AS BALTIKA                                             

BALANCE SHEET 

30.09.98

 

Consolidated, unaudited

In thousand EEK                                                              

                                                                                   

                                                                                   

ASSETS                                         30/09/98  30/09/97  Change    Change

                                                                        %       EEK

Current assets                                                                98/97          

Cash and bank                                     2,684     2,269     18%       415

Marketable securities                               901     4,402    -80%   (3,501)

Accounts receivable                              51,443    39,928     29%    11,515

Other receivables and accrued income              5,418     8,579    -37%   (3,161)

Prepaid expenses and taxes receivables            9,181     3,652    151%     5,529

Total inventories:                              102,970    86,608     19%    16,362

Raw materials		                         20,111    21,450     -6%   (1,339)

Merchandise purchased for resale                 31,406    28,432     10%     2,974

Finished goods                                   41,031    24,359     68%    16,672

Work-in-progress                                  9,709    11,344    -14%   (1,635)

Prepayments for suppliers                           713     1,023    -30%     (310)

TOTAL CURRENT ASSETS                            172,597   145,438     19%    27,159

Non-current assets                                                                -

Financial assets		                  1,214     1,010     20%       204

Total non-current physical assets                38,622    38,316      1%       306

Land and buildings                               23,020    20,397     13%     2,623

Plant and equipment                              43,510    42,557      2%       953

Other inventory                                  14,905    11,659     28%     3,246

Accumulated depreciation	               (44,568)  (39,405)     13%   (5,163)

Prepayment for non-current physical assets and

unfinished building				  1,755     3,108    -44%   (1,353)

Intangible assets     				  2,068     1,653     25%       415

incl. goodwill                                      950      1223                  

TOTAL NON-CURRENT ASSETS                         41,904    40,979      2%       925

TOTAL ASSETS                                    214,501   186,417     15%    28,084

                                                                                   

                                                                                   

                                                                                   

LIABILITIES AND OWNERS' EQUITY                 30/09/98  30/09/97  Change    Change

                                                                        %       EEK

CURRENT LIABILITIES	                                            98/97          

Debt obligations                                 47,881    45,212      6%     2,669

Customer prepayments for goods and services         112       506    -78%     (394)

Supplier payables                                22,782    14,566     56%     8,216

Tax liabilities                                   5,068     1,708    197%     3,360

Accrued expenses                                  5,015     4,699      7%       316

TOTAL CURRENT LIABILITIES                        80,858    66,691     21%    14,167

NON-CURRENT LIABILITIES                                                          -

Non-current payables 		                 14,733     9,062     63%     5,671

Provisions		                            134     1,203    -89%   (1,069)

TOTAL NON-CURRENT LIABILITIES                    14,867    10,265     45%     4,602

TOTAL LIABILITIES                                95,725    76,956     24%    18,769

MINORITY INTEREST                                   674       974    -31%     (300)

OWNERS' EQUITY                                                                    -

Share capital                                    48,000    48,000      0%         -

Capital surplus                                  23,834    23,889      0%      (55)

Reserves                                         22,885    22,885      0%         -

Retained earnings		                 17,091     8,122    110%     8,969

profit (loss) for the financial year              6,243     5,591     12%       652

Treasury shares (minus)                               -         -                 -

Exchange differences                                 49         -                49

TOTAL OWNERS' EQUITY                            118,102   108,487      9%     9,615

TOTAL LIABILITIES AND OWNERS' EQUITY            214,501   186,417     15%    28,084