SAKU ÕLLETEHAS

REPORT



GROUP STATEMENT OF CHANGES IN EQUITY, H1 2000



(in EEK thousand)



                                   Group*   Group*    Group    Group

                                  H1 2000  H1 1999     1999     1998

                                                           corrected

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

Reserve capital, beginning balance  8,000    8,000    8,000    8,002

Increased in retained earnings                                     2

Reserve capital, closing balance    8,000    8,000    8,000    8,000

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

Retained earnings, beginning 

balance                           186,801  157,792  157,792  114,109

Dividends paid                    -40,000  -32,000  -32,000  -16,000

Income tax paid from dividends     -4,625

Provisions from reserve capital                                    2

Balance of deferred 

income tax liability                                          15,984

Retained earnings,

closing balance                   142,176  125,792  125,792  114,095

Net profit for financial year      39,241   30,984   61,009   43,697



Total owners' equity              313,487  288,846  318,871  289,862



* - consolidated, unaudited





Ruth Roht

Public Relations Manager

+372 65 08 303