AS KLEMENTI

BALANCE SHEET

31.03.99

 

Consolidated, unaudited

in thousand EEK

 

 

                                                                  31-Mar-99  31-Mar-98    Change         %

ASSETS

 

Current assets

1.Cash and bank                                                       3029       2373        656       27.6

2.Marketable securities                                                -         1350      -1350     -100.0

3.Accounts receivable                                                 8937      15206      -6269      -41.2

4.Other receivables                                                   1124        720        404       56.1

5.Prepaid expenses                                                    1076        614        462       75.2

6.Inventories                                                        31735      29978       1757        5.9

6.1.Raw materials                                                     5930      10850      -4920      -45.3

6.2.Work-in-progress                                                  5826       7602      -1776      -23.4

6.3.Finished goods                                                   19695      10830       8865       81.9

6.4.Merchandise purchased for resale                                   643        255        388      152.2

6.5.Prepayments to suppliers                                           342        554       -212      -38.3

6.6.Reserve for revaluation and write-off  of inventories             -701       -113       -588      520.4

Total current assets                                                 45901      50241      -4340       -8.6

 

Non-current assets

7.Financial assets                                                     205        401       -196      -48.9

8.Tangible assets                                                    30973      31944       -971       -3.0

8.1.Land and buildings                                               27010      26403        607        2.3

8.2.Plant and equipment                                              13557      12375       1182        9.6

8.3.Other inventory                                                   4765       4444        321        7.2

8.4.Accumulated depreciation                                        -15124     -12702      -2422       19.1

8.5.Unfinished building                                                765       1394       -629      -45.1

8.6.Prepayments for tangible assets                                    -           30        -30     -100.0

9.Intangible assets                                                   1982       2627       -645      -24.6

Total non-current assets                                             33160      34972      -1812       -5.2

TOTAL ASSETS                                                         79061      85213      -6152       -7.2

 

LIABILITIES AND OWNERS' EQUITY

Current liabilities

10.Debt obligations                                                  13115       9996       3119       31.2

11.Customer prepayments for goods and services                        1550       2862      -1312      -45.8

12.Supplier payables                                                  3072       8574      -5502      -64.2

13.Tax liabilities                                                    4786       2059       2727      132.4

14.Accrued expenses                                                   4588       4302        286        6.6

15.Other prepaid revenues                                              -          136       -136     -100.0

Total current liabilities                                            27111      27929       -818       -2.9

 

Non-current liabilities

16.Long-term obligations                                             16064      19380      -3316      -17.1

17.Long-term provisions                                                 42        -           42      100.0

Total non-current liabilities                                        16106      19380      -3274      -16.9

Total liabilities                                                    43217      47309      -4092       -8.6

 

Owners' equity

18.Share capital                                                     24250      24250          0        0.0

19.Capital surplus                                                    3774       3774          0        0.0

20.Revaluation reserve                                                 816        816          0        0.0

21.Other reserves                                                      863        518        345       66.6

22.Retained earnings                                                  7778       6514       1264       19.4

23.Net profit for the financial year                                 -1637       2032      -3669     -180.6

Total owners' equity                                                 35844      37904      -2060       -5.4

TOTAL LIABILITIES AND OWNERS' EQUITY                                 79061      85213      -6152       -7.2