SAKU ÕLLETEHAS

BALANCE SHEET



PARENT COMPANY BALANCE SHEET, AS OF 30.09.2000



in thousand EEK

                                     Parent**    Parent   Parent**     Parent

                                                         corrected  corrected

                                     30.09.00  31.12.99   30.09.99   31.12.98

ASSETS



Cash and bank                           7,653    28,134     39,058     23,560

Marketable securities                   3,952     5,021      6,763

Customer receivables                   27,390    31,864     24,544     23,876

Other receivables and

prepayments                            10,460    29,871     18,559     36,798

Inventories                            85,926    61,354     64,481     56,305

TOTAL CURRENT ASSETS                  135,381   156,244    153,405    140,539



NON-CURRENT ASSETS

Long-term financial assets              5,374       171      1,504      3,957

Long-term receivables                     718

Intangible assets                         176

Tangible assets                       229,129   193,027    192,498    172,802

TOTAL NON-CURRENT ASSETS              235,397   193,198    194,002    176,759



TOTAL ASSETS                          370,778   349,442    347,407    317,298



LIABILITIES AND OWNERS' EQUITY



CURRENT LIABILITIES

Supplier payables                      18,938    15,510     11,781      8,600

Payables to parent company                        1,240      1,446      1,169

Tax liabilities                         5,538     7,815      9,948     12,782

Salary-related accrued expenses         3,609     5,416      4,331      4,199

Other accrued expenses                  5,067       590      8,871        572

TOTAL CURRENT LIABILITIES              33,152    30,571     36,377     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                     142,176   125,906    125,906    114,209

Net profit for the year                63,380    60,895     53,054     43,697

TOTAL OWNERS' EQUITY                  337,626   318,871    311,030    289,976



TOTAL LIABILITIES AND OWNERS' EQUITY  370,778   349,442    347,407    317,298



** - unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303