SAKU ÕLLETEHAS

BALANCE SHEET



CONSOLIDATED BALANCE SHEET AS OF 31.12.2000



consolidated, audited

in kroons                   

			       Group       Group      Parent      Parent

                                        adjusted*    company     company

                                                                adjusted*

                          31.12.2000  31.12.1999  31.12.2000  31.12.1999 



ASSETS                                                   

Current Assets                                                   

Cash and bank accounts    11,187,250  28,175,604  11,142,250  28,134,130

                       

Shares and other           3,932,237   5,021,073   3,932,237   5,021,073

securities                                    

  

Customer receivables      31,591,532  32,191,690  31,479,945  31,864,061

                                

Miscellaneous receivables  3,366,932  29,624,078   3,516,932  29,870,682

and prepaid expenses                   

                                              

Inventories               88,173,510  61,353,807  88,173,510  61,353,807

                                     

Total current assets     138,251,461 156,366,252 138,244,874 156,243,753

                                 



Fixed assets                                                     



Long-term financial       10,550,000      71,000  10,650,000     171,000

investments              

  

Long-term receivables        508,992                 404,589          

  

Intangible assets             86,676                  86,676          



Tangible assets          234,910,500 194,736,414 234,910,500 194,736,414

                            

Total fixed assets       246,056,168 194,807,414 246,051,765 194,907,414

                                    

TOTAL ASSETS             384,307,629 351,173,666 384,296,639 351,151,167 

                                   

                                                                

LIABILITIES                                                      

Current Liabilities                                              

  

Loan payables              1,456,933     994,729   1,456,933     994,729

                                                       

Supplier payables         15,376,328  15,509,565  15,376,328  15,509,565

                                    

Payables to the group and  4,443,155   1,239,689   4,443,155   1,239,689

the parent company                                    



Tax payables               6,439,943   7,816,528   6,439,943   7,816,528

                                                      

Salary-related accrued     3,732,408   5,416,239   3,732,408   5,416,239

expenses                                             



Other liabilities          1,187,218     611,940   1,176,228     589,441

                                                        

Total current liabilities 32,635,985  31,588,690  32,624,995  31,566,191

                                     





Long-term liabilities                                            



Non-convertible loan       3,522,661     766,180   3,522,661     766,180

payables                                              

                                                        



Owners' Equity                                                   



Share capital             80,000,000  80,000,000  80,000,000  80,000,000

                                    

Mandatory reserves         8,000,000   8,000,000   8,000,000   8,000,000

                                                       

Other reserves            44,069,965  44,069,965  44,069,965  44,069,965

                                    

Retained earnings        142,123,983 125,791,294 142,123,983 125,905,518

                                   

Net profit for the        73,955,035  60,957,537  73,955,035  60,843,313

period                             



Total owners' equity     348,148,983 318,818,796 318,148,983 318,818,796

                                   

                                                   

TOTAL LIABILITIES AND                             

OWNERS' EQUITY           384,307,629 351,173,666 348,296,639 351,151,167  

                                

  

*Adjustment  of  the data reflects the changes in accounting policies  

after reclassification of some of the operating lease agreements as 

finance lease agreements.





Ruth Roht

Public Relations Manager

+372 6 508 303