TALLINNA KAUBAMAJA AS

BALANCE SHEET

31.03.1999

 

Consolidated/unaudited

in thousand EEK

 

                                                                            GROUP         GROUP         GROUP

                                                                       31.03.1999    31.03.1998    31.12.1998

ASSETS

CURRENT ASSETS

1.   Cash and bank                                                         10 657         3 927        22 737

2.   Accounts receivable                                                    1 839         1 960         2 389

     Allowance for doubtful accounts                                        - 220         - 182         - 225

3.   Other receivables                                                      3 944             0         6 649

     Other current receivables                                              3 944             0         6 649

4.   Accrued income                                                             3             0           715

     Interest receivables                                                       3             0           715

5.   Prepaid expenses			                                    6 666         5 281         5 713

     Prepaid/refundable tax receivables                                     3 973         3 169         3 063

     Other prepaid expenses                                                 2 693         2 112         2 650

6.   Inventories                                                          110 138       106 152       105 910

     Raw materials                                                          1 863         2 301         1 931

     Work-in-process                                                           14             8            15

     Merchandise purchased for resale                                     108 261       103 516       100 812

     Prepayments to suppliers                                                               326         3 153

TOTAL CURRENT ASSETS                                                      133 026       117 138       143 889

NON-CURRENT ASSETS

7.   Long-term financial investments                                       22 117        11 790        19 645

     Stock and shares in affiliated companies                               2 887         4 289         3 362

     Long-term receivables from affiliated companies                       11 040         7 500         9 910

     Other investments in securities                                        8 190             1         6 373

8.   Tangible assets                                                      220 998       153 502       229 713

     Land and buildings                                                   168 756       121 231       166 823

     Plant and equipment                                                   45 400        26 478        45 861

     Other equipment and fixtures                                         102 179        73 210       104 242

     Accumulated depreciation                                             -96 129       -69 250       -87 815

     Unfinished buildings                                                     441           412           441

     Prepayments for tangible assets                                          351         1 420           160

9.   Intangible assets                                                        546           686           581

     Goodwill                                                                 546           686           581

TOTAL NON-CURRENT ASSETS                                                  243 661       165 978       249 939

TOTAL ASSETS                                                              376 688       283 115       393 828

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES

CURRENT LIABILITIES

10.  Debt obligations                                                      27 008        32 006        28 626

     Debentures                                                               316             0             0

     Current period repayment of long-term bank loans                       2 610        19 824        14 442

     Short-term loans from credit institutions                             19 890        12 182         8 178

     Short-term financial lease liabilities                                 4 193             0         6 005

11.  Customer prepayments                                                       0             0           489

12.  Supplier payables                                                     59 830        42 740        66 783

13.  Tax liabilities                                                        6 744        16 814        13 132

14.  Accrued expenses                                                       6 952         6 695         8 553

     Salary-related accrued expenses                                        5 697         6 645         7 210

     Interest expenses                                                      1 195             0         1 300

     Other accrued expenses                                                    60            49            43

15.  Prepaid revenues                                                         138           337           215

     Prepayments from tenants                                                 138           337           215

TOTAL CURRENT LIABILITIES                                                 100 672        98 591       117 798

NON-CURRENT LIABILITIES

17.  Long-term debt obligations                                           120 889        38 366       119 052

     Long-term bank loans                                                 120 889        38 366       119 052

18.  Other long-term liabilities                                            9 502         1 316           809

     Long-term debt to suppliers                                            9 375         1 050           681

     Long-term prepayments from tenants                                       127           266           127

     Long-term financial lease liabilities                                    867             0         9 561

19.  Long-term provisions                                                  11 358         8 511        11 358

     Potential income tax liability                                        11 358         8 511        11 358

TOTAL NON-CURRENT LIABILITIES                                             142 617        48 192       140 779

TOTAL LIABILITIES                                                         243 288       146 783       258 577

20.  MINORITY INTEREST                                                      5 041         4 207         5 297

OWNERS' EQUITY 

21.  Share capital                                                         67 882        67 882        67 882

22.  Mandatory reserve capital                                              4 891         2 871         4 891

23.  Other reserves                                                           565           565           565

24.  Retained earnings                                                     56 644        57 273        48 465

25.  NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                             -1 599         3 571         8 180

26.  Exchange differences                                                    - 25          - 37          - 29

TOTAL OWNERS' EQUITY                                                      128 358       132 125       129 954

TOTAL LIABILITIES AND OWNERS' EQUITY                                      376 688       283 115       393 828

 

Urmo Vallner

Member of the Management Board

+372 64 00 200