2001.10.23, Trigon Property Development, TLN

VIISNURK

BALANCE SHEET



CONSOLIDATED BALANCE SHEET, 30.09.01



Unaudited

in thousand EEK                           30.09.01 31.12.00



Cash and bank                                  569    4,908

Marketable securities                            0        0

Customer receivables                        49,702   51,229

Other receivables                            2,378      378

Prepaid expenses                             6,161   18,331

Inventories                                 90,877   58,682

TOTAL CURRENT ASSETS                       149,687  133,528



Long-term financial assets                     606      606

Tangible assets                            212,506  197,121

Intangible assets                              356      623

TOTAL NON-CURRENT ASSETS                   213,468  198,350



TOTAL ASSETS                               363,155  331,878





Debt obligations                            26,057    9,929

Customer prepayments                           376      111

Supplier payables                           33,820   41,278

Tax liabilities                              5,302    6,574

Accrued expenses                             9,317   10,250

TOTAL CURRENT LIABILITIES                   74,872   68,142



Long-term borrowings                       121,315  120,443

TOTAL NON-CURRENT LIABILITIES              121,315  120,443



Share capital in nominal value              44,990   44,990

Capital surplus                             11,332   11,332

Mandatory legal reserve                      4,499    2,834

Retained earnings                           82,472   52,509

Net profit for the year                     23,675   31,628

TOTAL OWNERS' EQUITY                       166,968  143,293



TOTAL LIABILITIES AND OWNERS' EQUITY       363,155  331,878





Andrus Aljas

CFO

+372 44 78 355