TALLINNA KAUBAMAJA AS

BALANCE SHEET

30.06.99

 

Consolidated/unaudited

in thousand EEK

 

 

ASSETS                                                       30.06.99    30.06.98    31.12.98

 

CURRENT ASSETS

Cash and bank                                                   5 883       5 340      22 737

Accounts receivable                                             1 832       9 571       2 389

Allowance for doubtful accounts                                 (217)       (182)       (225)

Other receivables                                               2 271           0       6 649

incl: other current receivables                                 2 271           0       6 649

Accrued income                                                      7          10         715

incl: Interest receivables                                          7          10         715

Prepaid expenses                                               10 623       7 974       5 713

incl: Prepaid/refundable tax receivables                        8 163       3 342       3 063

  Other prepaid expenses                                        2 460       4 632       2 650

Inventories                                                   104 564      80 727     105 911

incl:Raw materials                                              1 762       2 402       1 931

     Work-in-process                                                9          12          15

     Merchandise purchased for resale                         102 794      78 182     100 812

     Prepayments to suppliers                                       0         131       3 153

TOTAL CURRENT ASSETS                                          124 963     103 440     143 889

 

NON-CURRENT ASSETS

Long-term financial investments                                22 399      11 500      19 645

incl:Stock and shares in affiliated companies                   2 537       3 999       3 362

     Long-term receivables from affiliated companies           11 360       7 500       9 910

     Other investments in securities                            8 502           1       6 373

Tangible assets                                               220 911     189 011     229 713

incl:Land and buildings                                       168 906     121 998     166 823

     Plant and equipment                                       45 498      28 732      45 861

     Other equipment and fixtures                             104 072      73 097     104 242

     Accumulated depreciation                                (98 337)    (75 023)    (87 815)

     Unfinished buildings                                         521         595         441

     Prepayments for tangible assets                              252      39 612         160

Intangible assets                                                 512       5 426         581

incl: concessions, patents, licenses, trademarks purchased etc.     0       4 728           0

      Goodwill                                                    512         698         581

TOTAL NON-CURRENT ASSETS                                      243 821     205 937     249 939

TOTAL ASSETS                                                  368 784     309 377     393 828

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES

CURRENT LIABILITIES

Debt obligations                                               31 834      37 476      28 625

incl:Current period repayment of long-term bank loans           3 582      16 604      14 442

     Short-term loans from credit institutions                 17 166      20 872       8 178

     Short-term financial lease liabilities                     4 086           0       6 005

     Other current liabilities                                  7 000           0           0

Customer prepayments                                                0           0         489

Supplier payables                                              49 003      19 695      66 783

Tax liabilities                                                11 358      15 721      13 132

Accrued expenses                                                4 837       3 867       8 553

incl:Salary-related accrued expenses                            3 784       3 425       7 210

     Interest expenses                                          1 010         394       1 300

     Other accrued expenses                                        43          47          43

Prepaid revenues                                                  137         245         215

incl:Prepayments from tenants                                     137         245         215

TOTAL CURRENT LIABILITIES                                      97 168      77 004     117 798

 

NON-CURRENT LIABILITIES

Long-term borrowings                                          119 047      83 963     119 052

incl:Long-term bank loans                                     119 047      83 963     119 052

Other long-term borrowings                                      8 389       2 782         808

incl:Non-current liabilities to suppliers                       8 327       2 516         681

     Long-term prepayments from tenants                            62         266         127

     Long-term financial lease liabilities                      1 388           0       9 561

Long-term provisions                                           11 358       8 511      11 358

incl:Potential income tax liability                            11 358       8 511      11 358

TOTAL NON-CURRENT LIABILITIES                                 140 182      95 256     140 779

TOTAL LIABILITIES                                             237 350     172 260     258 577

MINORITY INTEREST                                               5 271       4 377       5 297

 

OWNERS' EQUITY 

Share capital                                                  67 882      67 882      67 882

Mandatory reserve capital                                       5 443       4 608       4 891

Other reserves                                                    565         565         565

Retained earnings                                              45 910      48 752      48 465

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                       6 388      10 966       8 180

Exchange differences                                             (25)        (33)        (29)

TOTAL OWNERS' EQUITY                                          126 163     132 740     129 954

TOTAL LIABILITIES AND OWNERS' EQUITY                          368 784     309 377     393 828

 

 

Urmo Vallner

Member of the Management Board

+372 64 00 200