HARJU ELEKTER

BALANCE SHEET



CONSOLIDATED BALANCE SHEET, AS AT 30.09.2001



Consolidated, unaudited

in thousand EEK                       Group             Parent company

                                      30.09.01 31.12.00 30.09.01 31.12.00

ASSETS

Cash, bank                                5 684    8 142    5 435    8 119

Marketable securities                       402      402      402      402

Total customer receivables               17 683   15 868   14 732   11 477

Other current receivables                 2 496    2 484    4 762    7 129

Accrued income                                0       34        0       34

Prepaid expenses                          1 466    1 540      939    1 223

Total current receivables                21 645   19 926   20 433   19 863

Raw materials and inventories            23 167   19 462   14 653   12 341

Goods                                     4 150    3 331    4 091    3 295

Prepayments to suppliers                     15        8       15        0

Total inventories                        27 333   22 801   18 759   15 635

TOTAL CURRENT ASSETS                     55 064   51 272   45 029   44 019

Stock and shares in subsidiaries              0        0    9 405    7 629

Other receivables from subsidiaries           0        0       53       53

Stock and shares in associated comp.     21 319   19 399   21 319   19 399

Other shares                              3 959    3 997    3 959    3 997

Other long-term receivables                 522      522      522      522

Total financial investments              25 801   23 918   35 259   31 600

Plant and equipment                      74 992   72 905   74 848   72 799

Other equipment and fixtures             41 780   37 594   25 406   23 200

Other inventory                           3 747    3 371    2 686    2 625

Accumulated depreciation                -29 977  -24 407  -26 090  -21 733

Total tangible assets                    90 543   89 462   76 850   76 892

Licences                                    337      421      337      421

Goodwill                                    136      208        0        0

Total intangible assets                     473      629      337      421

TOTAL NON-CURRENT ASSETS                116 817  114 010  112 446  108 913

TOTAL ASSETS                            171 880  165 282  157 475  152 932

LIABILITIES AND OWNERS' EQUITY

Debt obligations                          7 949   11 182    3 267    7 688

Customer prepayments                        196      326      196      326

Supplier payables                        13 730   11 793   12 551   10 124

Other short-term borrowings                 717      381      707      621

Tax liabilities                           3 850    5 731    3 519    5 315

Accrued expenses                          3 716    6 317    3 225    5 592

TOTAL CURRENT LIABILITIES                30 159   35 730   23 465   29 665

TOTAL NON-CURRENT LIABILITIES            19 328   17 902   11 616   11 616

TOTAL LIABILITIES                        49 487   53 631   35 081   41 281

Share capital                            54 000   54 000   54 000   54 000

Restricted reserves                       6 510    3 610    6 510    3 610

Retained earnings                        44 162   24 864   44 162   24 864

Net profit for the year                  17 722   29 176   17 722   29 176

TOTAL OWNERS' EQUITY                    122 394  111 650  122 394  111 650

TOTAL LIABILITIES AND OWNERS' EQUITY    171 880  165 282  157 475  152 932







Karin Padjus

Chief accountant

67 47 403





Lembit Libe

economic agent

67 47 412