24.10.2000, Trigon Property Development, TLN

VIISNURK

BALANCE SHEET



BALANCE SHEET, AS AT 30.09.2000



EEK thousand                       30.09.00    31.12.99



CURRENT ASSETS

Cash and bank                         6,472       2,946

Marketable securities                 4,008         261

Customer receivables                 40,188      34,906

Other receivables                       135          81

Prepaid expenses                     10,758       5,483

Inventories                          65,738      48,583

TOTAL CURRENT ASSETS                127,299       92,26



NON-CURRENT ASSETS

Long-term financial assets              605         605

Tangible assets                      131,09      85,913

Intangible assets                       714         993

TOTAL NON-CURRENT ASSETS            132,409      87,511



TOTAL ASSETS                        259,708     179,771





CURRENT LIABILITIES

Debt obligations                        466       6,565

Customer prepayments                    527         453

Supplier payables                    14,57       22,417

Tax liabilities                       5,798       4,248

Accrued expenses                      8,032       7,784

TOTAL CURRENT LIABILITIES            29,393      41,467



Long-term borrowings                 94,626      26,639

TOTAL NON-CURRENT LIABILITIES        94,626      26,639



OWNERS' EQUITY

Share capital in nominal value        44,99       44,99

Capital surplus                      11,332      11,332

Mandatory legal reserve               2,834       1,514

Retained earnings                    52,509      27,617

Net profit for the year              24,024      26,212

TOTAL OWNERS' EQUITY                135,689     111,665



TOTAL LIABILITIES AND               259,708     179,771

OWNERS' EQUITY





Andrus Aljas

CFO

+372 44 78 355