EESTI TELEKOM

BALANCE SHEET



ESTONIAN TELECOM, UNAUDITED BALANCE SHEET OF 2000



ESTONIAN TELECOM AND SUBSIDIARY COMPANIES

BALANCE SHEET (Unaudited)



Financial statements are prepared in thousands of kroons

                                           

                                     2000        1999

A S S E T S                                

Non-current assets                         

Property, plant and             3,234,123   2,934,647

equipment

Goodwill                           24,997      24,171

License, patents and               40,806      45,487

trademarks

Development costs                       0         267

Investments in subsidiaries        19,989       2,760

and associates

Other investments                   9,071         888

Other non-current assets            2,293       2,645

                                3,331,280   3,010,865

Current assets                             

Inventories                       149,180     141,656

Trade and other receivables       530,995     501,791

Cash and cash equivalents         609,743     485,318

                                1,289,918   1,128,765

                                           

Total assets                    4,621,198   4,139,630

                                           

EQUITY  AND  LIABILITIES                        

Capital and reserves                       

Issued capital                  1,373,833   1,373,833

Reserves                          434,927     366,815

Accumulated profits             1,783,040   1,279,120

                                3,591,800   3,019,768

Minority interest                          

Subsidiary companies                8,193       7,227

                                           

Non-current liabilities                    

Interest - bearing loans and      200,978     523,831

borrowings

Current liabilities                        

Trade and other payables          658,829     511,968

Interest - bearing loans and      161,398      76,836

borrowings

                                  820,227     588,804

                                           

Total equity and liabilities    4,621,198   4,139,630





Hille Võrk

Financial Manager

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