REVAL HOTELLIGRUPI AS

BALANCE SHEET

30.09.99

 

Consolidated balance sheet

unaudited, in thousand EEK

                                                            30.09.99      31.12.98

ASSETS

Current assets

Cash and cash equivalents                                     33,777        21,474

Accounts receivable                                           10,078         6,525

Other receivables                                              1,897         2,568

Accrued income                                                     0         1,634

Prepaid revenues                                               5,956         1,355

Inventories                                                    2,952         3,891

Total current assets                                          54,660        37,448

Non-current assets

Long-term financial investments                               30,627        21,967

Tangible assets                                              261,027       276,183

Intangible assets                                              5,232         7,111

Prepayments for fixed assets                                       0             0

Total non-current assets                                     296,886       305,261

Deferred income tax                                              482           482

TOTAL ASSETS                                                 352,028       343,191

 

 

LIABILITIES AND OWNERS EQUITY

Current liabilities

Current period share of non-current liabilities               10,748        45,897

Customer prepayments                                             978           531

Supplier payables                                              4,872         6,179

Other payables                                                   111           577

Tax liabilities                                               14,993        13,184

Accrued expenses                                               3,623         7,030

Total current liabilities                                     35,324        73,398

Non-current liabilities

Long-term debt                                               154,028       148,602

Deferred income tax liability                                  5,840         5,840

Total non-current liabilities                                159,868       154,442

OWNERS EQUITY

Share capital                                                 48,143        40,884

Capital surplus                                               28,907        12,032

Mandatory reserve capital                                      2,552         1,363

Retained earnings                                             59,883        37,298

Net profit for the year                                       17,351        23,775

TOTAL OWNERS EQUITY                                          156,836       115,351

TOTAL LIABILITIES AND OWNERS EQUITY                          352,028       343,191