RAKVERE LIHAKOMBINAAT

BALANCE SHEET



CONSOLIDATED BALANCE SHEET, AS AT 30.09.2000



Consolidated, unaudited

in thousand EEK

                                            30.09.00 31.12.99

ASSETS



Current assets

Cash and bank                                 11,388   10,152

Customer receivables                          64,538   57,749

Other current receivables                     12,257   15,106

Inventories                                  129,357  122,312

Total current assets                         217,540  205,319



Non-current assets

Long-term financial assets                     4,691    4,721

Tangible assets                              416,641  401,271

Intangible assets                              4,576    4,024

Total non-current assets                     425,908  410,016



Total assets :                               643,448  615,335



Liabilities and owners' equity



Current liabilities

Short-term loan and lease liabilities         51,524   25,235

Accounts payable                              54,477   48,206

Other current liabilities                    135,273   30,884

Total current liabilities                    241,274  104,325



Long-term loan and lease liabilities          82,901  197,859

Total liabilities                            324,175  302,184



Minority interest of off-group shareholders    4,407    3,004



Owners' equity

Share capital                                377,217  377,217

Mandatory legal reserve                        2,629    1,416

Retained earnings                            -67,841  -69,751

Unrealized exchange differences                2,861    1,265

Total owners' equity                         314,866  310,147



Total liabilities and owners' equity         643,448  615,335





Rita Ukkivi

Chief Accountant

+372 32 29 218