HÜVITUSFOND

BALANCE SHEET

01.01.1999 - 31.03.1999

 

unaudited

 

       ASSETS                                    31.03.99       31.12.98

 

1.     CURRENT ASSETS                                                     

1.1.   Cash and bank		              185,709,502    172,115,014

1.2.   Marketable securities                  355,593,563    234,805,480

                                                                        

                                                                        

                                                                        

1.4.3. Other current receivables              300,387,203    315,112,577

1.5.   Accrued income                          59,592,680     39,849,773

                                                                        

1.6.   Prepaid expenses

1.6.1. Prepaid/refundable tax receivables         648,356        460,532

1.6.2. Other prepaid expenses                   3,698,937      4,674,897

       Total current assets                   905,630,241    767,018,212

                                                                        

2.     NON-CURRENT ASSETS

                                                                        

2.1.5. Financial assets		               43,760,688     40,825,394

2.1.6. Other non-current investments               27,000     17,674,944

2.1.7. Other non-current receivables          799,226,582    756,920,337

2.1.8. Allowance for doubtful accounts       -138,311,581   -138,311,581

                                                                        

2.2.1. Tangible non-current assets             21,410,948     21,095,948

                                                                        

2.2.4. Accumulated depreciation                 5,131,752      4,670,086

2.3.   Intangible assets                          210,822        235,882

       Total non-current assets               712,143,667     693,770838

       TOTAL ASSETS                         1,626,822,948  1,460,789,109

                                                                        

       LIABILITIES AND OWNERS' EQUITY

       

1.     LIABILITIES                                                       

1. 1.  Current liabilities                                          

1. 1.  Debt liabilities                       268,869,373    263,424,987

1.

1.1.2. Supplier payables                        2,509,719      5,559,522

1.1.3. Liabilities to subsidiaries                      0              0

                                                                        

                                                                        

1.1.6. Tax liabilities                             34,920        402,743

1.1.7. Accrued expenses                                                

1.1.7. Interests                               20,057,565     17,583,037

1

1.1.7. Salary-related payables                    230,605        303,652

2

                                                                        

       Total current liabilities              291,702,182    287,273,941

2.1.   Non-current liabilities                                          

2.1.1. Bonds issued      		      438,261,400    438,261,400

                                                                        

2.1.3. Other non-current liabilities            1,135,180      1,105,893

                                                                        

       Total non-current liabilities          439,396,580    439,367,293

       PROFIT/LOSS FROM OPERATIONS            895,724,186    734,147,875

       TOTAL LIABILITIES AND OWNERS' EQUITY 1,626,822,948  1,460,789,109