AS NORMA

BALANCE SHEET

 

CONSOLIDATED BALANCE SHEET 31.12.1999

 

in thousands kroons                               Group          Parent Company

                                                 1999     1998     1999     1998

         A s s e t s

Current assets

1. Cash and bank accounts (note 1)             91 192   66 892   89 129   64 177

2. Shares and other securities (note 2)        58 143      148   58 143      148

3. Customer receivables (note 3)

    Accounts receivable                       130 169  149 006  118 837  138 721

    Allowance for doubtful receivables        -19 690  -12 339  -14 491   -9 547

   Total                                      110 479  136 667  104 346  129 174

4. Other receivables (note 4)

    Receivables from subsidiary companies                           874   21 335

    Receivables from associated companies         667      912      667      912

    Other short-term receivables                2 983    3 092    2 980    2 986

   Total                                        3 650    4 004    4 521   25 233

5. Accrued income                                  95        0       93        0

6. Prepaid expenses

    Prepaid taxes                               6 694   14 741    5 666   12 340

    Other prepaid expenses                        466      951      337      492

   Total                                        7 160   15 692    6 003   12 832

7. Inventories (note 5)

     Raw materials                             25 791   26 219   24 746   20 944

     Work-in-process                           12 156   11 408    8 263    7 020

     Finished goods                            14 335   15 143   14 335   10 434

     Goods for resale                             924      303      902       29

     Prepayments to suppliers                   1 479    3 617    1 333    2 323

   Total                                       54 685   56 690   49 578   40 749

Total current assets                          325 404  280 094  311 813  272 314

Noncurrent assets

8. Long-term financial assets (note 6)

    Shares of subsidiarys                                        87 183   80 666

    Shares of associated companies              1 679    1 774    1 680    1 774

    Other shares and securities                     2       27        2       27

    Miscellaneous long-term receivables         1 493    2 674    1 495    2 674

   Total                                        3 174    4 475   90 360   85 141

9. Tangible assets (note 8)

    Land and buildings (gross carrying)        58 554   59 415    4 377    3 135

    Plant and equipment (gross carrying)      227 511  216 812  191 001  175 002

    Other equipment and fixtures                2 228    2 199    1 357    1 325

    Accumulated depreciation                 -132 568 -113 892 -104 798  -94 451

    Construction in progress                        0    2 593        0    2 593

    Prepayments on noncurrent physical asset    1 178        0        0        0

   Total                                      156 902  167 128   91 937   87 605

10. Intangible assets (note 8,9)

      Development costs                         3 310    2 302      870      937

   Total                                        3 310    2 302      870      937

Total noncurrent assets                       163 386  173 904  183 167  173 683

Total assets                                  488 790  453 998  494 981  445 997

 

          Liabilities and shareholders equity

Liabilities

Current liabilities

11. Short-term loans and notes

     Current portion of long-term debt         26 656   16 416   26 656   16 416

12. Customer advances for goods and services    2 875    2 804      485       93

13. Supplier payables (note 10)

     Accounts payables                         22 282   18 500   16 435   16 596

   Total                                       22 282   18 500   16 435   16 596

14. Payables to subsidiary/associated companies

     Payables to subsidiary companies               0        0   19 176   12 551

     Payables to associated companies             488        0        0        0

   Total                                          488        0   19 177   12 551

15. Taxes payable                              11 286    6 912    9 388    1 664

16. Accrued expenses

     Payables to employees                     12 888    9 695   10 273    7 656

     Interest payable                             271      439      270      439

     Other accrued expenses                        36       38       14       34

   Total                                       13 195   10 172   10 557    8 129

17. Other unearned income                          47        0        0        0

Total current liabilities (note 11)            76 829   54 804   82 697   55 449

18. Noncurrent liabilities

     Bank loans                                26 672   63 584   26 672   63 584

     Payables to subsidiary and parent compan.      0      845        0        0

     Provisions                                     0   16 793        0    9 341

Total noncurrent liabilities (note 11)         26 672   81 222   26 672   72 925

Total liabilities                             103 501  136 026  109 369  128 374

Shareholders equity

19. Share capital (par value)(note 13)        132 000  132 000  132 000  132 000

20. Mandatory legal reserve                    13 200   13 200   13 200   13 200

21. Other reserves                              2 436    2 436    2 436    2 436

22. Retained earnings                         130 063  122 758  130 386  122 409

23. Net profit (loss) for the financial year  107 588   47 578  107 588   47 578

Total owners` equity                          385 288  317 972  385 611  317 623

Total liabilities and owners' equity          488 790  453 998  494 981  445 997

 

 

Raivo Harand

Controller

+372 65 00 482