NORMA

BALANCE SHEET



PARENT COMPANY BALANCE SHEET AS OF 31.12.00



EEK in thousands,unaudited

A s s e t s                                 31.12.2000   31.12.1999



Current Assets

  Cash and Bank Accounts                        54 903       89 129

  Marketable Securities                         88 300       58 143

  Accounts Receivable                          126 800      118 837

  Allowance for Doubtful Rreceivable           -16 395      -14 491

  Other Receivables and Prepayments             90 155       10 617

  Inventories                                   59 332       49 578

Total Current Assets                           403 095      311 813

Non-current Assets

  Long-term Financial Assets                    73 430       90 360

  Property, Plant and Equipment                 97 281       91 937

  Intangible Assets                              1 271          870

Total Non-current Assets                       171 982      176 812

Total Assets                                   575 077      494 980



L i a b i l i t i e s  and  S h a r e h o l d e r s  E q u i t y

Liabilities

Current Liabilities

  Accounts Payable and Accrued Expenses         71 940       56 041

  Short-term Loans                                   0       26 656

Total Current Liabilities                       71 940       82 697

Long-term Liabilities

  Non-current Loans                                  0       26 672

Total Non-current Liabilities                        0       26 672

Total liabilities                               71 940      109 369

Owners` Equity

  Share Capital (par value)                    132 000      132 000

  Retained Earnings and Reserves               213 688      146 023

  Net Profit                                   157 449      107 588

Total Owners' Equity                           503 137      385 611

Total Liabilities and Owners' Equity           575 077      494 980





Peep Siimon

Chairman of the Board

+372-6500-442