AS EESTI TELEKOM

BALANCE SHEET

31.03.99

 

IAS, consolidated, unaudited

EEK thous.

 

                                            Group                              Estonian Telephone Co.

                                           31.03.99     31.12.98     31.03.98     31.03.99     31.12.98     31.03.98

ASSETS

Non-current assets

Land, buildings and equipment               2,038,471    2,058,386    1,965,268    2,032,793    2,052,685    1,962,036

Goodwill                                          814          903            0          814          903            0

Purchased licenses, patents and                43,317       50,920       41,947       43,306       50,755       41,227

trademarks

Development costs                                 223          400        1,035                         0            0

Investments in associated                       2,588        2,352            0        2,588        2,352            0

Other investments                                  98           98          855        4,290        3,945        2,768

Other long-term receivables                     1,306        1,306        1,302        1,306        1,306        1,302

Pre-paid taxes and expenses                   109,700      109,700      100,378      109,024      109,024      100,378

Total non-current assets                    2,196,517    2,224,065    2,110,785    2,194,121    2,220,970    2,107,711

 

Current assets

Inventory                                      61,668       50,598       68,551       61,668       50,598       68,551

Trade receivables                             390,813      315,248      280,298      387,816      313,445      278,599

Cash and equivalents                          112,364       71,492       92,987      108,621       66,510       89,129

Total current assets                          564,845      437,338      441,836      558,105      430,553      436,279

 

Total assets                                2,761,362    2,661,403    2,552,621    2,752,226    2,651,523    2,543,990

 

EQUITY AND LIABILITIES

Equity and reserves

Paid-in capital                               666,900      666,900      666,900      666,900      666,900      666,900

Reserves                                       34,316       21,607       10,764       34,316       21,607       10,764

Retained earnings                             509,156      564,761      496,265      509,156      564,761      496,265

Total equity and reserves                   1,210,372    1,253,268    1,173,929    1,210,372    1,253,268    1,173,929

 

Minority interest                               2,794        2,565        1,276            0            0            0

 

Non-current liabilities

Interest-bearing liabilities                  977,475      992,639    1,037,211      977,475      992,639    1,031,211

Deferred tax liabilities                                         0                                      0

Total non-current liabilities                 977,475      992,639    1,037,211      977,475      992,639    1,031,211

 

Current liabilities

Trade payables                                475,996      316,456      266,883      469,654      310,641      265,528

Interest-bearing liabilities                   94,725       96,475       73,322       94,725       94,975       73,322

Total current liabilities                     570,721      412,931      340,205      564,379      405,616      338,850

 

Total equity and liabilities                2,761,362    2,661,403    2,552,621    2,752,226    2,651,523    2,543,990