VIISNURK

BALANCE SHEET



BALANCE SHEET, AS AT 30.06.01



In thousands of kroons                   30.06.01     31.12.00



Cash and bank                               1 154        4 908

Shares and other securities                     0            0

Custormer receivables                      35 751       51 229

Other receivables                           2 126          378

Prepaid expenses                            5 351       18 331

Inventories                                99 041       58 682

TOTAL CURRENT ASSETS                      143 423      133 528



Long-term financial investments               606          606

Tangible assets                           208 345      197 121

Intangible assets                             442          623

TOTAL NON-CURRENT ASSETS                  209 393      198 350



TOTAL ASSETS                              352 816      331 878





Debt obligations                           23 620        9 929

Customer prepayments                           56          111

Supplier payables                          30 816       41 278

Taxes payable                               6 628        6 574

Accrued expenses                            8 576       10 250

TOTAL CURRENT LIABILITIES                  69 696       68 142



Long-term liabilities                     121 315      120 443

TOTAL NON-CURRENT LIABILITIES             121 315      120 443



Share capital at par value                 44 990       44 990

Share premium                              11 332       11 332

Mandatory capital reserve                   4 499        2 834

Retained earnings                          82 472       52 509

Net profit for the period                  18 512       31 628

TOTAL EQUITY                              161 805      143 293



TOTAL LIABILITIES AND EQUITY              352 816      331 878





Andrus Aljas

CFO

+372 44 78 355