14.02.2001, Trigon Property Development, TLN

VIISNURK

BALANCE SHEET



CONSOLIDATED AUDITED BALANCE SHEET AS OF 31.12.2000



In kroons

                                            2000           1999



Cash and bank                          4 908 087      2 946 322

Shares and other securities                    0        261 300

Customer receivables                  51 229 471     34 906 046

Other receivables                        377 779         81 366

Prepaid expenses                      18 331 277      5 482 882

Inventories                           58 681 669     48 582 993

TOTAL CURRENT ASSETS                 133 528 283     92 260 909



Long-term financial investments          606 040        605 440

Tangible assets                      197 120 410     85 912 441

Intangible assets                        623 151        992 670

TOTAL NON-CURRENT ASSETS             198 349 601     87 510 551



TOTAL ASSETS                         331 877 884    179 771 460





Debt obligations                       9 928 861      6 565 409

Customer prepayments                     110 869        453 131

Supplier payables                     41 277 690     22 417 164

Taxes payable                          6 574 296      4 248 070

Accrued expenses                      10 250 224      7 784 024

TOTAL CURRENT LIABILITIES             68 141 940     41 467 798



Long-term liabilities                120 442 660     26 638 474

TOTAL NON-CURRENT LIABILITIES        120 442 660     26 638 474



Share capital at par value            44 990 610     44 990 610

Share premium                         11 331 780     11 331 780

Mandatory capital reserve              2 833 860      1 513 860

Retained earnings                     52 508 938     27 617 063

Net profit for the financial year     31 628 096     26 211 875

TOTAL EQUITY                         143 293 284    111 665 188



TOTAL LIABILITIES AND EQUITY         331 877 884    179 771 460





Andrus Aljas

CFO

+37244 78355