TALLINNA KÜLMHOONE

BALANCE SHEET



AUDITED CONSOLIDATED BALANCE SHEET, AS AT 31.12.2000



Audited, consolidated

in thousand EEK



                                          31.12.00   31.12.99

ASSETS

CURRENT ASSETS

1.Cash and bank                              1,814      2,134

2.Accounts receivable                       34,515     26,724

3.Other receivables and prepayments            629      1,265

4.Inventories                               34,062     30,593

Total current assets                        71,020     60,716

Non-current assets

5.Tangible assets                          125,380    121,731

6.Intangible assets                          2,456      2,645

Total non-current assets                   127,836    124,376

Total assets                               198,856    185,092



Liabilities and owners equity

Liabilities

Current liabilities

7.Supplier payables                         37,127     26,939

8.Short-term loans and leases               29,387     24,597

Total current liabilities                   66,514     51,536

Non-current liabilities

9.Long-term loans and leases                40,190     55,740

Total non-current liabilities               40,190     55,740

Total liabilities                          106,704    107,276

Minority interest                              530        435

Owners equity

10.Share capital                            33,870     33,870

11.Capital surplus                          49,000     49,000

12.Restricted reserves                       2,086      1,086

13.Retained earnings                        -7,572    -24,130

14.Net profit for the year                  14,241     17,558

15.Treasury shares                              -3         -3

TOTAL OWNERS EQUITY                         91,622     77,381

TOTAL LIABILITIES AND OWNERS EQUITY        198,856    185,092





Evald Karu

Management Board member

+372 605 7800