Last update: 28.11.2020 01:29 (GMT+2)

Baltika: Consolidated balance sheet 12/98

31.03.1999, Baltika, TLN
AS BALTIKA
BALANCE SHEET
31.12.98

Consolidated, unaudited
in EEK

ASSETS 31.12.1998 31.12.1997

Current assets

Cash and bank 5,697,022 8,757,833
Marketable securities 615,704 1,471,373
Accounts receivable
Customer receivables 52,308,540 46,052,574
Allowance for doubtful accounts (less) -4,104,200 -2,128,543
Total 48,204,340 43,924,031

Other receivables
Transactions with shareholders - 3,185,000
Other current receivables 688,678 5,255,971
Total 688,678 8,440,971
Accrued income
Interests 22,068 60,279
Total 22,068 60,279
Prepaid expenses
Prepaid/refundable tax receivables 7,750,600 3,114,065
Other prepaid expenses 2,134,876 674,738
Total 9,885,476 3,788,803
Inventories
Raw materials 28,037,881 26,823,583
Work-in-progress 8,859,439 9,103,166
Finished goods 75,474,516 50,409,587
Prepayments to suppliers 702,928 565,481
Total 113,074,764 86,901,817
Total current assets 178,188,052 153,345,107

Non-current assets 31.12.1998 31.12.1997
Financial assets
Shares, units and bonds 700,460 655,750
Other non-current receivables 742,950 1,095,446
Other non-current receivables 166,000 -
Total 1,609,410 1,751,196

Tangible assets
Land and buildings (acquisition cost) 31,690,079 23,041,132
Plant and equipment (acquisition cost) 53,177,763 42,519,140
Other equipment and fixtures
(acquisition cost) 17,029,099 10,955,964
Accumulated depreciation -53,144,858 -40,177,036
Unfinished building - 225,264
Prepayments for non-current assets 154,203 418,000
Total 48,906,286 36,982,464

Intangible assets
Concessions, patents, licence, trademarks purchased 1,049,020 925,964
Goodwill 881,483 1,154,759
Total 1,930,503 2,080,723
Total non-current assets 52,446,199 40,814,383

Total assets 230,634,251 194,159,490


Liabilities and owners' equity
Current liabilities
Debt obligations
Current period long-term debt repayment 5,615,199 6,034,477
Short-term loans from financial institutions 52,249,464 38,721,309
Total 57,864,663 44,755,786

Customer prepayments 84,756 -
Accounts payable
Supplier payables 18,315,216 20,264,727
Total 18,315,216 20,264,727
Tax liabilities 6,463,534 4,782,886
Accrued expenses
Salary-related accrued expenses 6,764,231 3,887,634
Dividends payable 280,732 500,330
Interests payable 225,400 131,981
Other accrued expenses 579,024 70,950
Total 7,849,387 4,590,895

Total current liabilities 90,577,556 74,394,294
Non-current liabilities

Long-term debt obligations
Bank loans 17,673,388 4,756,007
Other long-term debt 445,000 0
Total 18,118,388 4,756,007

Long-term provisions (income tax provisions) 734,479 -
Total non-current liabilities 18,852,867 4,756,007
Total liabilities 109,430,423 79,150,301

Minority interest 7,975,274 869,668

Owners' equity
Share capital in nominal value 48,000,000 48,000,000
Capiutal surplus 23,979,630 23,884,523
Reserves
Mandatory reserve capital 4,800,000 4,800,000
Other reserves 18,090,523 18,090,523
Retained earnings 17,170,168 8,572,171
Profit/loss for the financial year 1,945,379 10,912,407
Treasury shares -766,546 -160,000
Exchange differences 21,400 39,897
Total owners' equity 113,240,554 114,139,521
Total liabilities and owners' equity 230,646,251 194,159,490

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