AS EESTI TELEKOM

BALANCE SHEET

31.12.98

 

 

Balance sheet, IAS

 

EEK thous.

 

                                        G R O U P               ESTONIAN TELECOM

 

                                          1998         1997         1998         1997

A S S E T S

Non-current assets

Property, plant and equipment             2,798,035    2,503,043          958          770

Goodwill                                     14,100           -            -            -

License, patents and  trademarks             50,919       42,442           -            -

Development costs                               480        1,106           -            -

Investments in associates                     2,352           -            -            -

Other investments                                98          945      897,563      715,362

Other receivables                             1,437        1,554      384,967      384,967

Deferred tax assets                         109,700      100,378            0           -

                                          2,977,121    2,649,468    1,283,488    1,101,099

Current assets

Inventories                                 103,977      104,270            5          236

Trade and other receivables                 448,971      285,535      191,819      165,722

Short-term investments                        4,671       18,412           -        18,412

Cash and cash equivalents                   272,022      221,824      118,244       41,680

                                            829,641      630,041      310,068      226,050

 

Total assets                              3,806,762    3,279,509    1,593,556    1,327,149

 

EQUITY  AND  LIABILITIES

Capital and reserves

Issued capital                              735,001      735,000      735,001      735,000

Reserves                                     30,003        4,525       30,003        4,525

Accumulated profits                         821,732      586,373      821,732      586,373

                                          1,586,736    1,325,898    1,586,736    1,325,898

Minority interest

Subsidiary companies                      1,010,497      825,678           -            -

Non-current liabilities

Interest - bearing loans and borrowings     609,463      676,518           -            -

Deferred tax liabilities                     65,084       48,735           -            -

                                            674,547      725,253           -            -

Current liabilities

Trade and other payables                    433,152      276,631        6,820        1,251

Interest - bearing loans and borrowings     101,830      126,049           -            -

                                            534,982      402,680        6,820        1,251

 

Total equity and liabilities              3,806,762    3,279,509    1,593,556    1,327,149