AS PENNU COMPUTER TECHNOLOGY GROUP

BALANCE SHEET

30.06.99

 

Financial year:  01.07-30.06

unconsolidated, unaudited

in thousand EEK                                        parent        parent 

                                                     30.06.99      30.06.98

ASSETS

Cash and bank                                              53         1,024

Marketable securities

Accounts receivable                                     4,691        13,169

  incl.customer receivables                             8,060        13,292

  Allowance for doubtful accounts                      (3,369)         (124)

Other receivables                                       2,349         1,408

  incl.receivables from subsidiaries                                    118

  Receivables from affiliated companies

  Other current receivables                             2,349         1,290

Accrued income                                          1,193           745

  incl.interests                                        1,193           605

  dividends                                                             140

Prepaid expenses                                        2,461         4,126

  incl.Prepaid/refundable tax receivables               2,127         4,038

  Other prepaid expenses                                  334            88

Inventories                                             8,230        21,505

  incl.raw materials

  finished goods                                           79         1,905

  merchandise purchased for resale                      6,642        18,488

  prepayments to suppliers                              1,509         1,113

Total current assets                                   18,977        41,976

 

Long-term financial investments                        11,183        39,614

  incl.stock and shares in subsidiaries                 1,952        15,740

  Stock and shares in affiliated companies                            1,714

  Non-current receivables from subsidiaries             7,014        22,000

  Other non-current receivables                         2,217           160

Tangible assets                                         1,014         1,811

  incl.land and building

  Plant and equipment                                     688           754

  Other equipment and fixtures                          1,563         2,389

  Accumulated depreciation                             (1,237)       (1,332)

  Prepayments for non-current assets

Intangible assets                                          38           115

  incl.concessions, patents, trademarks, etc. purchased    38           115

Total non-current assets                               12,235        41,541

Total assets                                           31,212        83,517

 

Liabilities and owners' equity

Võlakohustused                                         22,567        18,192

  incl.Debentures (except bank loans)                   6,372            76

  Current period long-term debt repayment               3,566         6,357

  Short-term loans from financial institutions         12,629        11,759

Customer prepayments                                      233            17

Accounts payable                                        7,113        10,758

  incl.supplier payables                                7,113        10,758

Other payables                                                        6,342

  incl.payables to subsidiaries                                       6,342

Tax liabilities                                           241           122

Accrued expenses                                          517         1,464

  incl.salary-related accrued expenses                    307           311

  Interests payable                                        53         1,114

  Other accrued expenses                                  157            40

Other prepaid revenue

Total current liabilities                              30,671        36,895

 

Long-term borrowings                                                  5,716

  incl.non-convertible long-term borrowings                              72

  Long-term bank loans                                                5,643

Deferred income tax liability                             231           231

Total non-current liabilities                             231         5,946

Total liabilities                                      30,902        42,841

 

Minority interest

 

Share capital in nominal value                         16,000        16,000

Capital surplus                                        15,006        15,006

Mandatory reserve capital                                 767           553

Retained earnings                                       8,891         4,823

Profit/loss for the financial year                    (40,354)        4,294

Total owners' equity                                      310        40,676

Total liabilities and owners' equity                   31,212        83,517