SAKU õLLETEHASE AS

BALANCE SHEET

31.12.98

 

Consolidated, audited               

in EEK

                                             Group         Group      Parent      Parent 

                                          31.12.98      31.12.97    31.12.98    31.12.97

CURRENT ASSETS                                                                               

                                                                                        

Cash and bank                           25 328 526    30 474 759  23 559 873  28 737 464

                                                                                        

Customer receivables                    25 021 887    17 533 329  23 876 049  15 983 321

                                                                                        

Total other receivables                 3 2751 363    30 616 210  35 373 912  33 765 584

Receivables from affiliated companies      848 131     1 693 797   3 477 381   4 843 771

     Other current receivables          31 903 232    28 922 413  31 896 531  28 921 813

                                                                                        

Accrued income                           1 390 505                 1 390 505            

                                                                                        

Total prepaid expenses                      76 414       184 989      32 740     184 936

    Prepaid/ refundable taxes               45 222            53        1548            

    Total other prepaid expenses            31 192       184 936      31 192     184 936

Total inventories                      56  576 370    44 068 082  56 306 240  42 414 054

    Raw materials                       17 566 978    13 968 720  17 412 044  13 089 567

    Work-in-progress                     7 218 056     5 348 249   7 218 056   5 348 249

    Finished goods                       2 189 913     2 804 251   1 809 281   1 084 394

    Merchandise purchased for resale    27 100 105    17 665 148  27 518 469  18 610 130

    Beer barrels for deposit             2 041 164     2 461 548   1 888 236   2 461 548

    Prepayments to suppliers               460 154     1 820 166     460 154   1 820 166

                                                                                        

        TOTAL CURRENT ASSETS           141 145 065   122 877 369 140 539 319 121 085 359

                                                                                        

NON-CURRENT ASSETS                                                                              

                                                                                        

Total financial assets 	                 3 542 602     3 584 962   3 956 826   3 839 959

    Stock and shares in subsidiaries     1 930 162     1 930 162   2 344 386   2 185 159

    Long-term loans                      1 612 440     1 654 800   1 612 440   1 654 800

                                                                                        

Total non-current physical assets      172 801 961   151 277 564 172 801 961 151 277 564

    Buildings                           74 770 787    72 050 705  74 770 787  72 050 705

    Land                                 2 681 981     2 681 981   2 681 981   2 681 981

    Plant and equipment                181 381 191   156 033 090 181 381 191 156 033 090

    Other equipment and fixtures        20 558 144     7 143 123  20 558 144   7 143 123

    Accumulated depreciation          -108 847 159   -87 161 649 -108 847159 -87 161 649

    Unfinished investments               1 647 180                 1 647 180            

Prepayments for non-current physical 

assets 				           609 837       530 314     609 837     530 314

                                                                     

         TOTAL NON-CURRENT ASSETS      176 344 563   154 862 526 176 758 787 155 117 523

          TOTAL ASSETS                 317 489 628   277 739 895 317 298 106 276 202 882

                                                                               

                                        31.12.1998    31.12.1997  31.12.1998  31.12.1997

CURRENT LIABILITIES                                                               

                                                                                        

Supplier payables                        8 600 267     3 972 472   8 600 267   3 972 472

Payable to parent company                1 168 815       964 671   1 168 815     964 671

Tax liabilities                         13 021 851     7 079 673  12 782 648   5 573 846

Salary-related expenses                  4 220 917     3 001 290   4 199 374   2 855 880

Other accrued expenses                     616 519       557 119     571 519     557 119

                                                                                        

TOTAL CURRENT LIABILITIES               27 628 369    15 575 225  27 322 623  13 923 988

                                                                                        

                                                                                        

Deferred income tax                     17 411 532    15 983 993  17 411 532   15983 993

                                                                                        

OWNERS' EQUITY                                                                             

                                                                                        

Share capital                           80 000 000    80 000 000  80 000 000  80 000 000

Reserve capital                          8 000 000     8 002 161   8 000 000   8 000 000

Other reserves                          44 069 965    44 069 965  44 069 965  44 069 965

Retained earnings		        98 110 712    82 421 371  98 224 936  82 537 756

Retained earnings                       42 269 050    31 687 180  42 269 050  31 687 180

                                                                                        

        TOTAL OWNERS' EQUITY           272 449 727   246 180 677 272 563 951 246 294 901

TOTAL LIABILITIES AND OWNERS' EQUITY   317 489 628   277 739 895 317 298 106 276 202 882