EESTI TELEKOM

BALANCE SHEET



CONSOLIDATED BALANCE SHEET AS OF 31.12.2001, EEK



AS EESTI TELEKOM AND SUBSIDIARY COMPANIES

In thousand of Estonian kroons (EEK)

unaudited

                                31.12.2001 31.12.2000

                                            (restated)

ASSETS                                      

Current assets                              

Cash and cash equivalents          403,659    609,743

Short-term investments              60,584          0

Trade receivables, net             403,347    401,838

Other receivables                    6,982      6,272

Accrued income                     103,761     58,987

                                          

Prepaid expenses                    28,235     64,014

Inventories                        109,751    149,223

Total current assets             1,116,319  1,290,077

                                            

Non-current assets                          

Long term financial assets          34,292     29,213

Tangible assets, net             3,036,007  3,234,088

Intangible assets, net              56,139     67,603

Total non-current assets         3,126,438  3,330,904

                                                     

TOTAL ASSETS                     4,242,757  4,620,981

                                            

EQUITY AND LIABILITIES                      

Current liabilities                         

Interest bearing loans and          88,146    161,392

borrowings

Customer prepayments                 9,237      6,619

Accounts payable to suppliers      258,838    361,995

Other payables                         168        119

Tax liabilities                     35,274     24,746

Accrued expenses                   150,853    206,294

Provisions                          17,432     14,338

Prepaid revenue                     10,350     44,274

Total current liabilities          570,298    819,777

                                            

Non-current liabilities                     

Interest bearing loans and          49,108    200,978

borrowings

Other long-term payables                 0           

Total non-current liabilities       49,108    200,978

                                            

Minority interest                        0      8,193

                                            

Equity                                      

Issued capital                   1,373,833  1,373,833

Share premium                      309,964    309,964

Statutory legal reserve            137,384    124,963

Retained earnings                1,015,235    661,465

Net profit for the period          786,935  1,121,808

Total equity                     3,623,351  3,592,033

                                            

TOTAL EQUITY AND LIABILITIES     4,242,757  4,620,981





Hille Võrk

Financial Manager

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