Merkur - Annual report 1996

Profit and Loss Account				in thousand tolars



		Title	1995	1996	Index 95=100	Merkur Group 1996

		1	2	3	4=3/2	5

+	A	Net sales income	35.492.088	40.137.109	113	41.062.850
-	B	Purchase value of sold quantities	28.794.896	32.688.471	114	33.162.224
=	C	GROSS PROFIT FROM SALES	6.697.192	7.448.638	111	7.900.626

-	È	Costs of sales	4.844.653	5.664.790	117	6.084.256
-	D	Administrative and general expenses	930.626	1.018.200	109	1.117.307
+	E	Other income from sales	0	0		14.522
=	F	OPERATING PROFIT	921.913	765.648	83	713.585

+	G	Income from investments in group members	0	0		0
+	H	Income from investments in other associated enterprises	0	0		0
+	I	Income from other investments	10.832	1.556	14	1.556
+	J	Financial income	1.506.676	1.879.232	125	2.019.359
-	K	Long- and short- term investment write-offs	111.852	142.404	127	10.376
-	L	Financial expenses	1.651.868	1.934.550	117	2.100.804
=	M	PROFIT FROM ORDINARY ACTIVITIES	675.701	569.482	84	623.320

+	N	Extraordinary income	545.538	247.266	45	261.480
-	O	Extraordinary expenses	75.864	90.556	119	118.936
=	P	TOTAL PROFIT	1.145.375	726.192	63	765.864

-	R	Taxes on profit	70.365	58.308	83	60.645
-	S	Other taxes	0	0		2.849
	`	Minority owner s share in the profit				10

=	T	NET PROFIT FOR THE FINANCIAL YEAR	1.075.010	667.884	62	702.360

		NET PROFIT (exclusive of extraordinary income and liability to employees cancellation)	633.094	667.884	105	702.360