AS BALTIKA

BALANCE SHEET

31.05.99

 

unconsolidated, unaudited

in thousand EEK 

 

ASSETS                                                     31.05.99        31.05.98      Change %      Change

CURRENT ASSETS

Cash and bank                                                 5,144           2,635           95%       2,509

Marketable securities                                         1,218           1,154            6%          64

Customer receivables                                         35,916          41,499          -13%      (5,583)

Other receivables and accrued income                         28,828          31,589           -9%      (2,761)

Prepaid expenses and tax refunds                              5,441           6,642          -18%      (1,201)

Total inventories:                                           55,304          59,921           -8%      (4,617)

Raw materials                                                21,158          19,519            8%       1,639

Finished goods                                               29,138          28,344            3%         794

Work-in-process                                               3,973          11,506          -65%      (7,533)

Prepayments to suppliers                                      1,035             552           88%         483

TOTAL CURRENT ASSETS                                        131,851         143,440           -8%     (11,589)

 

NON-CURRENT ASSETS                                               

Long-term financial investments                              20,577          17,552           17%       3,025

Total tangible assets                                        46,267          42,322            9%       3,945

Land and buildings                                           40,910          33,096           24%       7,814

Plant and equipment                                          44,000          41,056            7%       2,944

Other inventory                                               8,219           7,464           10%         755

Accumulated depreciation                                    (46,959)        (39,895)          18%      (7,064)

Prepayments for non-current assets 

and unfinished building                                          97             601          -84%        (504)

Intangible assets                                               958           1,211          -21%        (253)

TOTAL NON-CURRENT ASSETS                                     67,802          61,085           11%       6,717

TOTAL ASSETS                                                199,653         204,525           -2%      (4,872)

 

LIABILITIES AND OWNERS' EQUITY                             31.05.99        31.05.98      Change %    thous.EEK

CURRENT LIABILITIES                                               

Debt obligations                                             40,470          25,371           60%      15,099

Customer prepayments for goods and services                       1               5          100%          (4)

Supplier payables                                             9,757          14,494          -33%      (4,737)

Tax liabilities                                               1,937           1,793            8%         144

Accrued expenses                                              3,687           5,477          -33%      (1,790)

TOTAL CURRENT LIABILITIES                                    55,852          47,140           18%       8,712

 

NON-CURRENT LIABILITIES                                             

Long-term debt obligations                                   29,664          37,342          -21%      (7,678)

Long-term provisions                                            816             539           51%         277

TOTAL NON-CURRENT LIABILITIES                                30,480          37,881          -20%      (7,401)

TOTAL LIABILITIES                                            86,332          85,021            2%       1,311

 

OWNERS' EQUITY                                                         

Share capital                                                48,000          48,000            0%         -

Capital surplus                                              24,039          23,834            1%         205

Reserves                                                     22,884          22,884            0%         -

Retained earnings                                            18,530          17,116            8%       1,414

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                       415           7,670          -95%      (7,255)

Treasury shares (less)                                         (547)            -                        (547)

TOTAL OWNERS' EQUITY                                        113,321         119,504           -5%      (6,183)

TOTAL LIABILITIES AND OWNERS' EQUITY                        199,653         204,525           -2%      (4,872)

 

 

Avo Reiska

Financial Director

+372 6 302 717