consolidated  statement  of  income

(All amounts in HUF 000.000´s)
  At December 31.  
  Notes 1999   1998  
Revenue      
  Rooms   14,991   14,352  
  Food and beverage   7,605   7,320  
  Spa   1,552   1,545  
  Interest income   366   398  
  Other revenues 17 2,128   1,997  
Total revenue   26,542   25,612  
Costs and Expenses      
  Rooms   2,963   2,883  
  Food and beverage   5,190   5,178  
  Spa   444   454  
  Administrative and general 18 9,563   9,106  
  Interest expense   313   384  
  F/x loss on foreign currency loan   61   901  
  Depreciation   2,363   1,280  
  Other expenses 19 1,471   1,242  
Total costs and expenses   22,368   21,428  
Income before minority interest and income taxes   4,174   4,184  
Minority interest 13 (-)   (2)  
Income before taxes   4,174   4,182  
  Corporate income tax expense 20 (772)   (717)  
Net income   3,402   3,465  
       
Basic earnings per share        
(expressed in HUF per share): 21 405   433  

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Danubius Hotels Rt.

1051 Budapest, Szent István tér 9-11.
Phone: (+36 1 ) 374-72-00; Telefax: (+36 1) 269-30-95 e-mail: info@danubiushotels.hu