NORMA

BALANCE SHEET



PARENT COMPANY BALANCE SHEET AS OF  30.09.2001



EEK in thousands  , unaudited

Assets                                30.09.01  31.12.00

                                          

Current assets                                  

  Cash and bank accounts                46 570    54 903

  Marketable securities                 96 654    88 300

  Accounts receivable                  185 564   126 800

  Allowance for doubtful receivables   -18 074   -16 395

  Other receivables and prepayments     93 877    90 155

  Inventories                           77 599    59 332

Total current assets                   482 190   403 095

Non-current assets                                      

  Long-term financial assets            76 399    73 430

  Property, plant and equipment        107 756    97 281

  Intangible assets                        800     1 271

Total non-current assets               184 955   171 982

Total assets                           667 145   575 077

                                                        

 Liabilities and owners'equity

Liabilities                                             

Current liabilities                                     

 Accounts payable and accrued expenses  97 787    71 940

Total current liabilities               97 787    71 940

Total liabilities                       97 787    71 940

Owners` equity                                          

  Share capital (par value)            132 000   132 000

  Retained earning and reserves        213 688   213 688

  Net profit                           132 220   157 449

Total owners' equity                   569 358   503 137

Total liabilities and owners' equity   667 145   575 077





Peep Siimon

Chairman of the Board

+372-6500-442