31.08.1999, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHASE AS

BALANCE SHEET

30.06.99

 

Consolidated

Unaudited

in EEK

 

                                                Group                         Tallinna Farmaatsiatehas

                                                30.06.99       31.12.98       30.06.99       31.12.98

ASSETS

 

CURRENT ASSETS

Cash and bank                                     165,344      1,932,791        165,344      1,929,753

 

Accounts receivable                            19,609,409     16,281,191     19,609,409     16,281,191

Other receivables                               7,453,155      7,570,476      7,453,155      7,365,828

TOTAL RECEIVABLES                              27,062,564     23,851,667     27,062,564     23,647,019

 

Inventories                                    12,019,686     20,190,815     12,019,686     20,118,699

Work-in-process                                   458,924        699,514        458,924        699,514

Finished goods                                 14,287,935     15,514,003     14,287,935     15,514,003

Total goods and inventories                    26,766,545     36,404,332     26,766,545     36,332,216

 

TOTAL CURRENT ASSETS                           53,994,453     62,188,790     53,994,453     61,908,988

 

Tangible assets at residual value              35,701,931     36,748,747     35,701,931     34,338,178

Unrealized capital investments                  1,362,845      2,647,274      1,362,845      2,647,274

Total tangible assets                          37,064,776     39,396,021     37,064,776     36,985,452

 

Investments in affiliated companies                            7,952,106                     7,952,106

Other shares and units                          6,817,104                     6,817,104

Intangible assets                               3,533,558      4,022,465      3,533,558      4,022,465

Other non-current receivables                     556,401        529,937        556,401        526,361

 

TOTAL NON-CURRENT ASSETS                       47,971,839     51,900,529     47,971,839     49,486,384

 

TOTAL ASSETS                                  101,966,292    114,089,319    101,966,292    111,395,372

 

LIABILITIES AND OWNERS' EQUITY

 

CURRENT LIABILITIES

Short-term loans                                1,028,638     30,583,866      1,028,638     26,918,033

Supplier payables                              10,657,514     17,153,804     10,657,514     17,153,572

Salary-related payables                           711,918        990,913        711,918        990,913

Tax liabilities                                 4,654,545      6,924,749      4,654,545      6,846,514

Customer prepayments                                8,254          8,254          8,254          8,254

Unpaid dividends                                  446,814        446,814        446,814        446,814

Other borrowings                               31,393,485      3,216,004     31,393,485      4,266,357

TOTAL CURRENT LIABILITIES                      48,901,168     59,324,404     48,901,168     56,630,457

 

Long-term bank loans                           48,509,147     48,509,147     48,509,147     48,509,147

Deferred income tax liability

TOTAL NON-CURRENT LIABILITIES                  48,509,147     48,509,147     48,509,147     48,509,147

 

Share capital                                  12,500,000     37,700,340     12,500,000     37,700,340

Reserves                                        7,664,920     10,184,954      7,664,920     10,184,954

Retained earnings                             -13,909,152    -41,629,526    -13,909,152    -41,629,526

 

Profit for the current year                    -1,699,791                    -1,699,791

 

TOTAL OWNERS' EQUITY                            4,555,977      6,255,768      4,555,977      6,255,768

 

TOTAL LIABILITIES AND OWNERS' EQUITY          101,966,292    114,089,319    101,966,292    111,395,372