24.04.2001, Trigon Property Development, TLN

VIISNURK

BALANCE SHEET



BALANCE SHEET, AS AT 31.03.2001



unaudited

In thousands of kroons                31.03.01     31.12.00



Cash and bank                            1 084        4 908

Shares and other securities                  0            0

Custormer receivables                   29 202       51 229

Other receivables                        2 137          378

Prepaid expenses                         6 434       18 331

Inventories                             78 095       58 682

TOTAL CURRENT ASSETS                   116 952      133 528



Long-term financial investments            606          606

Tangible assets                        207 589      197 121

Intangible assets                          533          623

TOTAL NON-CURRENT ASSETS               208 728      198 350



TOTAL ASSETS                           325 680      331 878





Debt obligations                         8 722        9 929

Customer prepayments                       115          111

Supplier payables                       27 207       41 278

Taxes payable                            4 803        6 574

Accrued expenses                        11 658       10 250

TOTAL CURRENT LIABILITIES               52 505       68 142



Long-term liabilities                  121 315      120 443

TOTAL NON-CURRENT LIABILITIES          121 315      120 443



Share capital at par value              44 990       44 990

Share premium                           11 332       11 332

Mandatory capital reserve                4 499        2 834

Retained earnings                       82 472       52 509

Net profit for the period                8 567       31 628

TOTAL EQUITY                           151 860      143 293



TOTAL LIABILITIES AND EQUITY           325 680      331 878





Andrus Aljas

CFO

+372 44 78355