AS HARJU ELEKTER

BALANCE SHEET

31.12.98

 

Consolidated, audited

 

ASSETS                                       31.12.98      31.12.97

Current assets                                            corrected

Cash and bank                               5 867 060     5 519 660

Marketable securities                         367 971     1 433 422

Customer receivables                                               

Accounts receivable                        12 620 051     6 823 953

Allowance for doubtful accounts              -552 000       -96 894

Total                                      12 068 051     6 727 059

Other receivables                                                

 Receivables from affiliated enterprises      350 611       239 902

 Other current receivables                    367 909       511 036

Total                                         718 520       750 938

Accrued income                                                    

Interests                                      32 652        24 512

Prepaid expenses                             

Tax prepayments                               603 940       689 754

Other prepaid expenses                        121 058       347 558

Total                                         724 998     1 037 312

Inventories                                                             

Raw materials                              10 802 822     9 345 595

Work-in-progress                            3 649 104     2 168 423

Finished goods                              2 630 617     2 374 477

Merchandise purchased for resale            3 011 458     2 898 830

Prepayments to suppliers                        4 919        79 303

Total                                      20 098 920    16 866 628

Total current assets                       39 878 172    32 359 531

                                                                   

Non-current assets                                                           

Financial assets                                

Stock and shares in subsidiaries            3 644 407             0

Non-current receivables from subsidiaries     434 260             0

Stock and shares in affiliated enterprises 16 075 995    14 329 427

Other shareholdings                         1 554 075     1 570 348

Other non-current receivables                 514 171       430 620

Total                                      22 222 908    16 330 395

Tangible assets                                               

Land and buildings                         37 200 196    2 394 4963

Plant and equipment                        21 517 382    14 639 716

Other inventory                             1 740 267     1 241 807

Accumulated depreciation                  -14 607 552   -11 414 598

Unfinished building                           504 634             0

Uninstalled equipment                               0     2 414 684

Prepayments for non-current assets            564 244       182 390

Total                                      46 919 171    31 008 962

Total non-current assets                   69 142 079    47 339 357

TOTAL ASSETS                              109 020 251    79 698 888

                                                                   

LIABILITIES AND OWNERS' EQUITY

Liabilities                                                         

Current liabilities                                            

Debt obligations                                                     

Current period long-term debt repayment     4 937 816     1 828 114

Short-term loans from credit institutions   2 010 747       512 512

Total                                       6 948 563     2 340 626

Customer prepayments                          276 351       392 315

Supplier payables                           7 689 894     5 968 200

Tax liabilities                             2 549 348     3 954 243

Accrued expenses                                                         

Salary-related expenses                     3 927 849     2 839 392

Other accrued expenses                         10 269        11 722

Total                                       3 938 118     2 851 114

Other prepaid revenues                              0       295 939

Total current liabilities                  21 402 274    15 802 437

Non-current liabilities                                           

Long-term bank loans                       15 744 174     6 093 686

Other provisions                            2 494 791     1 869 755

Total non-current liabilities              18 238 965     7 963 441

Total liabilities                          39 641 239    23 765 878

                                                                   

Owners' equity                                                         

Share capital nominal value                18 000 000    18 000 000

Mandatory reserve capital                   2 010 000     1 010 000

Retained earnings                          33 223 010    26 429 046

Net profit for the year                    16 146 002    10 493 964

Total owners' equity                       69 379 012    55 933 010

TOTAL LIABILITIES AND OWNERS' EQUITY      109 020 251    79 698 888

 

 

Karin Padjus

Head Accountant

+372 674 7403