RAKVERE LIHAKOMBINAAT

BALANCE SHEET



CONSOLIDATED BALANCE SHEET, AS AT 30.09.2001



Consolidated, unaudited

in thousand EEK                                    30.09.01  31.12.00



ASSETS



Current assets

Cash and bank                                         8,146     3,432

Customer receivables                                 81,431    71,727

Other current receivables                             9,809    14,599

Inventories                                         157,782   128,363

Total current assets                                257,168   218,121



Non-current assets

Long-term financial assets                            8,114     3,937

Tangible assets                                     407,424   395,589

Goodwill                                                749       893

Software                                              2,738     3,131

Total non-current assets                            419,025   403,550



Total assets :                                      676,193   621,671



Liabilities and owners' equity



Current liabilities

Short-term loan and lease liabilities                29,497    45,019

Accounts payable                                     60,447    45,989

Other current liabilities                            22,047    27,284

Total current liabilities                           111,991   118,292



Long-term loan and lease liabilities                185,659   188,971

Total liabilities                                   297,650   307,263





Minority interest of off-group shareholders           4,298     3,706



Owners' equity

Share capital                                       377,217   377,217

Mandatory legal reserve                               2,690     2,629

Retained earnings                                    -7,990   -69,748

Unrealized exchange differences                       2,328       604

Total owners' equity                                374,245   310,702



Total liabilities and owners' equity                676,193   621,671





Olle Horm

Management Board chairman

+372 32 29211