Last update: 23.11.2024 10:31 (GMT+2)
AS VIISNURK
BALANCE SHEET
31.12.98
(EEK)
consolidated, audited
ASSETS Group Group Parent Parent
31.12.98 31.12.97 31.12.98 31.12.97
CURRENT ASSETS
Cash and bank (appendix 2) 4,736,585 1,864,770 4,725,038 1,775,464
Marketable securities (appendix 3) 342,837 567,751 342,837 567,751
Customer receivables (appendix 4)
Accounts receivable 38,495,804 42,736,846 38,290,162 42,736,846
Allowance for doubtful accounts (430,455) (1,130,000) (430,455) (1,130,000)
Total 38,065,349 41,606,846 37,859,707 41,606,846
Other receivables (appendix 5) 288,830 908,601 288,830 908,601
Prepaid expenses (appendix 6)
Prepaid/refundable tax receivables 1,447,728 1,323,143 1,020,079 1,323,143
Other prepaid expenses 0 40,470 0 40,470
Total 1,447,728 1,363,613 1,020,079 1,363,613
Inventories (appendix 7)
Raw materials 11,956,783 11,366,285 11,956,783 11,366,285
Work-in-progress 11,961,772 11,004,665 11,961,772 11,004,665
Finished goods 16,067,036 10,166,408 16,067,036 10,166,408
Goods purchased 4,038,408 4,122,356 4,038,408 4,122,356
Prepayments to suppliers 1,601,971 1,984,552 1,601,971 1,984,552
Total 45,625,970 38,644,266 45,625,970 38,644,266
TOTAL CURRENT ASSETS 90,507,299 84,955,847 89,862,461 84,866,541
NON-CURRENT ASSETS
Long-term financial investments
Shares in subsidiaries 0 0 3,500,000 3,500,000
Other shares and units (appendix 10) 605,440 917,706 605,440 917,706
Total 605,440 917,706 4,105,440 4,417,706
Material assets (appendix 8)
Land and buildings 39,672,996 35,219,839 32,650,775 28,409,145
Plant and equipment 59,843,425 50,623,719 59,714,475 50,623,719
Other inventory 4,337,390 3,866,039 4,285,678 3,866,039
Accumulated depreciation (-) (42,037,048) (34,888,679) (41,554,733) (34,888,679)
Unfinished building 4,218,132 6,105,017 4,218,132 6,105,017
Total 66,034,895 60,925,935 59,314,327 54,115,241
Intangible assets (appendix 9) 594,442 782,777 594,442 782,777
TOTAL NON-CURRENT ASSETS 67,234,777 62,626,418 64,014,209 59,315,724
TOTAL ASSETS 157,742,076 147,582,265 153,876,670 144,182,265
LIABILITIES AND OWNERS' EQUITY
CURRENT LIABILITIES
Võlakohustused
Debentures (appendix 12) 900,036 1,194,970 900,036 1,194,970
Long-term debt repayment (appendix 11) 4,480,440 4,400,440 4,480,440 4,400,440
Short-term loans from banks (appendix 11) 11,986,600 12,440,019 11,800,000 12,440,019
Total 17,367,076 18,035,429 17,180,476 18,035,429
Customer prepayments 77,704 300,474 77,704 300,474
Supplier payables (appendix 14)
Accounts payable 17,781,519 14,491,094 16,321,911 14,491,094
Notes payable 307,120 0 307,120 0
Total 18,088,639 14,491,094 16,629,031 14,491,094
Tax liabilities (appendix 15) 2,958,464 7,113,171 2,951,678 7,113,171
Accrued expenses (appendix 14)
Salary-related expenses 5,811,162 5,496,222 5,799,954 5,496,222
Interest expenses 462,141 541,707 462,141 541,707
Other accrued expenses 13,931 1,557,098 13,931 1,557,098
Total 6,287,234 7,595,027 6,276,026 7,595,027
TOTAL CURRENT LIABILITIES 44,779,117 47,535,195 43,114,915 47,535,195
NON-CURRENT LIABILITIES
Long-term debt obligations
Non-converible debt (appendix 451,745 308,694 451,745 308,694
Bank loans (appendix 11) 21,082,650 27,113,092 21,082,650 27,113,092
Total 21,534,395 27,421,786 21,534,395 27,421,786
Other long-term debts 307,120 0 307,120 0
Potential income tax (appendix 26) 2,859,137 2,513,174 2,859,137 2,513,174
TOTAL NON-CURRENT LIABILITIES 24,700,652 29,934,960 24,700,652 29,934,960
TOTAL LIABILITIES 69,479,769 77,470,155 67,815,567 77,470,155
Minority interest 2,808,994 3,400,000
OWNERS' EQUITY
Share capital in nominal value (appendix 16) 44,990,610 6,338,600 44,990,610 6,338,600
Capital surplus (appendix 16) 11,331,780 10,800,000 11,331,780 10,800,000
Mandatory reserve capital (appendix 17) 633,860 536,760 633,860 536,760
Retained earnings (appendix 17) 10,908,050 34,987,083 10,908,050 34,987,083
Profit for the year 17,589,013 14,049,667 18,196,803 14,049,667
TOTAL OWNERS' EQUITY 85,453,313 66,712,110 86,061,103 66,712,110
TOTAL LIABILITIES AND OWNERS' EQUITY 157,742,076 147,582,265 153,876,670 144,182,265
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