In kroons
                                                               2000              1999

Distributable profits at beginning of year    53 828 938     27 497 063

Transferred to mandatory capital reserve     1 320 000         880 000

Net profit for the year                            31 628 096     26 211 875

Distributable profits at end of year            84 137 034     52 828 938


Andrus Aljas
CFO
+37244 78355