AS KLEMENTI

BALANCE SHEET

as of June 30, 1999

 

consolidated, unaudited

in thousand EEK

                                                                          30-Jun-99      30-Jun-98    Change         %

ASSETS

 

CURRENT ASSETS

1.Cash and bank                                                               6854           5903        951      16.11

2.Marketable securities                                                          1           1050      -1049     -99.90

3.Accounts receivable                                                        10543           9908        635       6.41

4.Other receivables                                                            520            602        -82     -13.62

5.Prepaid expenses                                                            1388            853        535      62.72

6.Inventories                                                                32608          42227      -9619     -22.78

6.1.Raw materials                                                            11500          14914      -3414     -22.89

6.2.Work-in-progress                                                          5184           9402      -4218     -44.86

6.3.Finished goods                                                           16174          17186      -1012      -5.89

6.4.Merchandise purchased for resale                                           543            300        243      81.00

6.5.Prepayments to suppliers                                                    27            540       -513     -95.00

6.6.Reserve for revaluation and write-off  of inventories                     -820           -115       -705     613.04

TOTAL CURRENT ASSETS                                                         51914          60543      -8629     -14.25

NON-CURRENT ASSETS

7.Long-term financial investments                                              205            457       -252     -55.14

8.Tangible assets                                                            32417          31906        511       1.60

8.1.Land and buildings                                                       27855          26403       1452       5.50

8.2.Plant and equipment                                                      14301          12505       1796      14.36

8.3.Other inventory                                                           4788           4530        258       5.70

8.4.Accumulated depreciation                                                -15581         -13344      -2237      16.76

8.5.Unfinished building                                                       1054           1765       -711     -40.28

8.6.Prepayments for tangible assets                                            -               47        -47    -100.00

9.Intangible assets                                                           1723           2461       -738     -29.99

Total non-current assets                                                     34345          34824       -479      -1.38

TOTAL ASSETS                                                                 86259          95367      -9108      -9.55

 

LIABILITIES AND OWNERS' EQUITY

Current liabilities

10.Debt obligations                                                          20506          26761      -6255     -23.37

11.Customer prepayments for goods and services                                 355           1689      -1334     -78.98

12.Supplier payables                                                          6384           3339       3045      91.19

13.Tax liabilities                                                            4886           3331       1555      46.68

14.Accrued expenses                                                           1668           2322       -654     -28.17

15.Other prepaid revenues                                                      -               71        -71    -100.00

Total current liabilities                                                    33799          37513      -3714      -9.90

Non-current liabilities

16.Long-term obligations                                                     17085          19566      -2481     -12.68

17.Long-term provisions                                                         61            -           61     100.00

Total non-current liabilities                                                17146          19566      -2420     -12.37

Total liabilities                                                            50945          57079      -6134     -10.75

 

Owners' equity

18.Share capital                                                             24250          24250          0       0.00

19.Capital surplus                                                            3774           3774          0       0.00

20.Revaluation reserve                                                         816            816          0       0.00

21.Other reserves                                                              863            783         80      10.22

22.Retained earnings                                                          7778           6249       1529      24.47

23.Net profit for the financial year                                         -2167           2416      -4583    -189.69

Total owners' equity                                                         35314          38288      -2974      -7.77

TOTAL LIABILITIES AND OWNERS' EQUITY                                         86259          95367      -9108      -9.55