AS FAKTO

BALANCE SHEET

30.06.99

 

Consolidated, unaudited

in thousand EEK

 

Assets

Current assets                                           30.06.99    30.06.98     Change       %        31.12.98

 

Cash and bank                                               2,021       2,538       -517     -10.40%       4,975

 

Accounts receivable

Customer receivables                                       16,823      22,970     -6,147     -32.26%      19,051

Allowance for doubtful accounts (less)                       -866      -1,285        419     -23.12%      -1,813

Total accounts receivable                                  15,957      21,685     -5,728     -33.23%      17,238

 

Other receivables

Other current receivables                                   7,747       2,927      4,820      58.20%       8,282

Total other receivables                                     7,747       2,927      4,820      58.20%       8,282

 

Accrued income

Calculated interests                                           55           6         50      44.15%         112

Total accrued income                                           55           6         50      44.15%         112

 

Prepaid expenses and prepaid/refundable tax receivables

Prepaid/refundable tax receivables                          3,002       8,354     -5,352    -158.87%       3,369

Prepaid expenses                                              409         349         60      13.70%         434

Total prepaid expenses and prepaid/refundable 

tax receivables                                             3,411       8,704     -5,293    -139.16%       3,804

 

Inventories

Raw materials                                                  12          14         -2     -28.83%           8

Work-in-progress                                              284         105        180      46.55%         386

Merchandise purchased for resale                           26,671      29,218     -2,547      -8.48%      30,045

Prepayments to suppliers                                      357         271         87      29.49%         294

Total inventories                                          27,324      29,607     -2,283      -7.43%      30,733

 

Total current assets                                       56,515      65,466     -8,951     -13.74%      65,145

 

Non-current assets

Long-term financial assets

Goodwill                                                    1,107       1,487       -380     -29.27%       1,297

Stock and shares in affiliated companies                        0         400       -400    -100.00%         400

Other non-current receivables                               6,023           0      6,023      80.10%       7,519

Total long-term financial assets                            7,131       1,887      5,243      56.89%       9,216

 

Tangible assets

Land and building (acquisition cost)                       72,078      49,132     22,946      31.84%      72,074

Plant and equipment (acquisition cost)                     15,164      19,139     -3,975     -28.09%      14,151

Other equipment and fixtures                                6,860       5,132      1,728      28.81%       5,998

Accumulated depreciation (less)                           -23,086     -19,626     -3,460      17.51%     -19,761

Prepayments for tangible assets                                         5,886     -5,886

Total tangible assets                                      71,016      59,663     11,354      15.67%      72,462

 

Intangible assets

Purchased  patents, licenses, trademarks, etc.                408         166        243      98.52%         246

Total intangible assets                                       408         166        243      98.52%         246

 

Total non-current assets                                   78,555      61,716     16,840      20.55%      81,925

 

Total assets                                              135,070     127,182      7,888       5.36%     147,070

 

 

Liabilities and owners' equity

                                                         30.06.99    30.06.98     Change       %        31.12.98

Current liabilities

 

Short-term borrowings

Current period long-term debt repayment                     3,536       2,516      1,019      19.20%       5,309

Short-term loans from financial institutions                4,878       4,629        249       7.29%       3,418

Debentures                                                  4,459       1,749      2,709      65.28%       4,151

Total short-term debt                                      12,873       8,895      3,978      30.89%      12,878

 

Customer prepayments                                        2,681       3,898     -1,218     -68.01%       1,791

 

Supplier payables                                          39,702      42,388     -2,686      -5.97%      44,990

 

Tax liabilities                                             3,558       3,294        264       5.91%       4,465

 

Accrued expenses

Salary-related accrued expenses                             2,858       3,131       -272     -10.06%       2,706

Dividends payable                                             697         434        263                       0

Interests payable                                           1,626       2,599       -973     -48.44%       2,009

Other accrued expenses                                        916          33        883     316.16%         279

Total accrued expenses                                      6,097       6,197        -99      -1.99%       4,994

 

Total current liabilities                                  64,910      64,672        238       0.34%      69,119

 

Non-current liabilities

 

Long-term borrowings

Non-convertible long-term debt                                 58         808       -750    -220.91%         340

Bank loans                                                 25,936      19,122      6,814      25.17%      27,067

Other long-term borrowings from financial institutions      6,620       2,398      4,222      49.88%       8,465

Total long-term debt                                       32,614      22,327     10,286      28.67%      35,872

 

Other long-term debt

Deferred income tax liability                               2,266       2,694       -428     -18.65%       2,294

Total other long-term debt                                  2,266       2,694       -428     -18.65%       2,294

 

Total non-current liabilities                              34,880      25,021      9,858      25.83%      38,167

 

Total liabilities                                          99,789      89,693     10,097       9.41%     107,286

 

Minority interest                                           3,348       3,290         58       1.56%       3,733

 

Owners' equity

Share capital in nominal value                             16,501      16,501          0       0.00%      16,501

Capital surplus                                             7,307       7,307          0       0.00%       7,307

Reserves                                                      502         502          0       0.00%         502

Retained earnings                                           9,431       6,452      2,979      46.18%       6,452

Profit/loss for the financial year                         -1,809       3,437     -5,246     -99.18%       5,290

Total owners' equity                                       31,932      34,199     -2,266      -6.29%      36,051

 

Total liabilities and owners' equity                      135,070     127,182      7,888       5.36%     147,070

 

 

Toivo Urva

Chairman of the Management Board

+372 63 89 200