24.04.2000, Trigon Property Development, TLN

VIISNURK

BALANCE SHEET



BALANCE SHEET, 31.03.2000



in thousand EEK                      31.03.00  31.12.99  31.03.99



CURRENT ASSETS

Cash and bank                           4,435     2,946     2,708

Marketable securities                     746       261       261

Customer receivables                   30,264    34,906    20,343

Other receivables                         395        81       634

Prepaid expenses                        5,86      5,483     2,403

Inventories

Raw materials                          19,429    14,426    12,067

Work-in-progress                       14,278    14,485    14,878

Finished goods                         17,988    12,641    17,731

Merchandise purchased for resale        6,078     5,363     3,232

Prepayments to suppliers                2,166     1,668     2,011

Total                                  59,939    48,583    49,919



TOTAL CURRENT ASSETS                  101,639    92,26     76,268



NON-CURRENT ASSETS

Long-term financial assets                605       605       605

Tangible assets

Plant and equipment                    42,645    40,884    39,673

Other equipment and fixtures           76,709    72,322    60,43

Other inventories                       5,626     5,517     4,398

Accumulated depreciation (-)          -51,833   -49,253   -44,019

Fixed assets under construction        16,451    16,443     6,282

Total                                  89,598    85,913    66,764

Intangible assets                         894       993       578



TOTAL NON-CURRENT ASSETS               91,097    87,511    67,947



TOTAL ASSETS                          192,736   179,771   144,215



CURRENT LIABILITIES

Debt obligations                       14,475     6,565     8,865

Customer prepayments                      193       453       111

Supplier payables                      21,595    22,417    12,129

Tax liabilities                         3,852     4,248     3,652

Accrued expenses                        8,375     7,784     4,275



TOTAL CURRENT LIABILITIES              48,49     41,467    29,032



NON-CURRENT LIABILITIES

Long-term borrowings                   26,246    26,246    21,535

Other long-term debt                      393       393       307

Potential income tax liability              0         0     2,859



TOTAL NON-CURRENT LIABILITIES          26,639    26,639    24,701



TOTAL LIABILITIES                      75,129    68,106    53,733



MINORITY INTEREST                           0         0     2,851



OWNERS' EQUITY

Share capital in nominal value         44,99     44,99     44,99

Capital surplus                        11,332    11,332    11,332

Mandatory legal reserve                 2,834     1,514     1,514

Retained earnings                      52,509    27,617    27,617

Net profit for the year                 5,942    26,212     2,178



TOTAL OWNERS' EQUITY                  117,607   111,665    87,631



TOTAL LIABILITIES AND OWNERS' EQUITY  192,736   179,771   144,215





Andrus Aljas

CFO

+372 44 78 355