AS PENNU COMPUTER TECHNOLOGY GROUP

BALANCE SHEET

30.06.99

 

Consolidated, unaudited

in thousand EEK

 

                                                 30.06.99       30.06.98

ASSETS

Cash and bank                                          895          1,625

Marketable securities                                                   0

Accounts receivable                                  7,763         13,694

incl.customer receivables                           12,172         14,923

Allowance for doubtful accounts                     -4,409         -1,230

Other receivables                                                  25,191

incl.receivables from subsidiaries

Receivables from affiliated companies

Other current receivables                           11,049         25,191

Accrued income                                                        411

incl.interests                                                        271

dividends                                                             140

Prepaid expenses                                     2,479          5,626

incl.Prepaid/refundable tax receivables              2,114          5,330

Other prepaid expenses                                 365            296

Inventories                                          8,330         23,680

incl.raw materials                                                      8

finished goods                                          79          1,905

merchandise purchased for resale                     8,008         20,655

prepayments to suppliers                               243          1,113

Total current assets                                30,517         70,227

 

Long-term financial investments                     11,797         31,220

incl.stock and shares in subsidiaries                                   0

Stock and shares in affiliated companies               261          1,764

Non-current receivables from subsidiaries                               0

Other non-current receivables                       11,535         29,456

Tangible assets                                      1,530         62,353

incl.land and building                                             59,531

Plant and equipment                                    840          1,101

Other equipment and fixtures                         2,252          3,593

Accumulated depreciation                            -1,561         -1,872

Unfinished building

Prepayments for non-current assets

Intangible assets                                       68            165

incl.concessions, patents, trademarks, etc.             68            165

Total non-current assets                            13,395         93,738

Total assets                                        43,912        163,964

 

Liabilities and owners' equity

Borrowings                                          34,865         56,812

incl.Debentures (except bank loans)                  6,300              0

Current period long-term debt repayment              3,566         10,912

Short-term loans from financial institution         24,998         45,899

Customer prepayments                                    84            207

Accounts payable                                     7,397         13,088

incl.supplier payables                               7,397         13,088

Other payables                                         247

incl.payables to subsidiaries                          247

Tax liabilities                                      1,175            757

Accrued expenses                                       944          2,456

incl.salary-related accrued expenses                   472            647

Interests payable                                       53          1,688

Other accrued expenses                                 420            121

Other prepaid revenues                                 613          1,256

Total current liabilities                           45,325         74,576

 

Long-term borrowings                                               42,088

incl.non-convertible long-term borrowings

Long-term bank loans                                               42,088

Deferred income tax liability                           97            241

Total non-current liabilities                           97         42,328

Total liabilities                                   45,422        116,904

 

Minority interest                                      -71          6,466

 

Share capital in nominal value                      16,000         16,000

Capital surplus                                     15,006         15,006

Mandatory reserve capital                              767            555

Retained earnings                                    8,891          4,823

Profit/loss for the financial year                 -42,102          4,211

Total owners' equity                                -1,438         40,594

Total liabilities and owners' equity                43,912        163,964