AS KALEV

BALANCE SHEET

31.12.98

 

Consolidated, unaudited

 

ASSETS                                         Consolidated   Consolidated

CURRENT ASSETS                                     31.12.98       31.12.97

Cash and bank                                    12,430,311     11,738,215

Marketable securities                            17,728,666      6,920,915

Accounts receivable                              57,648,637     78,677,601

Other receivables                                 9,557,188     26,606,130

Accrued income                                      813,408        173,229

Prepaid expenses                                  6,380,973      5,650,272

Inventories                                      53,398,351     60,489,951

TOTAL CURRENT ASSETS                            157,957,534    190,256,313

 

NON-CURRENT ASSETS

Long-term financial investments in subsidiaries                 23,508,059

Other non-current receivables                     8,820,975      5,921,531

Tangible assets                                  78,008,577     66,825,848

Goodwill of subsidiaries                         24,025,592

TOTAL NON-CURRENT ASSETS                         86,829,552    120,281,030

 

TOTAL ASSETS                                    244,787,086    310,537,343

 

LIABILITIES AND OWNERS' EQUITY

 

LIABILITIES

Debt obligations                                 27,405,317     83,792,278

Customer prepayments                                  1,063        445,534

Supplier payables                                28,631,069     58,844,742

Tax liabilities                                   4,168,376      9,759,012

Other liabilities                                 9,609,546      8,234,406

TOTAL CURRENT LIABILITIES                        69,815,371    161,075,972

 

Oong-term debt obligations                      117,319,200

Other long-term debt                              3,332,214      6,598,595

TOTAL NON-CURRENT LIABILITIES                   120,651,414      6,598,595

 

MINORITY INTEREST                                                2,299,291

 

OWNERS' EQUITY

Share capital                                    78,775,000     78,775,000

Capital surplus                                  29,591,459     29,591,459

Exchange differences                             -3,175,931

Reserve                                           6,828,239        750,000

Retained earnings                                15,718,693      1,055,833

Net profit for the year                         -73,417,159     30,391,193

TOTAL OWNERS' EQUITY                             54,320,301    140,563,485

 

TOTAL LIABILITIES AND OWNERS' EQUITY            244,787,086    310,537,343

 

 

Eva Jaanson

Accountant