RAKVERE LIHAKOMBINAAT

BALANCE SHEET



CONSOLIDATED BALANCE SHEET 31.03.2000



Consolidated, unaudited

in thousand EEK                             31.03.2000 31.12.1999 Notes





ASSETS



Current assets

Cash and bank                                    5,729     10,152

Customer receivables                            58,192     57,749

Other current receivables                       17,917     15,106

Inventories                                    124,995    122,312

Total current assets                           206,833    205,319

Other receivables

Non-current assets

Long-term financial assets                       5,417      4,721

Tangible assets                                409,542    401,271 Note 1

Intangible assets                                3,740      4,024 Note 2

Total non-current assets                       418,699    410,016



Total assets :                                 625,532    615,335



Liabilities and owners' equity



Current liabilities

Short-term loan and lease liabilities           29,332     25,235

Accounts payable                                55,271     48,206

Other current liabilities                       22,064     30,884

Total current liabilities                      106,667    104,325



Long-term loan and lease liabilities           197,814    197,859

Total liabilities                              304,481    302,184



Minority interest                                3,403      3,004



Owners' equity

Share capital                                  377,217    377,217

Mandatory legal reserve                          1,416      1,416

Retained earnings                              -63,148    -69,751

Unrealised translation differences               2,163      1,265

Total owners' equity                           317,648    310,147



Total liabilities and owners' equity           625,532    615,335





Andrit Heidov

Communication manager

+372 32 29 211