AS PRO KAPITAL

BALANCE SHEET

31.12.98

 

In EEK

Unaudited, unconsolidated

                                          31.12.98      31.12.97

ASSETS                                                            

Current assets                                                        

Cash and bank                             2 277 042     1 414 242

Shares and other securities               1 701 264              

Accounts receivable                      33 067 886    15 851 204

Accrued income                                    -             -

Prepaid expenses                                                 

  Prepaid/refundable taxes                4 181 227     5 525 938

  Other prepaid expenses                  2 342 225       287 555

Inventories                                                      

  Sales       (Narva mnt 13)              7 469 223    20 624 790

  Merchandise purchased for sale             23 115              

Current assets in total                  51 062 022    43 703 729

                                                            

Non-current assets                                               

Long-term financial investments                                  

  Subsidiaries’ shares or units         118 991 512    59 767 210

Long-term receivables from subsidiaries  67 099 458    23 074 713

Other long-term receivables              32 586 844              

Total long-term financial invesments    218 677 815    82 841 923

                                                                 

Non-current physical assets                                      

  Land and buildings                     23 884 711    38 926 443

  Plant and equipment                       614 524       516 875

  Other equipment                         2 322 540       918 284

  Accumulated depreciation               -1 579 221      -670 170

  Unfinished buildings                   47 282 936     6 846 512

                                                                 

TOTAL ASSETS                            344 498 655   173 083 596

 

LIABILITIES AND OWNERS’ EQUITY                                  

Current liabilities                                              

Debt obligations                                     

  Other short-term obligations           43 928 012     1 562 500

Customer prepayments                     20 729 947    19 238 169

Supplier payables                         7 005 255     9 705 049

Other payables                                    -             -

Tax liabilities                             180 696       371 147

Accrued expenses                                                 

  Salary-related expenses                    53 490       158 014

  Interest payable                                0       496 027

  Other accrued expenses                    125 000       125 000

Total current liabilities                72 022 401    31 655 906

                                                                 

Non-current liabilities                                         

Long-term debt obligations                                       

  Nonconvertible long-term debt          22 470 329    40 937 500

Other long-term obligations                                      

   Supplier payables                      6 937 500              

Total long-term debt obligations         29 407 829    40 937 500

Total liabilities                       101 430 230    72 593 406

                                                                 

Owners’ equity                                                   

Share capital in nominal value          135 000 000   100 000 000

Capital surplus                         101 000 000              

Retained earnings                           490 191    -1 772 689

Profit (loss) for the period              6 578 235     2 262 880

Owners’ equity in total                 243 068 425   100 490 191

                                                                 

TOTAL LIABILITIES AND OWNERS’ EQUITY    344 498 655   173 083 596