AS ESTIKO

BALANCE SHEET

31.03.99

 

Consolidated, unaudited

in thousand EEK

 

ASSETS                                                            

CURRENT ASSETS                                     31.03.99    31.03.98

Cash and bank                                         4 568       5 931

Marketable securities                                 3 355          74

Accounts receivable                                  17 582      31 984

Allowance for doubtful accounts                        -897        -502

Other receivables                                       241         815

Accrued income					         45          28

Prepaid expenses			              3 630       7 327

TOTAL                                                28 524      45 657

Inventories:                                                                 

Raw materials                                         4 687       3 990

Work-in-process                                         388         321

Finished goods                                        4 814       4 242

Merchandise purchased for resale                          0      20 611

Prepayments to suppliers                                290         102

Total inventories                                    10 179      29 266

TOTAL CURRENT ASSETS                                 38 703      74 923

 

NON-CURRENT ASSETS                                                       

Long-term financial investments:                                    

Other long-term receivables                             485          41

Total long-term financial investments                   485          41

Tangible assets:                                                  

Land and buildings (acquisition cost)               111 000      74 397

Plant and equipment (acquisition cost)               54 545      28 160

Other equipment and fixtures                          2 822      14 812

(acquisition cost)

Accumulated depreciation (less)                     -20 669     -22 447

Unfinished building                                   3 074      50 174

Prepayments for tangible assets                         811      11 198

Total tangible assets                               151 583     156 294

Intangible assets                                                14 574

TOTAL NON-CURRENT ASSETS                            152 068     170 909

TOTAL ASSETS                                        190 771     245 832

 

LIABILITIES AND OWNERS' EQUITY                                     

LIABILITIES                                        31.03.99    31.03.98

CURRENT LIABILITIES                          

Debentures (except bank loans)                        5 930      11 650

Current period repayment of long-term bank loans     14 276       5 475

Short-term loans from credit institutions             3 097      17 475

Customer prepayments 				        636         699

Supplier payables                                     5 304      49 737

Tax liabilities                                       1 461       3 657

Accrued expenses                                      2 844       6 815

Other prepaid revenues                                  116         823

TOTAL CURRENT LIABILITIES                            33 664      96 331

 

NON-CURRENT LIABILITIES                          

Non-convertible debt obligations                      6 709      15 053

Bank loans                                           62 031      35 624

Long-term provisions                                              2 691

TOTAL NON-CURRENT LIABILITIES                        68 740      53 368

 

MINORITY INTEREST                                    14 118      26 188

TOTAL LIABILITIES                                   116 522     175 887

 

OWNERS' EQUITY                       

Share capital in nominal value                       59 851      39 922

Capital surplus                                       5 161       7 375

Mandatory reserve capital                             2 122       2 285

Retained earnings                                     7 335      18 359

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR               867       2 004

Treasury shares (less)                               -1 087           0

TOTAL OWNERS' EQUITY                                 74 249      69 945

TOTAL LIABILITIES AND OWNERS' EQUITY                190 771     245 832

 

 

Igor Sada

Financial Director of the Group

Tel. +372 747 6916