EESTI NÄITUSTE AS

BALANCE SHEET

31.03.99

 

Unaudited

(in thousand EEK)

 

                                                              31.03.99    31.03.98    change (%)   31.12.98

ASSETS

CURRENT ASSETS

 

     1. Cash and bank                                            6,052       4,017          51         800

 

     2. Marketable securities                                                  500

 

     3. Customer receivables                                     7,452       7,317           2       4,858

 

     4. Total accounts receivable                                  199       3,311         -94         229

 

     5. Prepaid expenses                                           515       1,573         -67         500

   5.1. Prepaid/refundable tax receivables                         479       1,554         -69         497

   5.2. Other prepaid expenses                                      36          19          89           3

 

     6. Total inventories                                        4,148       7,546         -45       6,259

   6.1. Raw materials                                            2,963       5,488         -46       2,925

   6.2. Prepayments to suppliers                                 1,185       2,058         -42       3,334

 

TOTAL CURRENT ASSETS                                            18,366      24,264         -24      12,646

 

NON-CURRENT ASSETS

 

     7. Total long-term financial investments                      204           5        3980         204

 

     8. Total tangible assets                                   78,276      79,529          -2      79,196

   8.1. Land and buildings                                      82,813      79,263           4      81,645

   8.2. Plant and equipment                                      3,533       3,608          -2       3,521

   8.3. Other equipment and fixtures                               678       1,022         -34       2,226

   8.4. Accumulated depreciation                                -9,133      -6,824          34      -8,581

   8.5. Unfinished building                                        385       2,460         -84         385

 

     9. Total intangible assets                                  1,309       1,489                   1,354

   9.1. Trademarks purchased                                     1,800       1,800                   1,800

   9.2. Amortization of intangible assets                         -491        -311                    -446

 

TOTAL NON-CURRENT ASSETS                                        79,789      81,023          -2      80,754

 

TOTAL ASSETS                                                    98,155     105,287          -7      93,400

 

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES

CURRENT LIABILITIES

                                                              31.03.99    31.03.98  Change (%)    31.12.98

 

    10. Total debt obligations                                   5,411       6,214         -13       7,714

  10.1. Current period repayment of long-term loans              2,411       3,214         -25       3,214

  10.2. Short-term loans from credit institutions                3,000       3,000                   4,500

 

    11. Customer prepayments                                     1,725       3,207         -46         180

 

    12. Supplier payables                                        3,181       4,515         -30       3,710

 

    13. Tax liabilities                                            646       3,927         -84         537

 

    14. Accrued expenses                                         5,974       1,150         419         622

  14.1. Salary related accrued expenses                          1,054       1,034           2         226

  14.2. Interest expenses                                           68          59          15          87

  14.3. Dividend expenses                                        4,800

  14.4. Other accrued expenses                                      52          57          -9         309

 

TOTAL CURRENT LIABILITIES                                       16,937      19,013         -11      12,763

 

NON-CURRENT LIABILITIES

 

    15. Total long-term debt obligations                        20,048      23,130         -12      20,048

  15.1. Bank loans                                              11,250      12,857         -12      11,250

  15.2. Other loans from credit institutions                     8,798      10,273                   8,798

 

TOTAL NON-CURRENT LIABILITIES                                   20,048      23,130         -13      20,048

 

TOTAL LIABILITIES                                               36,985      42,143         -12      32,811

 

OWNERS' EQUITY

 

    16. Share capital, as in Articles of Association            32,000      16,000         100      32,000

 

    17. Reserves                                                 1,464         325                     988

 

    18. Retained earnings                                       18,324      19,524          -6      14,061

 

    19. NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                5,382       7,295         -26       9,540

 

   220. CAPITAL SURPLUS                                          4,000      20,000                   4,000

 

TOTAL OWNERS' EQUITY                                            61,170      63,144          68      60,589

 

TOTAL LIABILITIES AND OWNERS' EQUITY                            98,155     105,287          -7      93,400