AS ESTIKO

BALANCE SHEET

30.06.99

 

Consolidated, unaudited

in thousand EEK

                               

ASSETS                                                            

CURRENT ASSETS                                30.06.1999 30.06.1998

Cash and bank                                      5 506      4 509

Marketable securities                                             0

Accounts receivable                               13 849     32 904

Allowance for doubtful accounts                     -888       -321

Other receivables                                    515        686

Accrued income                                        71         40

Prepaid expenses                                   3 520     15 343

TOTAL                                             22 573     53 161

Inventories:                                                             

Raw materials                                      4 474      6 038

Work-in-process                                      315        461

Finished goods                                     4 513      5 281

Merchandise purchased for resale                             25 879

Prepayments to suppliers                             385        170

Total inventories                                  9 687     37 829

TOTAL CURRENT ASSETS                              32 260     90 990

NON-CURRENT ASSETS                                             

Long-term financial investments:                                    

Other long-term receivables                          485         49

Total long-term financial investments                485         49

Tangible assets:                                                  

Land and buildings (acquisition cost)            111 000     83 440

Plant and equipment (acquisition cost)            55 500     34 404

Other equipment and fixtures                       2 870     21 471

(acquisition cost)

Accumulated depreciation (less)                  -23 445    -24 315

Unfinished building                                3 074     73 569

Prepayments for tangible assets                      143      5 735

Total tangible assets                            149 142    194 304

Intangible assets                                            12 900

TOTAL NON-CURRENT ASSETS                         149 627    207 253

TOTAL ASSETS                                     181 887    298 243

 

                                                                   

LIABILITIES AND OWNERS' EQUITY                                  

LIABILITIES                                         

CURRENT LIABILITIES                      

Debentures (except bank loans)                     5 398      3 891

Current period repayment of long-term bank loans  10 306      3 723

Short-term loans from credit institutions            716     22 496

Customer prepayments                                 430        704

Supplier payables                                  3 306     50 113

Tax liabilities                                    1 366      5 520

Accrued expenses                                   2 315      4 074

Other prepaid revenues                               179     12 945

TOTAL CURRENT LIABILITIES                         24 016    103 466

NON-CURRENT LIABILITIES                     

Non-convertible debt                               6 272     15 733

Bank loans                                        62 935     77 982

Long-term provisions                                          3 484

TOTAL NON-CURRENT LIABILITIES                     69 207     97 199

MINORITY INTEREST                                 12 190     25 938

TOTAL LIABILITIES                                105 413    226 603

OWNERS' EQUITY

Share capital in nominal value                    59 851     39 922

Capital surplus                                    5 161      7 375

Mandatory reserve capital                          2 122      2 122

Retained earnings                                  7 335     18 179

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR          3 092      4 052

Treasury shares (less)                            -1 087        -10

TOTAL OWNERS' EQUITY                              76 474     71 640

TOTAL LIABILITIES AND OWNERS' EQUITY             181 887    298 243