NORMA

INCOME STATEMENT



CONSOLIDATED INCOME STATEMENT Q4 AND Y2001



EEK in thousands,unaudited

                             01.10.01-  01.01.01- 01.10.00-   01.01.00-

                             31.12.01   31.12.01  31.12.00    31.12.00



Net sales		      245 706    815 920   176 389    634 171

Cost of goods sold*	      188 034    580 205   124 954    410 215

Gross profit		       57 672    235 715    51 435    223 956

Marketing expenses 	        5 706     23 601     6 463     22 739

Administrative and general exp. 9 596     32 116     9 409     33 469

Product development expenses    5 081     18 871     5 723     19 487

Bad debt provision  	       -5 135     -1 839     8 045      2 382

Other income  		          734      7 048     8 207     13 484

Other expenses                    680      2 910     3 900      7 009

Operating profit	       42 477    167 103    26 102    152 354

Financial income 	        2 836     13 122     2 978      8 531

Financial expenses	         -106        355     1 098      3 436

Profit before taxes	       45 419    179 870    27 982    157 449

Provision for taxes	            0      2 232         0          0

Net profit		       45 419    177 638    27 982    157 449

			                                             

Earnings per share in kroons     3.44      13.46      2.12      11.93



*Compared to the earlier presented statements in the current

report several production related expenses, such as production

planning and management, health and safety, personnel management

and material acquisition cost, are recorded as cost of good

sold instead of general and administration cost.





AS Norma

Consolidated income statement Q4 and Y2001

EUR in thousands, unaudited

                             01.10.01-  01.01.01- 01.10.00-   01.01.00-

                             31.12.01   31.12.01  31.12.00    31.12.00



Net sales		       15 703     52 147    11 273     40 531

Cost of goods sold*	       12 018     37 082     7 986     26 217

Gross profit		        3 686     15 065     3 287     14 313

Marketing expenses 	          365      1 508       413      1 453

Administrative and general exp.   613      2 053       601      2 139

Product development expenses      325      1 206       366      1 245

Bad bedt provision  	         -328       -118       514        152

Other income  		           47        450       525        862

Other expenses  	           43        186       249        448

Operating profit	        2 715     10 680     1 668      9 737

Financial income 	          181        839       190        545

Financial expenses	           -7         23        70        220

Profit before taxes	        2 903     11 496     1 788     10 063

Provision for taxes	            0        143         0          0

Net profit		        2 903     11 353     1 788     10 063

			      

Earnings per share in EUR        0.22       0.86      0.14       0.76



*Compared to the earlier presented statements in the current

report several production related expenses, such as production

planning and management, health and safety, personnel management

and material acquisition cost, are recorded as cost of good

sold instead of general and administration cost.





Peep Siimon

Chairman of the Board

+372-6500-442