AS BALTIKA

BALANCE SHEET

30.06.99

 

Consolidated, unaudited

thousand EEK

 

ASSETS                                                  6/30/99         6/30/98       Change %      Change EEK

CURRENT ASSETS                                                                           99/98

Cash and bank                                           12,225           6,404              91%          5,821

Marketable securities                                      683           1,010             -32%           (327)

Accounts receivable                                     38,893          34,097              14%          4,796

Other receivables and accrued income                     2,238           5,194             -57%         (2,956)

Prepaid expenses and tax refunds                         9,303           7,957              17%          1,346

Total inventories:                                      93,869          94,926              -1%         (1,057)

Raw materials                                           28,054          20,182              39%          7,872

Finished goods                                          61,149          63,502              -4%         (2,353)

Work-in-progress                                         3,804          10,157             -63%         (6,353)

Customer prepayments                                       862           1,085             -21%           (223)

TOTAL CURRENT ASSETS                                   157,211         149,588               5%          7,623

NON-CURRENT ASSETS                                                                                         -

Long-term financial investments                          1,728           2,040             -15%           (312)

Total tangible assets                                   48,941          35,287              39%         13,654

Land and buildings                                      34,742          20,815              67%         13,927

Plant and equipment                                     53,559          41,832              28%         11,727

Other inventories                                       17,868          13,759              30%          4,109

Accumulated depreciation                               (57,436)        (42,285)             36%        (15,151)

Prepayments for non-current assets and                     208           1,166             -82%           (958)

unfinished building

Intangible assets                                        1,839           2,241             -18%           (402)

TOTAL NON-CURRENT ASSETS                                52,508          39,568              33%         12,940

TOTAL ASSETS                                           209,719         189,156              11%         20,563

 

 

LIABILITIES AND OWNERS' EQUITY                          6/30/99         6/30/98       Change %      Change EEK

CURRENT LIABILITIES                                                                      99/98

Borrowings                                              45,935          25,865              78%         20,070

Customer prepayments                                        82           248.0             100%           (166)

Supplier payables                                       10,216          11,080              -8%           (864)

Tax liabilities                                          7,132           3,452             107%          3,680

Accrued expenses                                         4,009           4,786             -16%           (777)

TOTAL CURRENT LIABILITIES                               67,374          45,431              48%         21,943

NON-CURRENT LIABILITIES                                                                                    -

Long-term debt                                          20,038          25,384             -21%         (5,346)

Long-term provisions                                       608             541              12%             67

TOTAL NON-CURRENT LIABILITIES                           20,646          25,925             -20%         (5,279)

TOTAL LIABILITIES                                       88,020          71,356              23%         16,664

Minority interest                                          7895             291           2613%          7,604

OWNERS' EQUITY                                                                                             -

Share capital                                           48,000          48,000               0%            -

Capital surplus                                         24,039          23,834               1%            205

Reserves                                                22,884          22,884               0%            -

Retained earnings                                       18,924          17,014              11%          1,910

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                  597           5,780             -90%         (5,183)

Treasury shares (less)                                    (546)            -                              (546)

Exchange differences                                       (94)             (3)           3033%            (91)

TOTAL OWNERS' EQUITY                                   113,804         117,509              -3%         (3,705)

TOTAL LIABILITIES AND OWNERS' EQUITY                   209,719         189,156              11%         20,563