AS KALEV

BALANCE SHEET

29.06.99

 

consolidated, audited

in EEK

 

BALANCE SHEET

ASSETS 

                                       consolidated   consolidated

CURRENT ASSETS                           31.12.1998     31.12.1997 

Cash and bank                            12 430 311     11 738 215

Marketable securities                     1 239 087      6 920 915

Accounts receivable                      41 433 463     78 677 601

Other receivables                        28 814 158     26 606 130

Accrued income                              813 408        173 229

Prepaid expenses                          6 420 309      5 650 272

Inventories                              53 398 351     60 489 951

TOTAL CURRENT ASSETS                    144 549 087    190 256 313

 

NON-CURRENT ASSETS 

Long-term financial investments 

in subsidiaries                          16 489 579     23 508 059

Other non-current receivables             8 820 975      5 921 531

Tangible assets                          78 008 577     70 145 083

Goodwill of subsidiaries                                24 025 592

TOTAL NON-CURRENT ASSETS                103 319 131    123 600 265

 

T O T A L   A S S E T S                 247 868 218    313 856 578

 

 

LIABILITIES AND OWNERS' EQUITY

 

LIABILITIES

Debt obligations                         27 405 317     83 792 278

Customer prepayments                          1 063        445 534

Supplier payables                        28 575 606     58 844 742

Tax liabilities                           4 397 240      9 759 012

Other liabilities                         9 341 346      9 042 649

TOTAL CURRENT LIABILITIES                69 720 572    161 884 215

 

Long-term borrowings                    117 319 200

Other long-term debt                      3 332 214      8 912 806

TOTAL NON-CURRENT LIABILITIES           120 651 414      8 912 806

 

MINORITY INTEREST                                        2 299 291

 

OWNERS' EQUITY

Share capital                            78 775 000     78 775 000

Capital surplus                          29 591 459     29 591 459

Reserve                                   6 828 239        750 000

Retained earnings                        15 718 693      1 055 833

Net profit for the year                 -73 417 159     30 587 974

TOTAL OWNERS' EQUITY                     57 496 232    140 760 266

 

TOTAL LIABILITIES AND OWNERS' EQUITY    247 868 218    313 856 578

 

 

 

Eva Jaanson

chief accountant

+372 6283 730