SAKU ÕLLETEHAS

BALANCE SHEET



GROUP BALANCE SHEET, AS OF 30.09.2000



(in thousand EEK)

                                          Group*     Group     Group*     Group

                                                            corrected  corrected

                                      30.09.2000 31.12.1999 30.09.199931.12.1998

ASSETS



Cash and bank (appendix 2)                 7,671    28,176     39,341    25,329

Marketable securities

(appendix 3)                               3,952     5,021      6,763

Customer receivables (appendix 4)         27,352    32,191     24,621    25,022

Other receivables

prepayments (appendix 5)                  10,460    29,624     18,562    34,218

Inventories (appendix 6)                  85,926    61,354     64,481    56,576

TOTAL CURRENT ASSETS                     135,361   156,366    153,768   141,145



NON-CURRENT ASSETS

Total long-term financial assets

(appendix 7)                               5,274        71      1,082     3,543

Long-term receivables (appendix 8)           844

Intangible assets (appendix 9)               176

Tangible assets (appendix 9)             229,129   193,027    192,498   172,802

TOTAL NON-CURRENT ASSETS                 235,423   193,098    193,580   176,345



TOTAL ASSETS                             370,784   349,464    347,348   317,490



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 (appendix 10)              5,538     7,815      9,948    13,022

Salary-related accrued expenses            3,609     5,416      4,331     4,221

Other accrued expenses                     5,073       612      8,926       616

TOTAL CURRENT LIABILITIES                 33,158    30,593     36,432    27,628



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   125,792    125,792   114,095

Net profit for the year                   63,380    61,009     53,054    43,697

TOTAL OWNERS' EQUITY                     337,626   318,871    310,916   289,862



TOTAL LIABILITIES AND OWNERS' EQUITY     370,784   349,464    347,348   317,490



* - consolidated, unaudited





Ruth Roht

Public Relations Manager

+372 6 508 303