NORMA

BALANCE SHEET



CONSOLIDATED BALANCE SHEET AS OF 30.06.01



EEK in thousands, unaudited



Assets                                30.06.01  31.12.00    

                                        

Current assets                                  

  Cash and bank accounts                26 694    58 637

  Markstable securities                 92 455    88 300

  Accounts receivable                  169 040   118 389

  Allowance for doubtful receivables   -20 434   -20 905

  Other recevables and prepayments      89 319    91 117

  Inventiries                           74 618    65 699

Total current assets                   431 692   401 237

Non-current assets                                     

  Long-term financial assets             1 253     1 253

  Property, plant and equipment        183 469   163 263

  Intangible assets                      1 890     2 363

Total non-current assets               186 612   166 879

Total assets                           618 304   568 116

                                                       

Liabilities and shareholders´ equity

                  

Liabilities                                            

Current liabilities                                    

  Accounts payable and accrued          

expenses                                93 674    64 979

Total current liabilities               93 674    64 979

Total liabilities                       93 674    64 979

Owners` equity                                         

  Share capital (par value)            132 000   132 000

  Retained earning and reserves        305 137   213 688

  Net profit                            87 493   157 449

Total owners´ equity                   524 630   503 137

Total liabilities and owners´ equity   618 304   568 116





Peep Siimon

Chairman of the Board

+372 6500 442