AS EESTI TELEFON

BALANCE SHEET

30.09.98

 

Consolidated (IAS)

in thousand EEK

                                                     30.09.98    31.12.97    31.12.96    31.12.95

ASSETS

NON-CURRENT ASSETS

Land, buildings and equipment                       2,048,202   1,962,129   1,688,440   1,415,153

Goodwill                                                1,393           -       7,197      14,394

Licences, patents and trade marks                      41,929      42,442      16,627       5,046

Development costs                                         894       1,106       1,388           -

Investments in associated companies                     1,414

Other investments                                          98         855         855         857

Other long-term receivables                             1,161       1,302       1,437       1,689

Prepaid/refundable tax receivables                    105,402     100,378     138,371      82,549

TOTAL NON-CURRENT ASSETS                            2,200,493   2,108,212   1,854,315   1,519,688

 

CURRENT ASSETS

Inventories                                            53,034      55,858      40,152      75,459

Customer receivables                                  262,052     197,120     178,813     143,293

Short-term investments                                  9,533

Cash and cash equivalents                              98,013      58,419      11,958      64,499

TOTAL CURRENT ASSETS                                  422,632     311,397     230,923     283,251

 

TOTAL ASSETS                                        2,623,125   2,419,609   2,085,238   1,802,939

 

LIABILITIES AND OWNERS' EQUITY

Owners' equity and reserves

Shares issued                                         666,900     666,900     666,900     666,900

Reserves                                               21,607      10,764       3,800           -

Retained earnings                                     506,337     420,793     304,606     132,307

Total owners' equity and reserves                   1,194,844   1,098,457     975,306     799,207

 

Minority interest                                       2,440         962         461           -

 

Non-current liabilities

Interest-bearing debt obligations                   1,071,230   1,054,334     847,855     817,367

Deferred taxes                                             -

Total non-current liabilities                       1,071,230   1,054,334     847,855     817,367

 

Current liabilities

Supplier payables                                     257,173     203,763     143,603     154,132

Interest-bearing debt obligations                      97,438      62,093     118,013      32,233

Total current liabilities                             354,611     265,856     261,616     186,365

 

TOTAL LIABILITIES AND OWNERS' EQUITY                2,623,125   2,419,609   2,085,238   1,802,939