Last update: 25.11.2024 11:14 (GMT+2)
AS EESTI TELEKOM FINANCIAL REPORT 15 July 2005
AS EESTI TELEKOM AND SUBSIDIARY COMPANIES
II QUARTER INCOME STATEMENT
Financial statements are prepared in thousands of EUR
II Quarter II
2005 Quarter
2004
Restated
Revenues
Net sales 79,540 81 848
Other operating income 376 410
Total revenues 79,916 82 258
Operating expenses
Materials, consumables, (27,537) (28 831)
supplies and services
Other operating expenses (8,471) (8 397)
Personnel expenses (8,300) (9 408)
Other expenses (301) (355)
Total operating expenses (44,609) (46 991)
Profit from operations before 35,307 35 267
depreciation
Depreciation, amortisation and (11,833) (13 074)
impairment of fixed and
intangible assets
Profit from operations 23,474 22 193
Net income / (expenses) from (55) (12)
associates
Other net financing items 890 657
Profit before tax 24,309 22 838
Income tax on dividends (22,274) (24 473)
Net profit / (loss) for the 2,035 (1 635)
period
Attributable to:
Equity holders of the parent 2,035 (1 638)
Minority interest - 3
2,035 (1 635)
Earnings per share for profit
attributable to the equity
holders of the parent during
the reporting period (expressed
in EUR per share)
Basic earnings per share 0.01 (0.01)
Diluted earnings per share 0.01 (0.01)
AS EESTI TELEKOM AND SUBSIDIARY COMPANIES
THE FIRST HALF YEAR INCOME STATEMENT
Financial statements are prepared in thousands of EUR
I HY 2005 I HY 2004 2004
Restated Restated
Revenues
Net sales 157,340 159,370 326,980
Other operating income 525 699 1,415
Total revenues 157,865 160,069 328,395
Operating expenses
Materials, consumables, (55,906) (56,036) (121,202)
supplies and services
Other operating expenses (16,375) (15,594) (33,245)
Personnel expenses (16,544) (19,207) (37,025)
Other expenses (532) (632) (1,278)
Total operating expenses (89,357) (91,469) (192,750)
Profit from operations 68,508 68,600 135,645
before depreciation
Depreciation, amortisation (23,989) (26,614) (52,182)
and impairment of fixed
and intangible assets
Profit from operations 44,519 41,986 83,463
Net income / (expenses) 135 (24) 2,888
from associates
Other net financing items 1,650 1,264 1,937
Profit before tax 46,304 43,226 88,288
Income tax on dividends (22,274) (24,473) (24,473)
Net profit for the period 24,030 18,753 63,815
Attributable to:
Equity holders of the 24,030 18,772 63,502
parent
Minority interest - (19) 313
24,030 18,753 63,815
Earnings per share for
profit attributable to the
equity holders of the
parent during the
reporting period
(expressed in EUR per
share)
Basic earnings per share 0.17 0.14 0.46
Diluted earnings per share 0.17 0.14 0.46
AS EESTI TELEKOM AND SUBSIDIARY COMPANIES
BALANCE SHEET
Financial statements are prepared in thousands of EUR
30 June 31 30 June
2005 December 2004
2004
ASSETS
Non-current assets
Fixed assets 117,151 128,776 133,173
Goodwill 348 - 673
Licenses, patents and 5,300 5,828 6,763
trademarks
Investments in 1,337 1,202 1,039
subsidiaries and
associates
Non-current securities - - 173
Other non-current 1,716 1,277 595
receivables
Total non-current assets 125,852 137,083 142,416
Current assets
Inventories 7,105 7,949 7,177
Trade receivables 36,652 36,908 37,135
Other receivables 12,445 12,313 13,971
Current securities 2,060 1,845 1,825
Cash and cash equivalents 79,875 93,070 69,976
Total current assets 138,137 152,085 130,084
TOTAL ASSETS 263,989 289,168 272,500
EQUITY AND LIABILITIES
Equity
Equity attributable to
equity holders of the
parent
Issued capital 88,169 88,169 88,169
Reserves 31,571 31,550 31,550
Translation reserve - - -
Retained earnings 68,922 75,976 75,977
Net profit for the period 24,030 63,502 18,772
Total equity attributable 212,692 259,197 214,468
to equity holders of the
parent
Minority interest - - 846
Total equity 212,692 259,197 215,314
Non-current liabilities
Interest-bearing loans 64 38 119
and borrowings
Provisions 468 512 542
Total non-current 532 550 661
liabilities
Current liabilities
Trade payables 11,654 16,918 12,223
Other current liabilities 10,105 8,895 10,939
Tax liabilities 28,572 2,111 31,181
Interest-bearing loans 177 1,212 1,970
and borrowings
Provisions 257 285 212
Total current liabilities 50,765 29,421 56,525
TOTAL EQUITY AND 263,989 289,168 272,500
LIABILITIES
AS EESTI TELEKOM AND SUBSIDIARY COMPANIES
CASH FLOW STATEMENT
Financial statements are prepared in thousands of EUR
I Half I Half
Year 2005 Year 2004
Operating activities
Profit from operations 44,519 41,986
Adjustments for:
Depreciation, amortisation and 23,989 26,614
impairment of fixed and
intangible assets
(Profit) / loss from sales and (253) (173)
write-off of fixed assets
Operating cash flow before 68,255 68,427
changes in working capital
Change in current receivables 1,211 (6,256)
Change in inventories 845 (797)
Change in current liabilities (96) 2,349
Cash generated by operations 70,215 63,723
Interest paid (32) 7
Income tax on dividends paid (2) -
Net cash from operating 70,181 63,730
activities
Investing activities
Purchases of property, plant and (11,643) (11,718)
equipment
Purchases of licenses (311) (484)
Proceeds from sales of fixed 562 332
assets
Net cash outflow from (316) (247)
acquisition of subsidiaries
Purchases of current securities (1,558) (1,876)
Proceeds on disposal of current 1,329 3,164
securities
Loans granted (1,902) (408)
Repayment of loans granted 36 2
Interest received 1,968 1,937
Net cash used in investing (11,835) (9,298)
activities
Financing activities
Repayment of convertible debt - (3)
Proceeds from non-convertible 51 15
debt
Repayment of nonconvertible debt (141) (236)
Repayment of long-term (21) -
borrowings
Repayment of finance lease (944) (25)
liabilities
Repayment of short-term - (11)
borrowings
Shares issuance - 1,776
Dividends paid (70,541) (70,377)
Net cash used in financing (71,596) (68,861)
activities
Net change in cash and cash (13,250) (14,429)
equivalents
Cash and cash equivalents at 93,070 84,414
beginning of year
Effect of foreign exchange rate 55 (9)
changes
Cash and cash equivalents at end 79,875 69,976
of period
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