HÜVITUSFOND

BALANCE SHEET

30.06.99

 

unaudited

 

ASSETS                                                30.06.1999    31.12.1998

CURRENT ASSETS 

1.Cash and bank                                       77,292,314   154,115,014

2.Marketable securities                              521,730,671   268,005,356

2.1.Bonds                                            345,168,277   162,807,617

2.2.Shares and units                                 176,562,394   105,197,739

 

3.Other receivables                                  167,806,671   220,108,041

3.1.Receivables from subsidiaries                        490,022    31,000,000

3.2.Receivables from associated companies             53,121,596    54,345,958

3.3.Other current receivables                        114,195,053   134,762,083

4.Accrued income                                      57,508,319    38,592,652

5.Prepaid expenses                                     6,811,836     5,142,689

5.1.Prepaid/refundable tax receivables                   826,572       460,531

5.2.Other prepaid expenses                             5,985,264     4,682,158

Total current assets                                 831,149,811   685,963,752

 

NON-CURRENT ASSETS

6.Long-term financial investments                    875,987,349   744,280,094

6.1.Units and shares in subsidiaries                   5,887,869    20,182,297

6.2.Non-current receivables from subsidiaries        124,221,926    45,600,000

6.3.Units and shares in associated companies          20,327,554    20,377,096

6.4.Non-current receivables from associated companies 21,386,250    33,869,215

6.5.Other shares                                         269,000       266,000

6.6.Other long-term investments                                0    17,674,945

6.7.Other non-current receivables                    851,901,104   756,292,122

6.8.Allowance for doubtful accounts                 -148,006,354  -149,981,581

 

7.Tangible assets                                      7,949,011    16,425,862

7.1.Non-current assets                                13,515,354    21,095,948

7.3.Accumulated depreciation                          -5,566,343    -4,670,086

 

8.Intangible assets                                      161,303       235,882

TOTAL NON-CURRENT ASSETS                             884,097,663   760,941,838

 

TOTAL ASSETS                                       1,715,247,474 1,446,905,590

 

LIABILITIES AND OWNERS' EQUITY 

LIABILITIES

Current liabilities                                                         

9.Debt to credit institutions                        247,135,336   263,137,037

9.1. Bonds issued                                    240,000,000   240,000,000

9.2. Other short-term loans                            7,135,336    23,137,037

 

10. Bonds issued                                      42,166,300             0

11.Supplier payables                                     829,502       870,084

12.Other payables                                      3,722,759     4,977,387

13.Tax liabilities                                       327,818       402,743

14.Accrued expenses                                   16,541,223    17,886,690

14.1.Interests                                        16,310,299    17,583,038

14.2.Salary-related payables                             230,924       303,652

Total current liabilities                            310,722,938   287,273,941

 

Non-current liabilities

15.Bonds issued                                      438,261,400   438,261,400

16.Other non-current liabilities                       1,277,954     1,105,893

Total non-current liabilities                        439,539,354   439,367,293

 

17.Fund in the beginning of period                   720,264,356   926,985,311

18.Change                                            244,731,096  -206,720,955

19.Fund at the end of period                         964,985,182   720,264,356

 

TOTAL LIABILITIES AND OWNERS' EQUITY               1,715,247,474 1,446,905,590

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

+3726651800, +3726651824, +3725104614