HARJU ELEKTER

BALANCE SHEET



CONSOLIDATED BALANCE SHEET, AS AT 30.09.2000



Consolidated, unaudited

in EEK thousand

					      Group 	    Parent				       

					30.09.00 30.09.99 30.09.00 30.09.99

ASSETS

Cash and bank  		   		   8,323  12,695   7,477  12,034

Marketable securities			     620     485     620     485

Total customer receivables		  21,804  11,482  13,335  10,212

Other current receivables 		   1,728     702   6,350   1,226

Accrued income 				       0      59       0      59

Prepaid expenses     			   2,067   2,197   1,502   2,107

Total current receivables		  25,600  14,440 211,817  13,604

Inventories   				  18,877  14,847  14,282  12,551

Goods 					   3,447   3,781   3,348   3,563

Prepayments to suppliers		       8     950       8     950

Total inventories  			  22,331  19,578  17,638  17,063

TOTAL CURRENT ASSETS			  56,874  47,197  46,922  43,186

Stock and shares in subsidiaries	       0       0   6,827   4,530

Other receivables from subsidiaries	       0       0     252     434

Stock and shares in associated companies  17,009  17,787  17,009  17,787

Other shares   				   1,554   1,554   1,554   1,554

Other long-term receivables 		     593     465     593     465

Total financial investments  		  19,157  19,806  26,236  24,770

Land and buildings			  64,579  41,375  64,457  41,375

Plant and equipment  			  37,826  26,719  23,439  21,244

Other inventory 			   3,214   1,985   2,568   1,676

Accumulated depreciation  		 -23,106 -17,905 -20,794 -16,516

Unrealized capital investments  	   6,638  11,656   6,638  11,673

Prepayments for fixed assets 		       4     564       4     564

Total tangible assets 			  89,155  64,396  76,313  60,015

Goodwill				     232     329       0       0

Licences				     449       0     449       0

Total intangible assets  		     681     329     449       0

TOTAL NON-CURRENT ASSETS 		 108,993  84,530 102,997  84,785

TOTAL ASSETS 		 		 165,867 131,727 149,919 127,970

				

LIABILITIES AND OWNERS' EQUITY

Debt obligations			   6,956   2,061   3,202   1,904

Customer prepayments 			     876     992     876     938

Supplier payables			  17,185   8,436  14,089   7,500

Other short-term borrowings 		     525      51     823      51

Tax liabilities 			   4,239   5,670   3,743   5,328

Accrued expenses  			   4,417   3,856   3,710   3,506

TOTAL CURRENT LIABILITIES 		  34,198  21,066  26,443  19,227

TOTAL NON-CURRENT LIABILITIES 		  26,823  30,683  18,630  28,765

TOTAL LIABILITIES			  61,021  51,749  45,074  47,992

Share capital				  54,000  18,000  54,000  18,000

Restricted reserves			   3,610   3,610   3,610   3,610

Retained earnings 			  24,864  44,169  24,864  44,169

Net profit for the year 		  22,372  14,199  22,372  14,199

TOTAL OWNERS' EQUITY 			 104,846  79,978 104,846  79,978

TOTAL LIABILITIES AND OWNERS' EQUITY 	 165,867 131,727 149,919 127,970

				

				

Karin Padjus				

Chief Accountant

+372 67 47 403





Lembit Libe

chief economist

+372 67 47 412