SAKU ÕLLETEHASE AS

BALANCE SHEET

30.06.99

 

Consolidated, unaudited

in thousand EEK

                                                                Group          Group         Parent         Parent

                                                             30.06.99       31.12.98       30.06.99       31.12.98

ASSETS

 

Cash and bank                                                  16,501         25,329         16,123         23,560

Marketable securities                                           6,763                         6,763

Accounts receivable                                            54,885         25,022         54,908         23,876

Other receivables                                                 912         32,751            912         35,374

  Receivables from affiliated companies                            39            848             39          3,477

  Other current receivables                                       873         31,903            873         31,897

Interest income                                                   256          1,391            256          1,391

Dividend income

Total prepaid expenses                                          7,850             76          7,847             33

  Prepaid/ refundable taxes                                     6,372             45          6,369              2

  Other prepaid expenses                                        1,478             31          1,478             31

Total inventories                                              61,996         56,576         61,996         56,305

  Raw materials                                                24,444         17,567         24,444         17,412

  Work-in-progress                                              8,458          7,218          8,458          7,218

  Finished goods                                                3,761          2,190          3,761          1,809

  Merchandise purchased for resale                             22,466         27,100         22,466         27,518

  Beer barrels for deposit                                      1,545          2,041          1,545          1,888

  Prepayments to suppliers                                      1,322            460          1,322            460

TOTAL CURRENT ASSETS                                          149,163        141,145        148,805        140,539

 

NON-CURRENT ASSETS 

Total long-term financial investments                           1,591          3,543          2,005          3,957

  Stock and shares in subsidiaries                                  0          1,930            414          2,344

  Long-term loans                                               1,591          1,613          1,591          1,613

  Other stock and shares

Total tangible assets                                         197,495        172,802        197,495        172,802

  Buildings                                                    74,766         74,771         74,766         74,771

  Land                                                          2,630          2,682          2,630          2,682

  Plant and equipment                                         192,364        181,381        192,364        181,381

  Other equipment and fixtures                                 27,336         20,558         27,336         20,558

  Accumulated depreciation                                   (122,573)      (108,847)      (122,573)      (108,847)

  Prepayments for tangible assets                               1,783            610          1,783            610

  Unrealised investments                                       21,189          1,647         21,189          1,647

Intangible assets   

TOTAL NON-CURRENT ASSETS                                      199,086        176,345        199,500        176,759

 

TOTAL ASSETS                                                  348,249        317,490        348,305        317,298

 

LIABILITIES AND OWNERS' EQUITY

 

CURRENT LIABILITIES 

Supplier payables                                              35,728          8,600         35,728          8,600

Other payables (incl. to parent company)                          113          1,169            113          1,169

Tax liabilities                                                15,367         13,022         15,364         12,782

Salary-related expenses                                         4,186          4,221          4,186          4,199

Other accrued expenses                                          4,009            616          3,954            572

Short-term provisions (credit line)

TOTAL CURRENT LIABILITIES                                      59,403         27,628         59,345         27,322

 

Deferred income tax liability                                  18,612         17,412         18,612         17,412

TOTAL NON-CURRENT LIABILITIES                                  18,612         17,412         18,612         17,412

 

Share capital                                                  80,000         80,000         80,000         80,000

Reserve capital                                                 8,000          8,000          8,000          8,000

Other reserves                                                 44,070         44,070         44,070         44,070

Retained earnings                                             108,380         98,111        108,494         98,225

Net profit for the year                                        29,784         42,269         29,784         42,269

TOTAL OWNERS' EQUITY                                          270,234        272,450        270,348        272,564

 

TOTAL LIABILITIES AND OWNERS' EQUITY                          348,249        317,490        348,305        317,298