EESTI NÄITUSTE AS

BALANCE SHEET

31.12.98

 

Unaudited               

in thousand EEK

 

                                               31.12.98   31.12.97 muutus (%)

ASSETS

CURRENT ASSETS

 

1. Cash and bank                                     800      1209      -34

2. Customer receivables                             4858      3354       45

3. Total other receivables                            22         1     2100

4. Accrued income                                    206        33      524

5. Prepaid expenses                                  973      2169      -55

5.1Prepaid/ refundable taxes                         970      2088      -54

5.2Other prepaid expenses                              3        81      -96

 

6. Total inventories                                5772      9361      -38

6.1Raw material                                     2925      5442      -46

6.2Prepayments to suppliers                         2847      3919      -27

 

TOTAL CURRENT ASSETS                               12631     16127      -22

 

NON-CURRENT ASSETS

7. Total financial assets                            204         5     3980

8. Total non-current physical assets               79195     79311        0

8.1Land and buildings                              81645     71126       15

8.2Plant and equipment                              3521      3597       -2

8.3Other equipment and fixtures                     2226      2190        2

8.4Accumulated depreciation                        -8582     -6235       38

8.5Unfinished building                               385      8633      -96

 

9. TOTAL IMMATERIAL ASSETS                          1354      1534      -12

9.1Trademarks purchased                             1800      1800        0

9.2Depreciation of immaterial assets                -446      -266       68

 

TOTAL NON-CURRENT ASSETS                           80753     80850        0

 

TOTAL ASSETS                                       93384     96977       -4

 

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES     

CURRENT LIABILITIES

 

10.Total debt obligations                           7714      6428       20

10.Current period long-term debt repayment          3214      6428      -50

10.Short-term loans                                 4500

 

11.Customer prepayments                              180       711      -75

 

12.Supplier payables                                3711      4964      -25

 

13.Tax liabilities                                   536      4394      -88

 

14.Accrued expenses                                  621      1537      -60

14.Salary-related expenses                           226       687      -67

14.Interest payables                                  87       532      -84

14.Other accrued expenses                            308       318       -3

 

TOTAL CURRENT LIABILITIES                          12762     18034      -29

 

NON-CURRENT LIABILITIES

 

15.Total non-current payables                      20048     23131      -13

15.Bank loans                                      11250     12857      -12

15.Other loans from credit institutions              551      1367      -60

15.Payable to the Privatisation Agency for 

privatisation of land                               8247      8907       -7

 

TOTAL NON-CURRENT LIABILITIES                      20048     23131      -13

 

TOTAL LIABILITIES                                  32810     41165      -20

 

OWNERS' EQUITY

 

16.Share capital stated in Articles of Association 32000     16000      100

17.Reservation fund                                  987       325      204

18.Retained earnings                               14061      6279      124

19.Profit for the financial year                    9526     13208      -28

20.Capital surplus                                  4000     20000      -80

 

TOTAL OWNERS' EQUITY                               60574     55812        9

 

TOTAL LIABILITIES AND OWNERS' EQUITY               93384     96977       -4