KLEMENTI

BALANCE SHEET



CONSOLIDATED BALANCE SHEET, AS AT 30.09.2000



Consolidated, unaudited

in thousand EEK



ASSETS                                       30.09.2000  31.12.1999



CURRENT ASSETS

1.Cash and bank                                   4,614       4,458

2.Customer receivables                           18,482      10,365

3.Other receivables and accrued income            4,428       1,752

4.Prepaid expenses                                1,443       1,461

5.Inventories                                    25,602      25,258

5.1.Raw materials                                 4,410       4,893

5.2.Work-in-progress                              4,359       6,405

5.3.Finished goods                               16,038      12,848

5.4.Merchandise purchased for resale              1,071         695

5.5.Prepayments to suppliers                        440         417

5.6.Reserve for revaluation

and write-off of inventories                       -716           0

TOTAL CURRENT ASSETS                             54,569      43,294

NON-CURRENT ASSETS

6.Long-term financial assets                      2,212          52

7.Tangible assets                                43,957      34,244

7.1.Land and buildings                           29,234      28,640

7.2.Plant and equipment                          22,032      16,713

7.3.Other inventory                               5,703       5,343

7.4.Accumulated depreciation                    -18,537     -16,832

7.5.Fixed assets under construction               5,511         380

7.6.Prepayments for tangible assets                  14           0

8.Intangible assets                               1,712       1,371

Total non-current assets                         47,881      35,667

TOTAL ASSETS                                    102,450      78,961



LIABILITIES AND OWNERS' EQUITY

Current liabilities

9.Debt obligations

10.Customer prepayments                          26,877      16,717

for goods and services                                0          27

11.Supplier payables                              1,824       4,426

12.Tax liabilities                                3,040       4,582

13.Accrued expenses                               3,814       2,957

14.Other prepaid revenue                             12           0

Total current liabilities                        35,567      28,709

Non-current liabilities

15.Long-term debt obligations                    21,548      13,116

16.Other long-term payables                           0       2,450

Total non-current liabilities                    21,548      15,566

Total liabilities                                57,115      44,275



OWNERS' EQUITY

18.Share capital                                 35,250      24,250

19.Capital surplus                                3,774       3,774

20.Revaluation reserve                              816         816

21.Other restricted reserves                        863         863

22.Retained earnings                              5,065       7,778

23.Net loss for the period                         -433      -2,795

Total owners' equity                             45,335      34,686

TOTAL LIABILITIES AND OWNERS' EQUITY            102,450      78,961





Madis Võõras

Management Board Chairman

+372 6 710 700