AS HARJU ELEKTER

BALANCE SHEET

31.03.99

 

Consolidated, unaudited

in thousand EEK

                                             Parent                  Group

ASSETS                                       03/31/99    03/31/98    03/31/99    03/31/98

Cash and bank                                   6,932      13,249       7,001      13,852

Marketable securities                             368       1,433         368       1,433

Total accounts receivable                      10,790       8,556      12,820       9,410

Receivables to parent company / subsidiary        918         491                     240

Other receivables                               5,436         298       5,451         300

Accrued income	                                    3           1           3           1

Prepaid expenses                                  159         332         172         344

Tax prepayments                                   540         550         540         611

Total current receivables                      17,845      10,228      18,984      10,906

Total liquid assets                            25,145      24,910      26,353      26,191

Raw materials and inventories                  14,369      15,820      16,353      17,087

Goods                                           3,090       3,077       3,251       3,246

Prepayments to suppliers                            0         132           0         404

Total inventories                              17,458      19,029      19,604      20,737

TOTAL CURRENT ASSETS                           42,604      43,939      45,957      46,928

 

Stock and shares in subsidiaries                3,269       2,701

Stock and shares in affiliated companies       17,252      14,329      16,488      14,892

Other securities                                1,554       1,570       1,554       1,584

Other long-term receivables                       434         239         465         239

Other receivables to parent / subsidiaries        465         785           0           0

Total financial investments                    22,974      19,624      18,507      16,714

Plant and equipment                            37,200      23,984      37,200      23,984

Other equipment and fixtures                   20,019      18,905      25,410      22,536

Other inventory                                 1,434       1,343       1,707       1,542

Accumulated depreciation                      -14,414     -12,191     -15,520     -12,811

Unrealized capital investments                  2,828         429       3,392         429

Total tangible assets                             564      32,470      52,189      35,679

Goodwill                                       47,632                     377         473

TOTAL NON-CURRENT ASSETS                       70,606      52,094      71,073      52,867

TOTAL ASSETS                                  113,210      96,033     117,030      99,795

 

LIABILITIES AND OWNERS' EQUITY

Debentures                                                                520

Current period repayment of long-term loans     3,936       3,016       3,936       3,016

Short-term loans from credit institutions       1,573         946       1,873       1,280

Customer prepayments                               20          55          21          98

Supplier payables                               7,154       6,431       8,315       7,151

Tax liabilities                                 3,624         228       3,624         228

Accrued expenses                                3,731       6,356       3,945       6,562

Prepaid revenues                                4,300       6,880       4,780       7,328

TOTAL CURRENT LIABILITIES                      24,337      23,912      27,014      25,663

Non-convertible debt obligations                    0           0       1,361           0

Long-term bank loan                            15,744      12,813      15,744      13,820

Potential income tax liability                  2,495       1,870       3,051       2,128

TOTAL NON-CURRENT LIABILITIES                  18,239      14,683      20,157      15,948

TOTAL LIABILITIES                              42,576      38,595      47,171      41,611

 

Share capital                                  18,000      18,000      18,000      18,000

Reserves                                        3,610       2,010       3,610       2,010

Retained earnings                              44,169      32,614      44,169      32,614

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR       4,854       4,814       4,080       5,560

TOTAL OWNERS' EQUITY                           70,633      57,438      69,859      58,184

TOTAL LIABILITIES AND OWNERS' EQUITY          113,210      96,033     117,030      99,795

 

 

Karin Padjus

Accountant

+372 67 47 403