AS RAKVERE LIHAKOMBINAAT

BALANCE SHEET

30.09.98

 

consolidated, unaudited         

in thousand EEK

 

                                                                      Group       Group

                                                                   30.09.98    30.09.97

    ASSETS

 

    CURRENT ASSETS

1   Cash and bank	                                               7385        6474

2   Current financial investments                                     41000

3   Customer receivables

    Accounts receivable		                                      58681       57362

    Allowance for doubtful accounts		                      -4622        -525

    Total article 3                                                   54059       56837

4   Other receivables

    Other current receivables                                          1347       13911

    Total article 4                                                    1347       13911

5   Accrued income 

    Other accrued income                                               2302         153

    Total article 5                                                    2302         153

6   Prepaid expenses

    Prepaid/ refundable taxes receivables                              7142         288

    Prepaid expenses		                                       1796        2643

    Total article 6                                                    8938        2931

7   Inventories

    Raw material	                                              71122       63821

    Work-in-progress                                                  32998       38177

    Finished goods		                                      21090       16152

    Merchandise purchased for resale                                   6543         887

    Merchandise purchased for resale                                   3222        2539

    Total article 7                                                  134975      121576

    TOTAL CURRENT ASSETS                                             209006      242882

 

    NON-CURRENT ASSETS

8   Financial assets

    Other shares, units and bonds                                      1484        1489

    Other non-current receivables                                      1381        1877

    Total article 8                                                    2865        3365

9   Non-current physical assets

    Land and buildings (acquisition cost)                            294669      293014

    Plant and equipment (acquisition cost)                           443348      434594

    Other equipment and fixtures (acquisition cost) 		      64933       69904

    Accumulated depreciation       		                    -427299     -369235

    Unfinished building                                               32883        9710

    Prepayments for non-current assets                                 4814        2354

    Total article 9                                                  413348      440341

10  Intangible assets

    Development costs                                                  1392         283

    Goodwill                                                                      58891

    Total article 10                                                   1392       59174

    TOTAL NON-CURRENT ASSETS                                         417605      502880

 

    TOTAL ASSETS:                 		                     626611      745762

 

    LIABILITIES AND OWNERS' EQUITY

 

    CURRENT LIABILITIES

11  Debt obligations

    Debentures (except bank loans)			              98772       91360

    Short-term loans from credit institutions                         62856       55962

    Total article 11                                                 161628      147322

12  Customer prepayments for goods and services			        490         628

13  Supplier payables

    Accounts payable                                                  65737       85254

15  Tax liabilities                                                    3582        6769

16  Accrued expenses

    Salary-related accrued expenses                                    4931        5274

    Other accrued expenses (incl. interests payable)                   1917        5222

    Total article 16                                                   6848       10496

    TOTAL CURRENT LIABILITIES                                        238285      250469

 

    NON-CURRENT LIABILITIES

19  Non-current payables

    Non-convertible debt 		                              17730       13136

    Convertible debt 		                                       1642        1642

    Non-current bank loans                                            68772       71214

    Total non-current debt liabilities                                88144       85992

    Total liabilities                                                326429      336461

    Off-group shareholders minority interest                           5756       24092

    Owners' equity

22  Share capital                                                    377217      377217

26  Reserves

    Other reserves                                                     1416         935

27  Retained earnings			                               5200        5200

28  Profit for the financial year                                    -89361        1867

    Unrealized exchange differences                                     -46         -10

    TOTAL OWNERS' EQUITY	                                     294426      385209

 

    TOTAL LIABILITIES AND OWNERS' EQUITY                             626611      745762