AS PENNU COMPUTER TECHNOLOGY GROUP

ANNOUNCEMENT

31.03.99

 

COMMENTARY TO THE CONSOLIDATED AND UNAUDITED FINANCIAL RESULTS OF 

1998/99

 

The consolidated net sales of AS Pennu Computer Technology Group in the 

I half year of 1998/99 financial year amounted to 91 million EEK, and 

the consolidated loss was 19.3 million EEK. Loss from the sale of Järve 

Kinnisvarahoolduse AS amounted to 11.3 million EEK; loss from the 

disposal of shareholding in ID Süsteemide AS totaled 0.33 million EEK.

 

The consolidated balance sheet volume of AS Pennu Computer Technology 

Group as of 31.12.98 amounted to 78.8 million EEK. The volume of the 

current assets account was 45.5 million EEK, accounting for 57.7% of 

the balance sheet volume. The volume of cash account was negative 39.6 

million EEK (50.3% of the balance sheet volume). Current liabilities 

amounted to 53.5 million EEK (68% of the balance sheet volume), and 

non-current liabilities 4 million EEK (5% of the balance sheet volume). 

The volume of the owners’ equity account was 21.3 million EEK (27% of 

the balance sheet volume).

 

 

 

Arho Anttila

Manager

AS Pennu Computer Technology Group 

Tel. +372 650 5402