2000.04.24, Trigon Property Development, TLN

VIISNURK

CASH FLOW STATEMENT



CASH FLOW STATEMENT, 01.01.2000-31.03.2000



in thousand EEK

                                         Q1 2000  Q1 1999

Operating activities 

Profit before taxes                        5,942    2,295

Specified:

Accumulated depreciation for the year      2,888    2,053

Profit/loss from sale of securities         -185     -515

Loss from sale of fixed assets                21      112

Profit from sale of fixed assets                       -7

Profit from investments                               -69

Interest expenses                            669      673

Operating profit before changes            9,335    4,542

in working capital

Change in current assets                  -7,405   13,351

Change in current liabilities               -925   -7,056

Net cash flow from operating activities    1,005   10,837

Interest paid                               -631     -942

Income tax paid                                    -1,139



Net cash from operating activities           374    8,756



Investing activities

Purchase of fixed assets                  -6,609   -3,182

Disposal of fixed assets                     114      205

Purchase of securities                      -819   -4,095

Disposal of securities                       519    4,691

Interest received                                      69



Net cash used in investing activities     -6,795   -2,312



Financing activities

Repayment of borrowings                     -578    -8,72

Finance lease payments                      -158     -276

Decrease of credit line balance            8,646      523



Net cash used in financing activities      7,91    -8,473



Net change in cash                         1,489   -2,029

Cash and cash equivalents at               2,946    4,737

beginning of period

Cash and cash equivalents at               4,435    2,708

end of period





Andrus Aljas

CFO

+372 44 78 355