XXL.EE

BALANCE SHEET

 

BALANCE SHEET FOR 1998-99 FINANCIAL YEAR (18 MONTHS)

 

Financial year:  01.07.98-31.12.99

EEK thousand                                             parent        parent        parent

                                                       31.12.99      30.06.98      31.12.98

ASSETS

Cash and bank                                                13         1,024           454

Marketable securities

Customer receivables                                      4,140        13,168         9,392

incl. accounts receivable                                 6,327        13,292        12,516

Allowance for doubtful accounts                          -2,187          -124        -3,124

Other receivables                                         3,910         1,408         2,818

incl.receivables from subsidiaries                        1,050           118            26

Receivables from associated companies

Other current receivables                                 2,860         1,290         2,792

Accrued income                                              861           745           422

incl.interest receivables                                   861           605           352

dividends receivable                                                      140            70

Prepaid expenses                                          2,363         4,126         6,654

incl.Prepaid/refundable tax receivables                   2,003         4,038         5,230

Other prepaid expenses                                      360            88         1,424

Inventories                                               1,067        21,506        11,660

incl.raw materials

finished goods                                                          1,905           473

merchandise purchased for resale                            954        18,488        10,376

prepayments to suppliers                                    113         1,113           811

Total current assets                                     12,354        41,977        31,400

 

Long-term financial assets                                8,841        39,602        11,155

incl.stock and shares in subsidiaries                     1,399        15,740         1,681

Stock and shares in associated companies                                1,702

Non-current receivables from subsidiaries                 7,014        22,000         7,014

Other non-current receivables                               428           160         2,460

Tangible assets                                           1,040         1,811         1,769

incl.land and building                                      357

Plant and equipment                                         575           754           983

Other equipment and fixtures                              1,018         2,389         1,837

Accumulated depreciation                                   -910        -1,332        -1,051

Fixed assets under construction

Prepayments for non-current assets

Intangible assets                                         1,949           115            77

incl.concessions, patents, trademarks, etc.               1,949           115            77

Total non-current assets                                 11,830        41,528        13,001

Total assets                                             24,184        83,505        44,401

 

Liabilities and owners' equity

Debt obligations                                         18,430        18,192        18,485

incl.Debentures (except bank loans)                       2,901            76            68

Current period long-term debt repayment                   2,210         6,357         6,190

Short-term loans from financial institutions             13,319        11,759        12,227

Customer prepayments                                         13            17            52

Supplier payables                                         5,541        10,758        10,308

incl. accounts payable                                    5,541        10,758        10,308

Other payables                                                0         6,342            59

incl.payables to subsidiaries                                           6,342            59

Tax liabilities                                               0           122           325

Accrued expenses                                            724         1,465           492

incl.salary-related accrued expenses                        174           311           324

Interest payable                                             69         1,114            40

Other accrued expenses                                      481            40           128

Other prepaid revenues

Total current liabilities                                24,708        36,896        29,721

 

Long-term debt liabilities                                    0         5,715         3,790

incl.non-convertible long-term debt                                        72           224

Long-term bank loans                                                    5,643         3,566

Deferred income tax liability                                             231           231

Total non-current liabilities                                 0         5,946         4,021

Total liabilities                                        24,708        42,842        33,742

 

Minority interest

 

Share capital in nominal value                           20,000        16,000        16,000

Capital surplus                                          19,006        15,006        15,006

Mandatory reserve capital                                   767           553           767

Retained earnings                                         8,891         4,823         8,891

Profit/loss for the financial year                      -49,188         4,282       -30,005

Total owners' equity                                       -524        40,664        10,659

Total liabilities and owners' equity                     24,184        83,506        44,401

 

 

Arho Anttila arho@xxl.ee

Chief Executive

+372 62 83 601