AS BALTIKA

BALANCE SHEET

31.03.99

 

Consolidated, unaudited

(in thousand EEK)

 

ASSETS                                                31.03.99     31.03.98    Compare %      Compare EEK

CURRENT ASSETS                                                                     98/97

Cash and bank                                            2,611        5,628          -54%         (3,017)

Marketable securities                                    1,185        1,369          -13%           (184)

Customer receivables                                    57,293       51,313           12%          5,980

Other receivables and accrued income                       945        5,988          -84%         (5,043)

Prepaid expenses and tax refunds                         7,063        6,339           11%            724

Total inventories:                                     102,886       84,092           22%         18,794

Raw materials                                           23,670       14,989           58%          8,681

Merchandise purchased for resale                           -             96         -100%            (96)

Finished goods                                          74,563       55,199           35%         19,364

Work-in-process                                          4,544       12,568          -64%         (8,024)

Prepayments to suppliers                                   109        1,240          -91%         (1,131)

TOTAL CURRENT ASSETS                                   171,983      154,729           11%         17,254

NON-CURRENT ASSETS                                                                                   -

Long-term financial investments                          1,488        2,291          -35%           (803)

Total tangible assets                                   47,095       37,041           27%         10,054

Land and buildings                                      31,731       23,041           38%          8,690

Plant and equipment                                     53,474       42,559           26%         10,915

Other inventory                                         17,268       12,604           37%          4,664

Accumulated depreciation                               (55,603)     (41,824)          33%        (13,779)

Prepayments for non-current assets 

and unfinished building                                    225          661          -66%           (436)

Intangible assets                                        1,818          871          109%            947

TOTAL NON-CURRENT ASSETS                                50,401       40,203           25%         10,198

TOTAL ASSETS                                           222,384      194,932           14%         27,452

 

 

LIABILITIES AND OWNERS' EQUITY                        31/03/99     31/03/98      Change %     Change EEK

CURRENT LIABILITIES                                                                 98/97

Debt obligations                                        52,331       47,306           11%          5,025

Customer prepayments for goods and services                 82          -            100%             82

Supplier payables                                       11,727       14,601          -20%         (2,874)

Tax liabilities                                          6,528        3,276           99%          3,252

Accrued expenses                                         7,682        5,473           40%          2,209

TOTAL CURRENT LIABILITIES   	                        78,350       70,656           11%          7,694

NON-CURRENT LIABILITIES                                                                              -

Long-term debt obligations                              18,119        4,756          281%         13,363

Long-term provisions                                       589          661          -11%            (72)

TOTAL NON-CURRENT LIABILITIES                           18,708        5,417          245%         13,291

TOTAL LIABILITIES                                       97,058       76,073           28%         20,985

MINORITY INTEREST                                         9082          905         904%          8,177

 

OWNERS' EQUITY                                                                                   -

Share capital                                           48,000       48,000            0%            -

Capital surplus                                         24,039       23,829            1%            210

Reserves                                                22,884       22,890            0%             (6)

Retained earnings		                        19,116       19,485           -2%           (369)

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                2,692        3,788          -29%         (1,096)

Treasury shares (less)                                    (547)         -                           (547)

Exchange differences                                        60          (38)        -258%             98

TOTAL OWNERS' EQUITY                                   116,244      117,954           -1%         (1,710)

TOTAL LIABILITIES AND OWNERS' EQUITY                   222,384      194,932           14%         27,452