NORMA

BALANCE SHEET



CONSOLIDATED BALANCE SHEET AS OF  30.09.2001



EEK in thousands, unaudited

 Assets                                30.09.01 31.12.00     

                                        

Current assets                                  

 Cash and bank accounts                 50 146   58 637

 Marketable securities                  96 654   88 300

 Accounts receivable                   158 913  118 389

 Allowance for doubtful receivables    -18 847  -20 905

 Other receivables and prepayments      95 642   91 117

 Inventories                            83 115   65 699

Total current assets                   465 623  401 237

Non-current assets                                     

 Long-term financial assets              1 253    1 253

 Property, plant and equipment         201 000  163 263

 Intangible assets                       1 531    2 363

Total non-current assets               203 784  166 879

Total assets                           669 407  568 116

                                                       

 Liabilities  and  owners'  equity                     

Liabilities                                            

Current liabilities                                    

 Accounts payable and accrued expenses 100 049   64 979

Total current liabilities              100 049   64 979

Total liabilities                      100 049   64 979

Owners` equity                                         

  Share capital (par value)            132 000  132 000

  Retained earning and reserves        291 938  213 688

  Net profit                           132 200  157 449

Total owners' equity                   569 358  503 137

Total liabilities and owners' equity   669 407  568 116





Peep Siimon

Chairman of the Board

+372-6500-442