HÜVITUSFOND

BALANCE SHEET

30.09.99

 

audited

in EEK

 

ASSETS                                                       30.09.1999     31.12.1998

CURRENT ASSETS

1.Cash and bank                                                 136,066        154,115

2.Marketable securities                                         520,716        268,005

2.1.Bonds                                                       413,833        162,808

2.2.Shares and units                                            106,883        105,198

 

3.Other receivables                                             116,265        220,108

3.1.Receivables from subsidiaries                                 5,804         31,000

3.2.Receivables from associated companies                        47,508         54,346

3.3.Other current receivables                                    62,953        134,762

4.Accrued income                                                 61,593         38,593

5.Prepaid expenses                                                3,338          5,143

5.1.Prepaid/refundable tax receivables                            1,130            461

5.2.Other prepaid expenses                                        2,208          4,682

Total current assets                                            837,980        685,964

 

NON-CURRENT ASSETS

6.Long-term financial investments                               916,836        744,280

6.1.Units and shares in subsidiaries                              8,388         20,182

6.2.Non-current receivables from subsidiaries                   119,198         45,600

6.3.Units and shares in associated companies                      7,597         20,377

6.4.Non-current receivables from associated companies            27,000         33,869

6.5.Other shares                                                    269            266

6.6.Other long-term investments                                       0         17,675

6.7.Other non-current receivables                               915,261        756,292

6.8.Allowance for doubtful accounts                            -160,877       -149,982

 

7.Tangible assets                                                 7,378         16,426

7.1.Non-current assets                                           11,497         21,096

7.2.Prepayments for fixed assets                                      0              0

7.3.Accumulated depreciation                                     -4,119         -4,670

 

8.Intangible assets                                                 124            236

TOTAL NON-CURRENT ASSETS                                        924,338        760,942

 

TOTAL ASSETS                                                  1,762,318      1,446,906

 

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES

 

Current liabilities

 

9.Borrowings from credit institutions                           247,135        263,137

10.Bonds issued                                                  42,166              0

11.Supplier payables                                                608            870

12.Other payables                                                 2,034          4,977

13.Tax liabilities                                                  961            403

14.Interests payable                                             17,310         17,583

15.Salary-related payables                                          226            304

Total current liabilities                                       310,440        287,274

 

Non-current liabilities

15.Bonds issued                                                 438,261        438,261

16.Other non-current liabilities                                  1,278          1,106

Total non-current liabilities                                   439,539        439,367

 

17.Fund in the beginning of period                              720,264        926,985

18.Change                                                       292,073       -206,721

19.Fund at the end of period                                  1,012,338        720,264

 

TOTAL LIABILITIES AND OWNERS' EQUITY                          1,762,318      1,446,906

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

+3726651800, +3726651824, +3725104614