RAKVERE LIHAKOMBINAAT

BALANCE SHEET



CONSOLIDATED BALANCE SHEET 31.12.1999



(Thousands Estonian kroons)                31.12.99    31.12.98



A S S E T S



Current assets

Cash and bank                                10 152      10 185

Receivables from customers                   57 749      58 799

Other short-term receivables                 15 106      11 262

Inventories                                 122 312     122 780

Total current assets                        205 319     203 026



Fixed assets

Long-term financial investments               4 721       2 810

Tangible assets                             401 271     422 246

Intangible assets                             4 024       1 857

Total fixed assets                          410 016     426 913



TOTAL ASSETS                                615 335     629 939



L I A B I L I T I E S



Current liabilities

Short-term loan and lease liabilities        25 235     164 048

Liabilities to suppliers                     48 206      63 188

Other liabilities                            30 884      23 616

Total current liabilities                   104 325     250 852



Long-term liabilities                       197 859      87 105

Total liabilities                           302 184     337 957



Minority interest                             3 004       5 119



Equity

Share capital                               377 217     377 217

Reserves                                      1 416       1 416

Retained earnings                           -69 751     -90 816

Unrealised translation differences            1 265        -954

Total equity                                310 147     286 863



TOTAL LIABILITIES AND EQUITY                615 335     629 939





Andrit Heidov

Communication manager

232 29 211