FAKTO

BALANCE SHEET

 

CONSOLIDATED BALANCE SHEET 31.12.1999

 

Consolidated, audited

in thousand EEK

 

Assets                                        AS Fakto                   Group

Current assets                                31.12.99    31.12.98    31.12.99    31.12.98

 

Cash and bank                                      230         179       8,713       4,975

 

Customer receivables

Accounts receivable                              7,040       3,328      13,521      19,051

Allowance for doubtful accounts (less)            -467        -368      -1,024      -1,813

Total customer receivables                       6,573       2,960      12,497      17,238

 

Other receivables

Receivables from subsidiaries and                3,492       6,742          18           0

parent company

Other current receivables                        6,161       6,199       8,982       8,282

Total other receivables                          9,653      12,941       8,999       8,282

 

Accrued income

Calculated interest                                  3         114          49         112

Total accrued income                                 3         114          50         112

 

Prepaid expenses and prepaid/refundable

tax receivables

Prepaid/refundable tax receivables                 963         458       3,366       3,369

Prepaid expenses                                   398         156         351         434

Total prepaid expenses and                       1,360         614       3,717       3,804

prepaid/refundable tax receivables

 

Inventories

Raw materials                                       12           8          12           8

Work-in-progress                                   165         386         165         386

Merchandise purchased for resale                 5,508       5,814      22,472      30,045

Prepayments to suppliers                            32           0         295         294

Total inventories                                5,718       6,208      22,944      30,733

 

Total current assets                            23,537      23,016      56,920      65,145

 

Non-current assets

Long-term financial assets

Stock and shares in subsidiaries                 9,280      11,583           0           0

Goodwill                                           918       1,297         918       1,297

Stock and shares in associated companies             0         400           0         400

Other non-current receivables                    4,000           0       4,562       7,519

Total long-term financial assets                14,198      13,281       5,479       9,216

 

Tangible assets

Land and building                               47,404      47,404      72,408      72,074

Plant and equipment                              7,540       7,957      15,912      13,522

Other equipment and fixtures                     2,310       2,171       6,625       6,627

Accumulated depreciation (less)                -18,880     -15,845     -24,952     -19,761

Total tangible assets                           38,374      41,687      69,992      72,462

 

Intangible assets

Purchased  patents, licenses,                      199         124         557         246

trademarks, etc.

Total intangible assets                            199         124         557         246

 

Total non-current assets                        52,770      55,092      76,028      81,925

 

Total assets                                    76,307      78,108     132,948     147,070

 

 

Liabilities and owners' equity               AS Fakto                   Group

                                             31.12.99    31.12.98    31.12.99    31.12.98

Current liabilities

 

Short-term borrowings

Current period repayment of long-term debt       2,200       2,192       4,888       5,309

Short-term loans from credit institutions        4,981       3,418       4,981       3,418

Debentures                                          44         407       4,297       4,151

Total short-term borrowings                      7,225       6,018      14,166      12,878

 

Customer prepayments                             1,798         775       2,701       1,791

 

Supplier payables                               15,449      16,965      35,058      44,990

 

Tax liabilities                                  2,538       2,583       4,516       4,465

 

Accrued expenses

Salary-related accrued expenses                  1,322       1,378       2,617       2,706

Interest payable                                     6          32       2,826       2,009

Other accrued expenses                             167         246         358         279

Total accrued expenses                           1,496       1,656       5,802       4,994

 

Total current liabilities                       28,507      27,996      64,246      69,119

 

Non-current liabilities

 

Long-term borrowings

Non-convertible long-term debt                      40         163          40         340

Bank loans                                      13,200      11,644      25,823      27,067

Other long-term borrowings                           0           0       6,106       8,465

from financial institutions

Total long-term borrowings                      13,240      11,806      31,968      35,872

 

Other long-term debt obligations

Deferred income tax liability                        0       2,255           0       2,294

Total other long-term debt                           0       2,255           0       2,294

 

Total non-current liabilities                   13,240      14,061      31,968      38,167

 

Total liabilities                               41,746      42,057      95,213     107,286

 

Minority interest                                    0           0       3,175       3,733

 

Owners' equity

Share capital in nominal value                  16,501      16,501      16,501      16,501

Capital surplus                                  7,307       7,307       7,307       7,307

Restricted reserves                                767         502         767         502

Retained earnings                                9,167       6,452       9,167       6,452

Profit/loss for the financial year                 820       5,290         820       5,290

Total owners' equity                            34,561      36,051      34,561      36,051

 

Total liabilities and owners' equity            76,307      78,108     132,948     147,070

 

 

 

Indrek Vilde

CFO

+372 6 389 211