KLEMENTI

BALANCE SHEET



BALANCE SHEET, AS AT 30.09.2001



Consolidated, unaudited

in thousand EEK



ASSETS                                    30.09.01 31.12.00

CURRENT ASSETS

1.Cash and bank                              4,887    3,064

2.Customer receivables                      21,558   14,349

3.Other receivables and                        878    1,621

accrued income

4.Prepaid expenses                           1,250    1,114

5.Inventories                               39,443   25,727

5.1.Raw materials                            6,633    5,071

5.2.Work-in-progress                         5,591    5,673

5.3.Finished goods                          21,292   13,708

5.4.Merchandise purchased for resale         5,816      842

5.5.Prepayments to suppliers                   111      433

TOTAL CURRENT ASSETS                        68,016   45,875

NON-CURRENT ASSETS

6.Long-term financial assets                 2,837    2,801

7.Tangible assets                           48,987   47,630

7.1.Land and buildings                      37,306   35,928

7.2.Plant and equipment                     24,796   23,561

7.3.Other inventory                          8,560    7,191

7.4.Accumulated depreciation               -23,110  -19,690

7.5.Fixed assets under construction          1,241      640

7.6.Prepayments for tangible assets            194        0

8.Intangible assets                            755      969

Total non-current assets                    52,579   51,400

TOTAL ASSETS                               120,595   97,275



LIABILITIES AND OWNERS' EQUITY

LIABILITIES

CURRENT LIABILITIES

9.Debt obligations                          37,420   21,646

10.Customer prepayments                          4        0

11.Supplier payables                         7,311    5,138

12.Other payables                            1,544        0

13.Tax liabilities                           4,662    2,581

14.Accrued expenses                          3,621    2,869

15.Other prepaid revenue                        12       12

16.Current provisions                            3        0

Total current liabilities                   54,577   32,246

Non-current liabilities

17.Long-term debt obligations               18,787   17,996

18.Non-current provisions                       68       68

Total non-current liabilities               18,855   18,064

TOTAL LIABILITIES                           73,432   50,310



OWNERS' EQUITY

19.Share capital                            35,250   35,250

20.Capital surplus                           3,774    3,774

21.Revaluation reserve                         816      816

22.Other restricted reserves                   923      863

23.Retained earnings                         6,202    4,983

24.Net loss for the period                     198    1,279

Total owners' equity                        47,163   46,965

TOTAL LIABILITIES AND OWNERS' EQUITY       120,595   97,275





Airi Kamratov

Chief Accountant

+372 6 710 700