MERKO EHITUS

BALANCE SHEET

30.09.1998

 

consolidated, in thousand EEK,

unaudited

 

 

                                                   30.09.1998   31.12.1997   30.09.1997

 

Cash and bank		                                8 665       28 389       21 821

 

Marketable securities		                        3 786       42 377       28 557

 

Accounts receivable	                              106 671       43 164       50 425

                    Total accounts receivable         106 671       43 164       50 425

Receivables from associated enterprises                 3 359        7 322

Other short-term receivables                           29 324        9 535        5 256

                      Total other receivables          32 683       16 857        5 256

 

Interest receivable                                     1 080        1 966          185

Other accrued income                                       19

                          Total accrued income          1 099        1 966          185

 

Prepaid taxes receivables	                        1 575          351        2 191

Other prepaid expenses			                1 408        1 069          628

   			 Total prepaid expenses         2 983        1 420        2 819

 

Raw materials                                           2 865          106          210

Work-in-progress                                        2 833       13 002        1 316

Finished goods                                            331

Merchandise purchased for resale                        6 732

Prepayments to suppliers                               28 315       13 063       15 156

                              Total inventories        41 076       26 171       16 682

TOTAL CURRENT ASSETS                                  196 963      160 344      125 745

 

Shares in associated enterprises                        8 858        1 335        1 812

Other shares and securities                             1 565        3 410        3 410

Other long-term receivables                             9 755        1 936        1 106

       	        	 Total financial assets        20 178        6 681        6 328

 

Land and buildings                                     80 658       17 487       16 949

Building rights                                         8 526        9 581        9 581

Plant and equipment                                    13 987        9 006        7 166

Other equipment and fixtures                            6 465        3 381        2 935

Accumulated depreciation                              -11 596       -8 302       -7 559

Self-constructed physical assets under construction     7 438

Prepayments for noncurrent physical assets                120           79        1 776

                Total noncurrent physical assets      105 598       31 232       30 848

Development costs                                          10

Goodwill                                                1 780        1 422          829

                        Total intangible assets         1 790        1 422          829

 

TOTAL NONCURRENT ASSETS                               127 566       39 335       38 005

 

TOTAL ASSETS                                          324 529      199 679      163 750

 

 

Debentures (except bank loans)                            315          290           36

Short-term loans from financial institutions            2 784

                         Total debt obligations         3 099          290           36

 

Customer prepayments                                   37 671       31 427       12 339

Accounts payable                                       57 010       29 209       31 555

 

Payables to affiliated enterprises                        464

                            Total other payables          464

 

Tax liabilities                                        12 074        9 886        4 305

 

Salary-related accrued expenses                         6 675        5 046        3 446

Interests payable                                           6

Other accrued expenses                                    178          237          143

                                Accrued expenses        6 859        5 283        3 589

 

Provisions	                                        2 000        2 565        1 723

Other pre-paid revenue			               28 704

TOTAL CURRENT LIABILITIES   	                      147 881       78 660       53 547

 

Non-convertible debt		                           85          159           93

Long-term loans from financial institutions            30 000

                            Total long-term debt       30 085          159           93

 

Other noncurrent provisions                             1 160          225

TOTAL NONCURRENT LIABILITIES                           31 245          384           93

 

Share capital                                          88 500       29 500       29 500

Paid-in capital over par                                2 950       61 950       61 950

Mandatory legal reserve                                 2 950        2 212        2 212

Retained earnings		                       20 270          195          192

Net profit for the financial year                      28 668       25 975       16 256

TOTAL OWNERS' EQUITY                                  143 338      119 832      110 110

 

MINORITY INTERESTS                                      2 065          803

 

TOTAL LIABILITIES AND OWNERS' EQUITY                  324 529      199 679      163 750