RAKVERE LIHAKOMBINAAT

BALANCE SHEET



AUDITED CONSOLIDATED BALANCE SHEET. AS AT 31.12.2000



Consolidated, audited

in thousand EEK

                                                    31.12.00   31.12.99

ASSETS



Current assets

Cash and bank                                          3,432     10,152

Customer receivables                                  71,727     57,749

Other current receivables                             14,599     15,106

Inventories                                          128,363    122,312

Total current assets                                 218,121    205,319



Non-current assets

Long-term financial assets                             3,937      4,721

Tangible assets                                      395,589    401,271

Goodwill                                                 893          0

Intangible assets                                      3,131      4,024

Total non-current assets                             403,550    410,016



Total assets :                                       621,671    615,335





Liabilities and owners' equity



Current liabilities

Short-term loan and lease liabilities                 45,019     25,235

Accounts payable                                      45,989     48,206

Other current liabilities                             27,284     30,884

Total current liabilities                            118,292    104,325



Short-term loan and lease liabilities                188,971    197,859

Total liabilities                                    307,263    302,184



Minority interest of off-group shareholders            3,706      3,004



Owners' equity

Share capital                                        377,217    377,217

Mandatory legal reserve                                2,629      1,416

Retained earnings                                    -69,748    -69,751

Unrealized exchange differences                          604      1,265

Total owners' equity                                 310,702    310,147



Total liabilities and owners' equity                 621,671    615,335





Siim Kallast

CFO

+372 32 29 231