NORMA

BALANCE SHEET



CONSOLIDATED BALANCE SHEET 06/00



Thousands  of kroons



Assets                                  30.06.00   31.12.99

Current assets                                    

  Cash and bank accounts                 101 130     91 192

  Markstable securities                   85 652     58 143

  Accounts recevable                     122 910    130 169

  Allowance for doubtful receivables     -16 399    -19 690

  Other recevables and prepayments         7 636     10 904

  Inventiries                             54 863     54 685

Total current assets                     355 792    325 403

Non-current assets                                         

  Long-term financial assets               3 103      3 174

  Property, plant and equipment          151 123    156 902

  Intangible assets                        1 793      3 310

Total non-current assets                 156 019    163 386

Total assets                             511 811    488 789

                                                           

Liabilities  and  shareholders´  equity

Liabilities                                                

Current liabilities                                        

  Accounts payable abd accrued expenses   41 817     50 173

  Short-term loans                        13 320     26 656

Total current liabilities                 55 137     76 829

Long-term liabilities                                      

  Non-current loans                       26 672     26 672

Total non-current liabilities             26 672     26 672

Total liabilities                         81 809    103 501

Owners` equity                                             

  Share capital (par value)              132 000    132 000

  Retained earning and reserves          213 688    145 700

  Net profit                              84 314    107 588

Total owners´ equity                     430 002    385 288

Total liabilities and owners´ equity     511 811    488 789





Peep Siimon

Chairman of the Board

6500-442