RAKVERE LIHAKOMBINAAT

BALANCE SHEET



UNAUDITED CONSOLIDATED BALANCE SHEET, AS AT 31.12.2000



Consolidated, unaudited

in thousand EEK

                                                    31.12.00  31.12.99

ASSETS



Current assets

Cash and bank                                          3,432    10,152

Customer receivables                                  71,727    57,749

Other current receivables                             14,599    15,106

Inventories                                          128,363   122,312

Total current assets                                 218,121   205,319



Non-current assets

Long-term financial assets                             3,937     4,721

Tangible assets                                      395,589   401,271

Goodwill                                                 893         0

Total intangible assets                                3,131     4,024

Total non-current assets                             403,550   410,016



Total assets :                                       621,671   615,335



Liabilities and owners' equity



Current liabilities

Short-term loan and lease liabilities                 45,019    25,235

Accounts payable                                      45,989    48,206

Other current liabilities                             27,284    30,884

Total current liabilities                            118,292   104,325



Long-term loan and lease liabilities

Accounts payable                                     188,971   197,859

Total liabilities                                    307,263   302,184



Minority interest of off-group shareholders            3,706     3,004



Owners' equity

Share capital                                        377,217   377,217

Mandatory legal reserve                                2,629     1,416

Retained earnings                                    -69,748   -69,751

Unrealized exchange differences                          604     1,265

Total owners' equity                                 310,702   310,147



Total liabilities and owners' equity                 621,671   615,335





Rita Ukkivi

Chief Accountant





Siim Kallast

CFO

+372 32 29 231