AS ESTIKO

BALANCE SHEET

30.09.99

 

 

Consolidated, unaudited

in thousand EEK

 

ASSETS                                                 30.09.1999     30.09.1998

CURRENT ASSETS

Cash and bank                                               5,438          6,947

Accounts receivable                                        16,154         29,685

Allowance for doubtful accounts                              -831

Other receivables                                             163            726

Accrued income                                                134              1

Prepaid expenses                                            3,495          8,474

TOTAL                                                      24,553         45,833

Inventories:

Raw materials                                               6,841          5,281

Work-in-process                                             1,486            553

Finished goods                                              4,976          4,025

Merchandise purchased for resale                              234         25,614

Prepayments to suppliers                                    4,501            245

Total inventories                                          18,038         35,718

TOTAL CURRENT ASSETS                                       42,591         81,551

NON-CURRENT ASSETS

Long-term financial investments:

Other long-term receivables                                   428             19

Total long-term financial investments                         428             19

Tangible assets:

Land and buildings (acquisition cost)                     109,199        114,443

Plant and equipment (acquisition cost)                     54,780         57,371

Other equipment and fixtures                                2,918         22,472

(acquisition cost)

Accumulated depreciation (less)                           -25,991        -26,867

Fixed assets under construction                             3,405         20,905

Prepayments for tangible assets                               852            106

Total tangible assets                                     145,163        188,430

Intangible assets                                                         12,231

TOTAL NON-CURRENT ASSETS                                  145,591        200,680

TOTAL ASSETS                                              188,182        282,231

 

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES                                           30.09.1999     30.09.1998

CURRENT LIABILITIES

Debentures (except bank loans)                              6,621          3,233

Current period repayment of long-term bank                  8,862          2,794

Short-term loans from credit institutions                   6,258         25,650

Customer prepayments                                          474            657

Supplier payables                                           6,826         36,792

Tax liabilities                                             1,827          3,052

Accrued expenses                                            2,175          4,427

Other prepaid revenues                                        161

TOTAL CURRENT LIABILITIES                                  33,204         76,605

NON-CURRENT LIABILITIES

Non-convertible debt                                        3,114         16,680

Bank loans                                                 62,968         88,232

Long-term provisions                                        1,026          3,484

TOTAL NON-CURRENT LIABILITIES                              67,108        108,396

MINORITY INTEREST                                          12,010         24,213

TOTAL LIABILITIES                                         112,322        209,214

OWNERS' EQUITY

Share capital in nominal value                             59,851         39,922

Capital surplus                                             5,161          7,089

Mandatory reserve capital                                   2,122          2,122

Retained earnings                                           7,329         18,179

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                   6,485          6,429

Treasury shares (less)                                     -5,088           -724

TOTAL OWNERS' EQUITY                                       75,860         73,017

TOTAL LIABILITIES AND OWNERS' EQUITY                      188,182        282,231

 

 

Igor Sada

Financial Director

AS Estiko group 

Tel. +372 74 76 916