EESTI NÄITUSTE AS

BALANCE SHEET

30.06.1999

 

 

Unaudited

Thousand EEK

 

                                                     30.06.99     30.06.98  change (%)     31.12.98

ASSETS

CURRENT ASSETS

 

 1. Cash and bank                                         188        1,823         -90          800

 

 2. Accounts receivable                                 5,774        6,928         -17        4,858

 

 3. Other receivables                                     878        2,251         -61          229

 

 4. Prepaid expenses                                    1,804        3,779         -52          500

4.1.Prepaid/refundable tax receivables                  1,764        2,694         -35          497

4.2.Other prepaid expenses                                 40        1,085         -96            3

 

 5. Total inventories                                   3,205        8,471         -62        6,259

5.1.Raw materials                                       2,944        4,751         -38        2,925

5.2.Supplier prepayments                                  261        3,720         -93        3,334

 

TOTAL CURRENT ASSETS                                   11,849       23,252         -49       12,646

 

NON-CURRENT ASSETS

 

 6. Total long-term financial investments                 204                                   204

 

 7. Total tangible assets                              77,705       79,003          -2       79,196

7.1.Land and buildings                                 81,645       76,002           7       81,645

7.2.Plant and equipment                                 3,572        3,666          -3        3,521

7.3.Other inventory and fixtures                        1,887        2,189         -14        2,226

7.4.Accumulated depreciation                           -9,794       -7,472          31       -8,581

7.5.Unfinished building                                   395        4,618         -91          385

 

 8. Total intangible assets                             1,264        1,444                    1,354

8.1.Purchased trademarks                                1,800        1,800                    1,800

8.2.Amortization of intangible assets                    -536         -356                     -446

 

TOTAL NON-CURRENT ASSETS                               79,173       80,447          -2       80,754

 

TOTAL ASSETS                                           91,022      103,699         -12       93,400

 

 

LIABILITIES AND OWNERS EQUITY

LIABILITIES

CURRENT LIABILITIES

                                                     30.06.99     30.06.98   change (%)    31.12.98

 

 9. Total borrowings                                    3,453        7,607         -55        7,714

9.1.Current period long-term debt repayment             1,607        1,607           0        3,214

9.2.Short-term bank loans                               1,846        6,000         -69        4,500

 

10. Customer prepayments                                             1,749        -100          180

 

11. Supplier payables                                   2,550        4,688         -46        3,710

 

12. Tax liabilities                                       330        2,119         -84          537

 

13. Accrued expenses                                      852        1,092         -22          622

13.1Salary-related payables                               697          983         -29          226

13.2Interest expenses                                      52           79         -34           87

13.3Other accrued expenses                                103           30         243          309

 

TOTAL CURRENT LIABILITIES                               7,185       17,255         -58       12,763

 

NON-CURRENT LIABILITIES

 

14.  Total long-term borrowings			       20,048	    24,738         -19       20,048

14.1.Bank loans                                        11,250       14,465         -22       11,250

14.2.Other loans from credit institutions               8,798       10,273         -14        8,798

 

Total non-current liabilities                          20,048       24,738         -19       20,048

 

TOTAL LIABILITIES                                      27,233       41,993         -35       32,811

 

OWNERS EQUITY

 

15. SHARE CAPITAL IN NOMINAL VALUE                     32,000       16,000         100       32,000

 

16. RESERVE FUND                                        1,464          987          48          988

 

17. RETAINED EARNINGS                                  18,324       14,061          30       14,061

 

18. NET PROFIT FOR THE YEAR                             8,001       10,658         -25        9,540

 

19. CAPITAL SURPLUS                                     4,000       20,000         -80        4,000

 

TOTAL OWNERS EQUITY                                    63,789       61,706           3       60,589

 

TOTAL LIABILITIES AND OWNERS EQUITY                    91,022      103,699         -12       93,400