VIISNURK

BALANCE SHEET



CONSOLIDATED BALANCE SHEET 31.12.99



Unaudited

in EEK



ASSETS

                                                 31.12.99     31.12.98

CURRENT ASSETS

Cash and bank                                   2 946 322    4 736 585

Marketable securities                             261 300      342 837

Customer receivables                           34 906 046   38 065 349

Other receivables                                  81 366      288 830

Prepaid expenses                                5 482 882    1 447 728

Inventories                                    48 582 993   45 625 970



TOTAL CURRENT ASSETS                           92 260 909   90 507 299



Long-term financial assets                        605 440      605 440

Tangible assets                                85 912 441   66 034 895

Intangible assets                                 992 670      594 442

TOTAL NON-CURRENT ASSETS                       87 510 551   67 234 777



TOTAL ASSETS                                  179 771 460  157 742 076





Debt obligations                                6 565 409   17 367 076

Customer prepayments                              453 131       77 704

Supplier payables                              22 417 164   18 088 639

Tax liabilities                                 4 248 070    2 958 464

Accrued expenses                                7 784 024    6 287 234



TOTAL CURRENT LIABILITIES                      41 467 798   44 779 117



Long-term borrowings                           26 638 474   21 841 515

Potential income tax liability                          0    2 859 137

TOTAL NON-CURRENT LIABILITIES                  26 638 474   24 700 652



MINORITY INTEREST                                       0    2 808 994



Share capital in nominal value                 44 990 610   44 990 610

Capital surplus                                11 331 780   11 331 780

Mandatory legal reserve                         1 513 860      633 860

Retained earnings                              27 617 063   10 908 050

Net profit for the year                        26 211 875   17 589 013

TOTAL OWNERS' EQUITY                          111 665 188   85 453 313



TOTAL LIABILITIES AND OWNERS' EQUITY          179 771 460  157 742 076





Andrus Aljas

Financial director

+372 44 78 355