SAKU ÕLLETEHASE AS

BALANCE SHEET

31.03.99

 

Consolidated

unaudited

in thousand EEK

                                                          Group         Group         Parent         Parent

                                                       31.03.99      31.03.98       31.03.99       31.03.98

ASSETS

 

Cash and bank                                            25,589        40,338         23,941         39,845

Customer receivables                                     26,376        17,254         25,019         14,742

Total other receivables                                  30,814        29,872         33,303         33,619

  Receivables from affiliated companies                      39           301          2,528          4,051

  Other current receivables                              30,775        29,571         30,775         29,568

Interest income                                           2,541                        2,541

Dividend income

Total prepaid expenses                                    1,782           661          1,760            661

  Prepaid/ refundable taxes                                  22

  Other prepaid expenses                                  1,760           661          1,760            661

Total inventories                                        73,593        51,216         73,392         50,800

  Raw materials                                          28,341        16,048         28,031         14,813

  Work-in-progress                                        7,737         6,908          7,737          6,908

  Finished goods                                          2,914         3,234          1,776          1,347

  Merchandise purchased for resale                       25,030        17,016         26,354         19,926

  Beer barrels for deposit                                2,109         3,707          2,032          3,503

  Prepayments to suppliers                                7,462         4,303          7,462          4,303

TOTAL CURRENT ASSETS                                    160,695       139,341        159,956        139,667

 

NON-CURRENT ASSETS 

Total long-term financial investments                     3,532         3,573          3,946          3,887

  Stock and shares in subsidiaries                        1,930         1,930          2,344          2,244

  Long-term loans                                         1,602         1,643          1,602          1,643

  Other stock and shares 

Total tangible assets                                   179,597       149,290        179,597        149,290

  Buildings                                              74,771        72,051         74,771         72,051

  Land                                                    2,682         2,682          2,682          2,682

  Plant and equipment                                   182,011       155,357        182,011        155,357

  Other equipment and fixtures                           21,615         7,262         21,615          7,262

  Accumulated depreciation                             (115,315)      (91,920)      (115,315)       (91,920)

  Prepayments for tangible assets

  Unfinished investments                                 13,833         3,858         13,833          3,858

Intangible assets                                                         249                           249

TOTAL NON-CURRENT ASSETS                                183,129       153,112        183,543        153,426

 

TOTAL ASSETS                                            343,824       292,453        343,499        293,093

 

LIABILITIES AND OWNERS' EQUITY

 

CURRENT LIABILITIES 

Supplier payables                                        26,367        12,282         26,322         12,282

Other payables (incl. to parent company)                    113         1,087            113          2,590

Tax liabilities                                          14,146         5,541         13,793          4,689

Salary-related expenses                                   3,111         2,900          3,111          2,860

Other accrued expenses                                    3,111         1,833          3,070          1,833

Short-term provisions (credit line)

TOTAL CURRENT LIABILITIES                                46,848        23,643         46,409         24,254

 

Deferred income tax                                      17,532        16,849         17,532         16,849

TOTAL NON-CURRENT LIABILITIES                            17,532        16,849         17,532         16,849

 

Share capital                                            80,000        80,000         80,000         80,000

Reserve capital                                           8,000         8,002          8,000          8,000

Other reserves                                           44,070        44,070         44,070         44,070

Retained earnings                                       140,380       114,109        140,494        114,225

Net profit for the year                                   6,994         5,780          6,994          5,695

TOTAL OWNERS' EQUITY                                    279,444       251,961        279,558        251,990

 

TOTAL LIABILITIES AND OWNERS' EQUITY                    343,824       292,453        343,499        293,093

 

 

Ruth Roht

Public relations manager

tel: +372 6 508 303