2000.01.31, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHAS

BALANCE SHEET



CONSOLIDATED BALANCE SHEET 31.12.99



Previously published balance sheet has a mistake on the line "share capital". 

Corrected consolidated share capital as of 31.12.99 is 12 500 thousand of EEK.



Corrected balance sheet follows:

--------------------------------



Consolidated, unaudited, in thousand EEK



                                              Consolidated                Parent

ASSETS                               31.12.1999 31.12.1998 31.12.1999 31.12.1998



CURRENT ASSETS

Cash and bank                              1783       1933       1783       1930



Customer receivables                      26306      16282      26306      16282

Other receivables                          3688       7571       3688       7366

TOTAL RECEIVABLES                         29993      23852      29993      23648



Inventories                               13831      20191      13831      20119

Work-in-progress                            880        700        880        700

Finished goods                            12949      15515      12949       8339

Total goods and inventories               27659      36405      27659      23456



TOTAL CURRENT ASSETS                      59434      62189      59434      48767



Tangible assets at residual value         33491      36749      33491      34528

Unrealized capital investments             1319       2648       1319       1638

Total tangible assets                     34810      39397      34810      36166



Investments in associated companies                   7953                  7953

Other shares and units

Intangible assets                          3219       4023       3219       4023

Other non-current receivables               472        530        472        527



TOTAL NON-CURRENT ASSETS                  38500      51901      38500      49487



TOTAL ASSETS                              97934     114090      97934     111396



LIABILITIES AND OWNERS' EQUITY



CURRENT LIABILITIES

Short-term loans                           9119      30584       9119      26919

Supplier payables                         13186      17154      13186      17154

Salary-related accrued expenses            1119        991       1119        991

Tax liabilities                            2020       6925       2020       6847

Customer prepayments                         53          9         53          9

Dividends payable                           447        447        447        447

Other debt obligations                      841       3217        841       4267

TOTAL CURRENT LIABILITIES                 26783      59325      26783      56631



Long-term bank loans                      59045      48510      59045      48510

Deferred income tax liability

TOTAL NON-CURRENT LIABILITIES             59045      48510      59045      48510



Share capital                             12500      37701      12500      37701

Restricted reserves                        7665      10185       7665      10185

Retained earnings                        -13910     -41630     -13910     -41630



Profit for the current year                5851                  5851



TOTAL OWNERS' EQUITY                      12106       6256      12106      6256

TOTAL LIABILITIES AND OWNERS' EQUITY      97934     114090      97934    111396





Raivo Unt

Financial director

6120201