Andmed seisuga: 24.11.2024 13:55 (GMT+2)
EESTI TELEKOM
ANNOUNCEMENT
18.11.99
ESTONIAN TELEPHONE COMPANY
FINANCIAL STATEMENTS 09/99
ESTONIAN TELEPHONE COMPANY
PROFIT AND LOSS STATEMENT
EEK thous.
Group Parent Company
9 mths 9 mths 9 mths 9 mths
to 30 Sept 99 to 30 Sept 98 to 30 Sept 99 to 30 Sept 98
Revenues
Net sales 1,795,864 1,564,591 1,761,800 1,551,367
Change in work-in-progress -782 -204 -782 -204
Other revenues 7,962 17,752 7,906 17,700
Total revenues 1,803,044 1,582,139 1,768,924 1,568,863
Operating expenses
Materials, consumables, supplies 520,361 465,619 511,883 473,335
and services
Other operating expenses 192,831 161,104 181,650 154,241
Personnel expenses 267,149 248,831 258,716 241,999
Other expenses 16,260 12,618 16,256 12,549
Total operating expenses 996,601 888,172 968,505 882,124
Earnings before depreciation 806,443 693,967 800,419 686,739
Depreciation and value 490,689 385,732 488,913 384,198
adjustments of current assets
Operating profit 315,754 308,235 311,506 302,541
Financial income
Financial income from subsidiaries 650 0 2,586 2,361
and associated companies
Foreign exchange gain 91 2,783 88 2,768
Other financial income 1,561 2,695 1,493 2,695
Total financial income 2,302 5,478 4,167 7,824
Financial expenses
Intereste expenses 39,846 47,170 39,808 46,737
Foreign exchange loss 3,526 631 3,522 589
Other financial expenses 21,655 25,033 21,655 25,032
Total financial expenses 65,027 72,834 64,985 72,358
Profit before taxes 253,029 240,879 250,688 238,007
Income tax: expense (-) / income (+ -4,800 922 -3,750 2,220
Profit after taxes 248,229 241,801 246,938 240,227
Minority interest 1,291 1,574
Net profit 246,938 240,227 246,938 240,227
ESTONIAN TELEPHONE COMPANY
BALANCE SHEET
EEK thous.
Group Parent Company
30.Sept 99 30.Sept 98 31.Dec 98 30.Sept 99 30.Sept 98 31.Dec 98
ASSETS
Non-current assets
Land, buildings and equipment 2,079,118 2,048,201 2,058,386 2,073,793 2,045,502 2,052,685
Goodwill 635 1081 903 635 1081 903
Purchased licenses, patents 37,033 42,167 50,920 37,033 41,570 50,755
and trademarks
Development costs 0 894 400 0 0 0
Investments in associated 3,003 1,726 2,352 3,003 1,726 2,352
Other investments 98 98 98 5,881 3,901 3,945
Other long-term receivables 2,440 1,161 1,306 2,440 1,161 1,306
Pre-paid taxes and expenses 109,700 105,402 109,700 109,024 105,402 109,024
Total non-current assets 2,232,027 2,200,730 2,224,065 2,231,809 2,200,343 2,220,970
Current assets
Inventory 74,152 53,033 50,598 74,152 53,033 50,598
Trade receivables 482,137 297,326 315,248 479,150 295,143 313,445
Cash and equivalents 37,977 107,546 71,492 32,738 102,482 66,510
Total current assets 594,266 457,905 437,338 586,040 450,658 430,553
Total assets 2,826,293 2,658,635 2,661,403 2,817,849 2,651,001 2,651,523
EQUITY AND LIABILITIES
Equity and reserves
Paid-in capital 666,900 666,900 666,900 666,900 666,900 666,900
Reserves 34,316 21,607 21,607 34,316 21,607 21,607
Retained earnings 689,484 541,752 564,761 689,484 541,752 564,761
Total equity and reserves 1,390,700 1,230,259 1,253,268 1,390,700 1,230,259 1,253,268
Minority interest 3,856 2,535 2,565 0 0 0
Non-current liabilities
Interest-bearing loans 932,633 1,071,230 992,639 932,633 1,068,730 992,639
and othetr liabilities
Total non-current liabilities 932,633 1,071,230 992,639 932,633 1,068,730 992,639
Current liabilities
Trade payables 419,715 257,173 316,456 415,127 254,574 310,641
Interest-bearing liabilities 79,389 97,438 96,475 79,389 97,438 94,975
Total current liabilities 499,104 354,611 412,931 494,516 352,012 405,616
Total equity and liabilities 2,826,293 2,658,635 2,661,403 2,817,849 2,651,001 2,651,523
ESTONIAN TELEPHONE COMPANY
CASH FLOW STATEMENT
EEK thous.
Group Parent Company
9 mths 9 mths 9 mths 9 mths
to 30 Sept 99 to 30 Sept 98 to 30 Sept 99 to 30 Sept 98
Cash flow from operating activities
Profit before tax and minority interest 253,028 240,879 250,688 238,007
Depreciation 490,665 385,594 488,889 384,060
Profit from sales of fixed assets -274 -835 -274 -835
Loss from sales and write-off of 511 1,086 511 1,086
fixed assets
Dividends calculated 0 -75 0 -75
Income from subsidiaries and -650 0 -2,586 -2,360
associated companies
Interest income calculated -1,234 -2,442 -1,234 -2,442
Interests received 1,425 2,442 1,425 2,442
Interest expense calculated 39,845 47,170 39,808 46,737
Interests paid -47,934 -51,986 -47,880 -51,528
Income tax paid -39,597 -39,098 -38,475 -39,098
Other non-cash adjustments 3,590 -2,151 3,586 -2,179
Change in working capital
Change in current receivables -132,125 -66,621 -130,939 -65,745
Change in inventories -23,554 2,825 -23,554 2,825
Change in current liabilities 111,464 59,551 112,602 58,568
(excl. bank loans)
Net cash flow from operating activities 655,160 576,339 652,567 569,463
Cash flow from investing activities
Proceeds from sales of property, 1,848 1,538 1,848 1,538
plant and equipment
Dividends received 0 75 0 75
Receipts from long-term claims 77 135 77 135
Purchase of property, plant and equipmen -487,311 -465,671 -486,475 -465,417
Purchase of investments 0 -2,100 0 -2,100
Purchase of licenses -13,170 -7,670 -13,170 -7,670
Net cash flow from investing activities -498,556 -473,693 -497,720 -473,439
Cash flow from financing activities
Repayment of non-convertable long-term d -5,860 -6,297 -5,860 -6,297
Overtaken loan from Estpak Data 0 0 0 4,500
Proceeds from long-term borrowings 0 100,000 0 100,000
Proceeds from short-term borrowings 8,000 0 8,000 0
Repayment of long-term borrowings -82,684 -38,764 -81,184 -35,264
Payment of finance lease liabilities -70 -33 -70 -33
Dividends paid -109,505 -108,425 -109,505 -108,425
Net cash flow from financing activities -190,119 -53,519 -188,619 -45,519
Net increase / - decrease in cash -33,515 49,127 -33,772 50,505
and cash equivalents
Cash and cash equivalents at 71,492 58,419 66,510 51,977
beginning of period
Cash and cash equivalents at 37,977 107,546 32,738 102,482
the end of the period
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