PROFIT AND LOSS ACCOUNT

Profit and loss account
in '000 of SIT
	Item	1997	Merkur, d. d.   1998	Index 97=100	Merkur Group 1998
+ A	Net income from sales	44,824.038	52,155.415	116,4	55,851.632
- B	Purchase value of sold quantities	36,721.860	42,832.683	116,6	44,572.047
= C	GROSS PROFIT FROM SALES	8,102.178	9,322.732	115,1	11,279.585
- Č	Costs of sales	6,055.704	7,107.505	117,4	8,713.035
- D	Administration costs	1,056.717	1,173.937	111,1	1,533.213
+ E	Other income from sales	0	0	-	71,653
= F	OPERATING PROFIT	989.757	1,041.290	105,2	1,104.990
+ G	Income from participations in subsidiaries	4.208	13.941	331,3	- 636
+ H	Income from participations in associates	446	576	129,1	576
+ I	Income from participations in other companies	45.840	56.597	123,5	56.598
+ J	Income from financing	1,744.167	1,531.607	87,8	1,640.601
- K	Short-term and long-term financial assets write-offs	142.739	83.572	58,5	134.934
- L	Expenses from financing	1,833.233	1,410.738	77,0	1,650.319
= M	PROFIT FROM REGULAR ACTIVITIES	808.445	1,149.701	142,2	1,016.876
+ N	Extraordinary income	186.816	176.084	94,3	403.975
- O	Extraordinary expenses	86.207	84.593	98,1	121.424
= P	TOTAL PROFIT	909.054	1,241.192	136,5	1,299.427
- R	Tax on profit	0	2.229	-	6.700
- S	Other taxes	0	0	-	2.305
- Š	Profit attributable to minority shareholders	0	0	-	14.250
= T	NET PROFIT FOR THE YEAR	909.054	1,238.963	136,3	1,276.172