AS BALTIKA                                                            

BALANCE SHEET                                                               

30.04.99                                                              

                                                                      

unconsolidated, unaudited

in thousand EEK                                                               

                                                                      

ASSETS                                    30.04.99    30.04.98  Change

                                                                     %

CURRENT ASSETS                                                         

Cash and bank                                1,799       4,566    -61%

Marketable securities                        1,209       1,354    -11%

Customer receivables                        40,277      45,233    -11%

Other receivables and accrued income        29,696      31,361     -5%

Prepaid expenses and tax refunds             4,235       6,263    -32%

Total inventories:                          54,807      55,759     -2%

Raw materials                               18,702      19,816     -6%

Finished goods                              31,634      27,377     16%

Work-in-process                              3,805       8,098    -53%

Prepayments to suppliers                       666         468     42%

TOTAL CURRENT ASSETS                       132,023     144,536     -9%

NON-CURRENT ASSETS                                               

Long-term financial investments             20,385      18,926      8%

Total tangible assets                       46,869      42,984      9%

Land and buildings                          40,910      33,096     24%

Plant and equipment                         44,510      40,911      9%

Other inventory                              8,219       7,464     10%

Accumulated depreciation                   (46,840)    (39,252)     19%

Prepayments for non-current assets 

and unfinished building                         70         765    -91%

Intangible assets                              981         813     21%

TOTAL NON-CURRENT ASSETS                    68,235      62,723      9%

TOTAL ASSETS                               200,258     207,259     -3%

                                                                      

LIABILITIES AND OWNERS' EQUITY            30.04.99    30.04.98  Change

                                                                     %

CURRENT LIABILITIES                                               

Debt obligations                            41,575      42,830     -3%

Customer prepayments for goods and services      1           -    100%

Supplier payables                            8,577      15,943    -46%

Tax liabilities                              2,318       3,863    -40%

Accrued expenses                             3,365       6,027    -44%

TOTAL CURRENT LIABILITIES                   55,836      68,663    -19%

NON-CURRENT LIABILITIES                                             

Long-term debt obligations                  29,664      19,342     53%

Long-term provisions                           819         584     40%

TOTAL NON-CURRENT LIABILITIES               30,483      19,926     53%

TOTAL LIABILITIES                           86,319      88,589     -3%

OWNERS' EQUITY                                                         

Share capital                               48,000      48,000      0%

Capital surplus                             24,039      23,834      1%

Reserves                                    22,884      22,884      0%

Retained earnings                           18,530      17,116      8%

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR    1,033       6,836    -85%

Treasury shares (less)                        (547)          -        

TOTAL OWNERS' EQUITY                       113,939     118,670     -4%



TOTAL LIABILITIES AND OWNERS' EQUITY       200,258     207,259     -3%

 

 

 

Avo Reiska

Financial director                                                       

+372 630 2717