NORMA

INCOME STATEMENT



PARENT COMPANY  INCOME STATEMENT Q4 AND Y2001



EEK in thousands, unaudited

                             01.10.00-   01.01.00-   01.10.00-  01.01.00-

                             31.12.01    31.12.01    31.12.00   31.12.00



Net sales		      241 107     795 120     159 502    543 324

Cost of goods sold*           186 500     577 751     110 991    339 721

Gross profit                   54 607     217 369      48 511    203 603

Marketing expenses              5 635      23 310       6 651     22 165

Administrative                  

and general expenses		6 695      21 175       7 244     20 678

Product development expenses    5 081      18 871       5 723     19 487

Bad debt provision              -5283      -1 960       7 785      2 257

Other income                      244       1 257       1 969      3 590

Other expenses                    687       2 441       1 379      3 555

Operating profit               42 036     154 788      21 698    139 051

Financial income                3 702      25 665       9 047     24 924

Financial expenses                319         616       2 763      6 526

Profit before taxes	       45 419     179 837      27 982    157 449

Provision for taxes                 0       2 199

Net profit                     45 419     177 638      27 982    157 449



Earnings per share in kroons     3.44       13.46        2.12      11.93



*Compared to the earlier presented statements in the current

report several production related expenses, such as production

planning and management, health and safety, personnel management

and material acquisition cost, are recorded as cost of good

sold instead of general and administration cost. Cost of goods

sold has increased due to that by 25 811 th. kroons in  2000.







AS Norma

Parent company income statement Q4 and Y2001

EUR in thousands, unaudited             

                             01.10.00-   01.01.00-   01.10.00-  01.01.00-

                             31.12.01    31.12.01    31.12.00   31.12.00



Net sales		       15 410      50 817      10 194     34 725

Cost of goods sold*            11 919      36 925       7 094     21 712

Gross profit                    3 490      13 892       3 100     13 013

Marketing expenses                360       1 490         425      1 417

Administrative                   

and general expenses              428       1 353         463      1 322	      

Product development expenses   	  325       1 206         366      1 245

Bad debt provision               -338        -125         498        144  

Other income                       16          80         126        229  

Other expenses                     44         156          88        227  

Operating profit                2 687       9 893       1 387      8 887  

Financial income                  237       1 640         578      1 593  

Financial expenses                 20          39         177        417  

Profit before taxes	        2 903      11 494       1 788     10 063  

Provision for taxes                 0         141           0          0  

Net profit                      2 903      11 353       1 788     10 063  

                                                                          

Earnings per share in EUR        0.22        0.86        0.14       0.76  



*Compared to the earlier presented statements in the current

report several production related expenses, such as production

planning and management, health and safety, personnel management

and material acquisition cost, are recorded as cost of good

sold instead of general and administration cost. Cost of goods

sold has increased due to that by 1 650 th. EUR in  2000.





Peep Siimon

Chairman of the Board

+372-6500-442