ESTONIAN TELEPHONE COMPANY

BALANCE SHEET

30.06.99

 

consolidated, IAS

unaudited

EEK thous.

 

                                                         Group                                        Estonian Telephone Co.

                                                         30.06.99       30.06.98       31.12.98       30.06.99       30.06.98       31.12.98

ASSETS

Non-current assets

Land, buildings and equipment                             2,037,690      1,990,452      2,058,386      2,032,288      1,987,419      2,052,685

Goodwill                                                        725              0            903            725              0            903

Purchased licenses, patents and trademarks                   42,981         39,696         50,920         42,981         39,038         50,755

Development costs                                                47            966            400              0              0              0

Investments in associated                                     2,789              0          2,352          2,789              0          2,352

Other investments                                                98            855             98          4,953          3,536          3,945

Other long-term receivables                                   2,486          1,242          1,306          2,486          1,242          1,306

Pre-paid taxes and expenses                                 109,700        100,378        109,700        109,024        100,378        109,024

Total non-current assets                                  2,196,516      2,133,589      2,224,064      2,195,246      2,131,613      2,220,970

 

Current assets

Inventory                                                    72,159         70,334         50,598         72,159         70,334         50,598

Trade receivables                                           436,692        262,942        315,248        433,650        261,039        313,445

Short-term investments                                                                                                                       0

Cash and equivalents                                         57,912         78,675         71,492         55,870         74,821         66,510

Total current assets                                        566,763        411,951        437,338        561,679        406,194        430,553

 

Total assets                                              2,763,279      2,545,540      2,661,402      2,756,925      2,537,807      2,651,523

 

EQUITY AND LIABILITIES

Equity and reserves

Paid-in capital                                             666,900        666,900        666,900        666,900        666,900        666,900

Reserves                                                     34,316         21,607         21,607         34,316         21,607         21,607

Retained earnings                                           586,040        470,832        564,761        586,040        470,832        564,761

Total equity and reserves                                 1,287,256      1,159,339      1,253,268      1,287,256      1,159,339      1,253,268

 

Minority interest                                             3,237          1,787          2,565              0              0              0

 

Non-current liabilities

Interest-bearing liabilities                                949,963      1,093,798        992,639        949,963      1,089,298        992,639

Total non-current liabilities                               949,963      1,093,798        992,639        949,963      1,089,298        992,639

 

Current liabilities

Trade payables                                              431,476        192,302        316,456        428,359        190,856        310,641

Interest-bearing liabilities                                 91,347         98,314         96,475         91,347         98,314         94,975

Total current liabilities                                   522,823        290,616        412,931        519,706        289,170        405,616

 

Total equity and liabilities                              2,763,279      2,545,540      2,661,403      2,756,925      2,537,807      2,651,523