HARJU ELEKTER

REPORT



CONSOLIDATED BALANCE SHEET 31.03.2000



Consolidated, unaudited

in thousand EEK				

					     Group	     Parent	

				       31.03.00 31.03.99 31.03.00 31.03.99

ASSETS				

Cash, bank, securities			 13 270	  7 369	  9 008	  7 300

Total customer receivables		 12 668	 12 766	  9 899	 10 736

Other receivables			  1 531	  5 505	  3 045	  6 408

Accrued income				      0	      3	      0	      3

Prepaid expenses			  3 386	    710	  2 776	    699

Total current receivables		 17 585	 18 984	 15 720	 17 846

Raw materials and inventories		 17 186	 16 353	 13 195	 14 369

Goods					  3 753	  3 251	  3 539	  3 090

Total inventories			 20 939	 19 604	 16 734	 17 459

TOTAL CURRENT ASSETS			 51 794	 45 957	 41 462	 42 605

Stock and shares in subsidiaries	      0	      0	  5 120	  3 259

Other receivables from subsidiaries           0	      0	    256	    465

Stock and shares in associated companies 18 085	 16 488	 18 085	 16 488

Other shares				  1 554	  1 554	  1 554	  1 554

Other long-term receivables		    430	    465	    429	    434

Total financial investments		 20 069	 18 507	 25 444	 22 200

Plant and equipment			 60 378	 37 200	 60 378	 37 200

Other equipment and fixtures		 29 353	 25 410	 23 387	 20 019

Other inventory				  2 709	  1 707	  2 210	  1 434

Accumulated depreciation		-20 133	-15 520	-18 504	-14 414

Unrealized capital investments		  3 294	  3 392	  3 294	  2 828

Prepayments for fixed assets		  2 299	      0	      0	    564

Total tangible assets			 77 901	 52 189	 70 767	 47 631

Goodwill				    280	    377	      0	      0

Licenses				    505	      0	    505	      0

Total intangible assets	 		    785	    377	    505	      0

TOTAL NON-CURRENT ASSETS		 98 755	 71 073	 96 716	 69 831

TOTAL ASSETS				150 549	117 030	138 177	112 436

				

LIABILITIES AND OWNERS' EQUITY				

Debentures				    433	    520	      0	      0

Repayment of long-term loans  		  6 257	  3 936	  6 257	  3 936

Short-term loans from banks		  1 595	  1 873	    907	  1 573

Customer prepayments			     28	     21	     28	     20

Supplier payables			 11 341	  8 074	  9 311	  6 913

Other short-term borrowings		    929	  3 865	    958	  3 865

Tax liabilities				  4 310	  3 945	  3 929	  3 731

Accrued expenses			  5 965	  4 780	  5 213	  4 300

TOTAL CURRENT LIABILITIES		 30 858	 27 014	 26 602	 24 338

Non-convertible debt			    748	  1 362	      0	      0

Long-term bank loan			 25 913	 15 744	 18 544	 15 744

Deferred income tax liability		      0	  3 051	      0	  2 495

TOTAL NON-CURRENT LIABILITIES		 26 661	 20 157	 18 544	 18 239

TOTAL LIABILITIES 			 57 518	 47 171	 45 147	 42 577

Share capital				 18 000	 18 000	 18 000	 18 000

Restricted reserves			  3 610	  3 610	  3 610	  3 610

Retained earnings			 66 264	 44 169	 66 264	 44 169

Net profit for the year	 		  5 157	  4 080	  5 157	  4 080

TOTAL OWNERS' EQUITY	 		 93 031	 69 859	 93 031	 69 859

TOTAL LIABILITIES AND OWNERS' EQUITY	150 550	117 030	138 178	112 436

				

				

Karin Padjus				

Chief Accountant

+372 67 47 403





Lembit Libe

Chief Economist

+372 67 47 412