 | -10,494 |
--------------------------------------------------------------------------------
| Depreciation and amortisation | -42,326 | -46,402 | -2,705 | -2,966 |
--------------------------------------------------------------------------------
| Other expenses | -3,470 | -2,297 | -222 | -147 |
--------------------------------------------------------------------------------
| Operating loss | -392 | -44,021 | -25 | -2,815 |
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| Financial income | 1,292 | 1,080 | 83 | 69 |
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| Financial costs | -7,444 | -10,160 | -476 | -649 |
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| Financial income on shares of | 666 | 825 | 42 | 53 |
| associates | | | | |
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| Net loss for the reporting | -5,878 | -52,276 | -376 | -3,342 |
| period | | | | |
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| Other comprehensive income/loss | | | | |
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| Exchange differences on | -253 | 323 | -17 | 21 |
| translating foreign operations | | | | |
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| Other comprehensive income for | -253 | 323 | -17 | 21 |
| the reporting period | | | | |
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| TOTAL COMPREHENSIVE LOSS FOR | -6,131 | -51,953 | -393 | -3,321 |
| THE REPORTING PERIOD | | | | |
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Raul Puusepp
Chairman of the Board
Phone +372 731 5000