XXL.EE

BALANCE SHEET

 

BALANCE SHEET 99/09

Financial year:  01.07.98-31.12.99

unonsolidated, unaudited

in thousand EEK

                                                    30.09.99      30.09.98

ASSETS

Cash and bank                                             24           384

Marketable securities                                                    0

Customer receivables                                   6,208        15,259

incl. accounts receivable                              8,644        15,382

Allowance for doubtful accounts                       -2,437          -124

Other receivables                                      1,374         8,013

incl.receivables from subsidiaries                                   1,263

Receivables from associated companies

Other current receivables                              1,374         6,750

Accrued income                                           625           253

incl.interest receivables                                625           113

dividends receivable                                                   140

Prepaid expenses                                       2,726         4,668

incl.Prepaid/refundable tax receivables                2,317         3,822

Other prepaid expenses                                   408           846

Inventories                                            4,984        20,083

incl.raw materials

finished goods                                            17         1,132

merchandise purchased for resale                       4,743        16,809

prepayments to suppliers                                 223         2,141

Total current assets                                  15,939        48,659

 

Long-term financial assets                            10,814        34,243

incl.stock and shares in subsidiaries                  1,828        15,127

Stock and shares in associated companies                             1,794

Non-current receivables from subsidiaries              7,014        16,002

Other non-current receivables                          1,971         1,319

Tangible assets                                        1,152         2,007

incl.land and building                                   110

Plant and equipment                                      575         1,049

Other equipment and fixtures                           1,752         2,502

Accumulated depreciation                              -1,286        -1,544

Fixed assets under construction

Prepayments for non-current assets

Intangible assets                                         19            96

incl.concessions, patents, trademarks, etc.               19            96

Total non-current assets                              11,985        36,346

Total assets                                          27,924        85,005

 

Liabilities and owners' equity

Debt obligations                                      23,118        18,069

incl.Debentures (except bank loans)                    7,352           100

Current period long-term debt repayment                2,810         5,246

Short-term loans from financial institutions          12,956        12,724

Customer prepayments                                      31         3,064

Supplier payables                                      6,909        13,892

incl. accounts payable                                 6,909        13,892

Other payables                                                       2,043

incl.payables to subsidiaries                              0         2,043

Tax liabilities                                            0           188

Accrued expenses                                         857           383

incl.salary-related accrued expenses                     229           308

Interest payable                                          69            44

Other accrued expenses                                   559            31

Other prepaid revenues

Total current liabilities                             30,915        37,638

 

Long-term debt liabilities                                 0         5,868

incl.non-convertible long-term debt                                    224

Long-term bank loans                                                 5,643

Deferred income tax liability                                          231

Total non-current liabilities                              0         6,098

Total liabilities                                     30,915        43,737

 

Minority interest

 

Share capital in nominal value                        16,000        16,000

Capital surplus                                       15,006        15,006

Mandatory reserve capital                                767           553

Retained earnings                                      8,891         9,105

Profit/loss for the financial year                   -43,654           605

Total owners' equity                                  -2,991        41,269

Total liabilities and owners' equity                  27,924        85,005

 

 

Arho Anttila arho@xxl.ee

Chief Executive

Tel. +372 60 53 760