AS PENNU COMPUTER TECHNOLOGY GROUP

BALANCE SHEET

30.09.98

 

unconsolidated, unaudited		

in thousand EEK

 

                                                          30.09.98     30.06.98     30.09.97

 

ASSETS

CURRENT ASSETS

Cash and bank		                                   383,892    1,023,511    1,762,340

Marketable securities 		                                                     735,000

Accounts receivable

    Customer receivables                                15,382,144   13,292,427   15,815,677

    Allowance for doubtful accounts                       -123,505     -123,504      -48,760

    Total                                               15,258,639   13,168,923   15,766,917

Other receivables

    Receivables from subsidiaries                        1,262,520      117,599      420,009

    Receivables from affiliated enterprises                                          960,000

    Other current receivables                            6,750,472    1,290,058      106,918

    Total                                                8,012,992    1,407,657    1,486,927

Accrued income

    Interest receivables                                   113,254      605,458       39,298

    Dividend receivables                                   140,000      140,000

    Total                                                  253,254      745,458       39,298

Prepaid expenses

    Prepaid/ refundable taxes                            3,822,187    4,038,075      597,043

    Other prepaid expenses                                 845,649       87,603      235,820

    Total                                                4,667,836    4,125,678      832,863

Inventories

    Raw material                                                         21,714

    Finished goods                                       1,132,246    1,904,507       69,465

    Merchandise purchased for resale                    16,808,968   18,487,634   13,247,675

    Prepayments to suppliers                             2,141,303    1,113,005      936,567

    Total                                               20,082,517   21,505,146   14,275,421

TOTAL CURRENT ASSETS                                    48,659,130   41,976,373   34,898,766

 

NON-CURRENT ASSETS

Financial assets

    Stock and shares in subsidiaries	                15,127,251   15,740,064   13,592,917

    Stock and shares in affiliated enterprises           1,794,248    1,701,821    1,498,358

    Non-current receivables from subsidiaries           16,002,231   22,000,000   30,200,000

    Other non-current receivables                        1,319,404      160,004

    Total                                               34,243,134   39,601,889   45,291,275

Non-current physical assets

    Plant and equipment                                  1,049,435      754,445      760,533

    Other equipment and fixtures                         2,501,859    2,389,156    2,147,493

    Accumulated depreciation                            -1,544,170   -1,332,238     -883,429

    Total                                                2,007,124    1,811,363    2,024,597

Intangible assets

    Purchased franchises, patents, licences, etc.           96,000      115,200

    Total                                                   96,000      115,200

TOTAL NON-CURRENT ASSETS                                36,346,258   41,528,452   47,315,872

 

TOTAL ASSETS                                            85,005,388   83,504,825   82,214,638

 

 

                                                          30.09.98     30.06.98     30.09.97

LIABILITIES AND OWNERS' EQUITY

LIABILITIES	

CURRENT LIABILITIES		

Debt obligations

    Debentures (except bank loans)   		           100,032       75,602       49,747

    Current period long-term debt repayment              5,245,803    6,356,696

    Short-term loans from credit institutions           12,723,574   11,759,332   26,534,413

    Total                                               18,069,409   18,191,630   26,584,160

Customer prepayments for goods and services              3,063,791       17,338       11,971

Supplier payables

    Accounts payable		                        13,892,276   10,757,916    9,584,046

    Total                                               13,892,276   10,757,916    9,584,046

Other payables

    Payables to subsidiaries                             2,042,729    6,341,598    3,709,077

    Total                                                2,042,729    6,341,598    3,709,077

Tax liabilities                                            187,757      122,473    1,216,277

Accrued expenses

    Salary-related accrued expenses                        307,944      310,588      365,606

    Interest payables                                       43,670    1,114,007

    Other accrued expenses                                  30,907       39,633      142,480

    Total                                                  382,521    1,464,228      508,086

 

TOTAL CURRENT LIABILITIES                               37,638,483   36,895,183   41,613,617

 

NON-CURRENT LIABILITIES

Non-current payables

    Non-convertible debt		                   224,266       72,206      147,808

    Non-current bank loans                               5,643,304    5,643,304

    Total                                                5,867,570    5,715,510      147,808

Deferred income tax		                           230,524      230,524

TOTAL NON-CURRENT LIABILITIES                            6,098,094    5,946,034      147,808

 

TOTAL LIABILITIES                                       43,736,577   42,841,217   41,761,425

 

OWNERS' EQUITY

Share capital in nominal value                          16,000,000   16,000,000   16,000,000

Capital surplus			                        15,005,800   15,005,800   15,005,800

Mandatory reserve capital                                  552,600      552,600      235,000

Retained earnings			                 9,105,208    4,823,361    6,740,961

Profit for the financial year                              605,203    4,281,847    2,471,452

TOTAL OWNERS' EQUITY                                    41,268,811   40,663,608   40,453,213

 

TOTAL LIABILITIES AND OWNERS' EQUITY		        85,005,388   83,504,825   82,214,638