AS PENNU COMPUTER TECHNOLOGY GROUP

BALANCE SHEET

31.03.99

 

Financial year:  01.07-30.06

consolidated, unaudited

in thousand EEK

 

                                                         group        group        group

                                                      31.03.99     30.06.98     31.03.98

ASSETS

Cash and bank                                            1,506         1,625       5,871

Marketable securities                                                      0         735

Accounts receivable                                      9,593        13,694      17,952

  incl.customer receivables                             13,986        14,923      18,014

  Allowance for doubtful accounts (less)                -4,393        -1,230         -62

Other receivables                                        6,806        25,191       9,902

  Receivables from subsidiaries

  Receivables from affiliated companies

  Other current receivables                              6,806        25,191       9,902

Accrued income                                              70           411         142

  incl.interests                                                         271           2

  dividends                                                 70           140         140

Prepaid expenses 			                 3,113         5,626       9,578

  Prepaid/refundable tax receivables                     2,693         5,330       8,982

  Other prepaid expenses                                   420           296         596

Inventories                                             13,704        23,680      20,499

  incl. raw materials                                        3             8

  finished goods                                           382         1,905         570

  merchandise purchased for resale                      11,769        20,655      19,637

  prepayments to suppliers                               1,551         1,113         292

Total current assets                                    34,792        70,227      64,679

                                                                           0

Long-term financial investments                         30,928        31,220      37,070

  Stock and shares in subsidiaries                                         0

  Stock and shares in affiliated companies                 433         1,764       1,774

  Non-current receivables from subsidiaries                                0

  Other non-current receivables                         30,495        29,456      35,296

Tangible assets                                          1,917        62,353      67,483

  Land and building                                                   59,531

  Plant and equipment                                    1,064         1,101      13,111

  Other equipment and fixtures                           2,241         3,593       3,199

  Accumulated depreciation                              -1,388        -1,872      -3,155

  Unfinished building                                                             54,328

  Prepayments for non-current assets

Intangible assets                                           93           165

  concessions, patents, licence, trade marks purchased      93           165

Total non-current assets                                32,938        93,738     104,553

Total assets                                            67,730       163,964     169,231

 

 

Liabilities and owners' equity

Debt obligations                                        35,324        56,812      37,718

  Debentures (except bank loans)                         5,015             0         200

  Current period long-term debt repayment                1,097        10,912

  Short-term loans from financial institutions          29,212        45,899      37,518

Customer prepayments                                        85           207         144

Accounts payable                                         8,228        13,088      26,085

  Supplier payables                                      8,228        13,088      26,085

Other payables

  Payables to subsidiaries

Tax liabilities                                          1,209           757       2,709

Accrued expenses                                         1,189         2,456       1,960

  Salary-related accrued expenses                          657           647         647

  Interests payable                                         49         1,688       1,142

  Other accrued expenses                                   482           121         171

Other prepaid revenue                                      757         1,256

Total current liabilities                               46,791        74,576      68,616

                                                                           0

Long-term debt obligations                               3,718        42,088      53,000

  Non-convertible long-term debt                           152

  Long-term bank loans                                   3,566        42,088      53,000

Deferred income tax                                        231           241

Total non-current liabilities                            3,949        42,328      53,000

Total liabilities                                       50,740       116,904     121,616

 

Minority interest                                          170         6,466       4,000

 

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

Capital surplus                                         15,006        15,006      15,006

Mandatory reserve capital                                  767           555         553

Retained earnings                                        8,891         4,823       4,823

Profit/loss for the financial year                     -23,844         4,211       7,234

Total owners' equity                                    16,820        40,594      43,616

Total liabilities and owners' equity                    67,730       163,964     169,231