SAKU ÕLLETEHAS

BALANCE SHEET



PARENT COMPANY BALANCE SHEET, AS OF 31.03.2000



in thousand EEK



                                     Parent **    Parent Parent **    Parent

                                                         corrected corrected

                                      31.03.00  31.12.99  31.03.99  31.12.98

ASSETS

Cash and bank (appendix 2)              47,935    28,134    23,941    23,560

Marketable securities (appendix 3)       5,021     5,021

Customer receivables (appendix 4)       29,300    31,864    25,019    23,876

Other receivables and                    6,511    29,871    37,604    36,798

prepayments (appendix 5)

Inventories (appendix 6)                66,960    61,354    73,392    56,305

TOTAL CURRENT ASSETS                   155,727   156,244   159,956   140,539



NON-CURRENT ASSETS

Long-term financial                        143       171     3,946     3,957

assets (appendix 7)

Tangible assets (appendix 8)           200,036   193,027   179,597   172,802

TOTAL NON-CURRENT ASSETS               200,179   193,198   183,543   176,759



TOTAL ASSETS                           355,906   349,442   343,499   317,298



LIABILITIES AND OWNERS' EQUITY

CURRENT LIABILITIES

Supplier payables                       21,964    15,510    26,322     8,600

Payables to parent company               1,900     1,240       113     1,169

Tax liabilities (appendix 9)             7,729     7,815    13,793    12,782

Salary-related accrued expenses          2,139     5,416     3,111     4,199

Other accrued expenses                               589     3,070       572

TOTAL CURRENT LIABILITIES               33,732    30,570    46,409    27,322



Share capital                           80,000    80,000    80,000    80,000

Mandatory legal reserve                  8,000     8,000     8,000     8,000

Other restricted reserves               44,070    44,070    44,070    44,070

Retained earnings                      186,801   125,906   157,906   114,209

Net profit for the year                  3,303    60,895     7,114    43,697

TOTAL OWNERS' EQUITY                   322,174   318,871   297,090   289,976



TOTAL LIABILITIES AND OWNERS' EQUITY   355,906   349,441   343,499   317,298



** - unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303