AS NORMA

BALANCE SHEET

 

Consolidated balance sheet 30.09.99

 

unaudited, in thousand EEK

                                                        30.09.99        31.12.98

ASSETS

Current assets

1. Cash and bank                                          167,006          66,892

2. Marketable securities                                      195             148

3. Accounts receivable

Customer receivables                                      118,965         149,006

Allowance for doubtful accounts                            -9,453         -12,339

Total                                                     109,512         136,667

4. Other receivables

Receivables from parent                                       321               0

Receivables from affiliated enterprises                       743             912

Other current receivables                                   1,449           3,092

Total                                                       2,514           4,004

5. Prepaid expenses

Prepaid/refundable tax receivables                         12,989          14,741

Other prepaid expenses                                        535             951

Total                                                      13,524          15,692

6. Inventories

Raw materials                                              31,395          26,219

Work-in-process                                            11,846          11,408

Finished goods                                              8,670          15,143

Merchandise purchased for resale                              180             303

Prepayments to suppliers                                    3,144           3,617

Total                                                      55,236          56,690

TOTAL CURRENT ASSETS                                      347,986         280,094

 

NON-CURRENT ASSETS

7. Long-term financial investments

Shares and units in affiliated enterprise                   1,786           1,774

Other shares or units                                          27              27

Other non-current receivables                               2,674           2,674

Total                                                       4,487           4,475

8. Tangible assets

Land and buildings (acquisition cost)                      60,127          59,415

Plant and equipment (acquisition cost)                    218,815         216,812

Other equipment and fixtures                                2,257           2,199

Accumulated depreciation                                 -133,341        -113,892

Fixed assets under construction                               265           2,593

Prepayments for tangible assets                             1,873               0

Total                                                     149,996         167,128

9. Intangible assets

Development costs                                           2,178           2,302

Total                                                       2,178           2,302

TOTAL NON-CURRENT ASSETS                                  156,662         173,904

TOTAL ASSETS                                              504,648         453,998

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES

CURRENT LIABILITIES

10. Short-term loans                                        3,080          16,416

11. Customer prepayments                                    2,636           2,804

12. Supplier payables                                           0               0

Accounts payable                                           17,310          18,500

Total                                                      17,310          18,500

13. Tax liabilities                                        22,692           6,912

14. Accrued expenses

Salary-related expenses                                    11,065           9,695

Interest expenses                                           1,331             439

Other accrued expenses                                         53              38

Total                                                      12,449          10,172

15. Other prepaid revenues                                    348               0

TOTAL CURRENT LIABILITIES                                  58,515          54,804

NON-CURRENT LIABILITIES

16. Other long-term debt

Bank loans                                                 63,584          63,584

Payables to parent company                                    467             845

Long-term provisions                                       14,873          16,793

TOTAL NON-CURRENT LIABILITIES                              78,924          81,222

MINORITY INTEREST                                               0               0

TOTAL LIABILITIES                                         137,439         136,026

OWNERS' EQUITY

17. Share capital in nominal value                        132,000         132,000

18. Other reserves                                          2,436           2,436

19. Mandatory reserve capital                              13,200          13,200

20. Retained earnings                                     130,063         122,758

21. NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR              89,508          47,558

TOTAL OWNERS' EQUITY                                      367,208         317,952

TOTAL LIABILITIES AND OWNERS' EQUITY                      504,648         453,978

 

 

Raivo Harand

Controller

+372 6 500 482