MERKO EHITUS

BALANCE SHEET

31.03.99

 

Consolidated, unaudited

in thousand EEK

                                                       31.03.99     31.12.98     31.03.98

 

Cash and bank                                            18 953       14 199        4 125

 

Marketable securities	                                 43 397       14 945       58 570

 

Accounts receivable                                      84 187      139 143       74 001

Allowance for doubtful accounts                             -30          -30          -12

                    Total customer receivables           84 157      139 113       73 989

 

Receivables from subsidiaries                             1 131        1 238        4 177

Other current receivables                                24 921       34 164       26 774

                    Total other receivables              26 052       35 402       30 951

 

Interests                                                   727          350        2 021

Other accrued income                                      1 824        1 778

                    Total accrued income   	          2 551        2 128        2 021

 

Prepaid/refundable tax receivables                        5 051        5 488        3 060

Other prepaid expenses             		          7 601       11 158        1 147

  		    Total prepaid expenses               12 652       16 646        4 207

 

Raw materials                                             1 664        2 078        1 151

Work-in-progress                                         26 791       14 186        5 357

Finished goods                                               53          100

Merchandise purchased for resale                          3 823        8 229        6 642

Customer prepayments                                        488          370       23 061

                    Total inventories   	         32 819       24 963       36 211

TOTAL CURRENT ASSETS                                    220 581      247 396      210 074

 

Shares in subsidiaries                                   12 741       10 962        3 205

Other shares, units and bonds                             2 317        1 565        2 450

Other non-current receivables                            15 473       13 754        4 170

       		    Total financial assets               30 531       26 281        9 825

 

Land and buildings                                       88 078       87 799       18 744

Building rights		                                  7 765        7 762        8 683

Plant and equipment                                      11 718       14 098        9 487

Other equipment and fixtures			          9 005        6 437        5 003

Accumulated depreciation                                -15 118      -13 121       -9 247

Unfinished building                                       1 206          809       13 500

Prepayments for non-current assets                           39           39          630

                    Total tangible assets	        102 693      103 823       46 800

 

Development costs                                             5            8

Goodwill                                                  1 550        1 665        1 338

                    Total intangible assets               1 555        1 673        1 338

 

TOTAL NON-CURRENT ASSETS                                134 779      131 777       57 963

 

TOTAL ASSETS                                            355 360      379 173      268 037

 

 

Debentures (except bank loans)                              182          191          206

Current period repayments of long-term bank loans         2 590        3 456

Short-term loans from financial institutions             12 034       30 707

                    Total debt obligations               14 806       34 354          206

 

Customer prepayments                                     20 123       29 961       33 975

Supplier payables                                        42 859       59 786       31 039

Payables to subsidiaries and parent                       1 816        1 518

Payables to affiliated enterprises                        6 903        4 671          937

                    Total other payables                  8 719        6 189          937

 

Maksuvõlad                                                3 729        3 238       14 224

 

Salary-related expenses                                   5 117        7 337        6 980

Interest payable                                            195          302

Other accrued expenses                                    1 724        1 294          208

                    Total accrued expenses                7 036        8 933        7 188

 

Short-term provisions                                     2 642        2 585        3 567

Other prepaid revenues			                 55 924       41 562       42 871

TOTAL CURRENT LIABILITIES                               155 838      186 608      134 007

 

Non-convertible debt		                          8 085        8 125          144

Bank loans                                               26 544       26 544

                    Total long-term debt obligations     34 629       34 669          144

 

Due to subsidiaries and parent                               42           42

Other long-term provisions                                2 221        2 315          225

TOTAL NON-CURRENT LIABILITIES                            36 892       37 026          369

 

Share capital                                            88 500       88 500       29 500

Capital surplus                                           2 950        2 950       61 950

Mandatory reserve capital                                 2 950        2 950        2 212

Retained earnings		                         58 753       20 270       26 170

Net profit for the year                                   6 188       38 483       13 003

Exchange differences                                        614            4

TOTAL OWNERS' EQUITY                                    159 955      153 157      132 835

 

MINORITY INTEREST                                         2 675        2 382          826

 

TOTAL LIABILITIES AND OWNERS' EQUITY                    355 360      379 173      268 037