16.04.1999, Tallinna Farmaatsiatehas, TLN

FARMAATSIATEHASE AS

BALANCE SHEET

31.12.1997

 

Consolidated, audited

                                                   group           group          parent          parent

 

ASSETS                                         31.12.1998      31.12.1997      31.12.1998      31.12.1997

 

CURRENT ASSETS

Cash and bank                                   1,932,791       5,686,611       1,929,753       5,609,908

 

Customer receivables                           16,281,191      42,861,555      16,281,191      42,861,555

Other accounts receivable                       7,570,476      40,342,912       7,365,828      40,539,367

TOTAL RECEIVABLES                              23,851,667      83,204,467      23,647,019      83,400,922

 

Inventories                                    20,190,815      23,113,512      20,118,699      23,107,869

Work-in-process                                   699,514       2,156,518         699,514       2,150,258

Finished goods                                 15,514,003      20,221,167      15,514,003      20,221,167

Total goods and inventories                    36,404,332      45,491,197      36,332,216      45,479,294

 

TOTAL CURRENT ASSETS                           62,188,790     134,382,275      61,908,988     134,490,124

 

Tangible assets at residual cost               36,748,747      35,437,262      34,338,178      32,858,180

Prepayments for non-current assets                              1,475,342                       1,475,342

Unrealized capital investments                  2,647,274                       2,647,274

Total tangible assets                          39,396,021      36,912,604      36,985,452      34,333,522

 

Investments in affiliated companies             7,952,106      10,508,132       7,952,106      10,508,132

Investments in subsidiaries                                                                     3,866,400

Goodwill                                                        3,866,400

Intangible assets                               4,022,465       3,770,403       4,022,465       3,770,403

Other non-current receivables                     529,937         571,425         526,361         951,585

 

TOTAL NON-CURRENT ASSETS                       51,900,529      55,628,964      49,486,384      53,430,042

 

TOTAL ASSETS                                  114,089,319     190,011,239     111,395,372     187,920,166

 

 

LIABILITIES AND OWNERS' EQUITY 

 

LIABILITIES

CURRENT LIABILITIES

SHORT-TERM LOANS                               30,583,866      20,335,845      26,918,033      19,725,950

Short term supplier payables                   17,153,804      11,924,760      17,153,572      11,932,070

Salary-related payables                           990,913       2,230,443         990,913       2,199,345

Tax liabilities                                 6,924,749       4,766,839       6,846,514       4,687,449

Customer prepayments                                8,254         136,281           8,254         136,281

Unpaid dividends                                  446,814         446,814         446,814         446,814

Other debt obligations                          3,216,004       1,315,616       4,266,357       1,315,616

TOTAL CURRENT LIABILITIES                      59,324,404      41,156,598      56,630,457      40,443,525

 

Long-term bank loans                           48,509,147      46,325,860      48,509,147      44,947,860

DEFERRED INCOME TAX LIABILITY                                   3,453,971                       3,453,971

TOTAL NON-CURRENT LIABILITIES                  48,509,147      49,869,831      48,509,147      48,401,831

 

Share capital                                  37,700,340      37,700,340      37,700,340      37,700,340

Reserves                                       10,184,954      10,184,954      10,184,954      10,184,954

Exchange differences                                               -6,888

Retained earnings                             -41,629,526      51,196,404     -41,629,526      51,189,516

 

TOTAL OWNERS' EQUITY                            6,255,768      99,074,810       6,255,768      99,074,810

 

TOTAL LIABILITIES AND OWNERS' EQUITY          114,089,319     190,011,239     111,395,372     187,920,166