AS ESTIKO

BALANCE SHEET

31.12.98

 

Consolidated/audited

in thousand EEK

 

                                                                         31.12.1998    31.12.1997

ASSETS

Current assets

1. Cash and bank                                                              3 875         5 714

2. Marketable securities                                                          0         2 374

3. Accounts receivable

   3.1. Customer receivables                                                 18 088        10 522

   3.3. Allowance for doubtful accounts (less)                               -1 522        -1 054

   3. Total                                                                  16 566         9 468

4. Other receivables

   4.4. Other current receivables                                               225         4 407

   4. Total                                                                     225         4 407

5. Accrued income

   5. Total                                                                      34            85

6. Prepaid expenses

   Prepaid/refundable tax receivables                                         6 685         4 170

   Other prepaid expenses                                                     1 478            82

   Total                                                                      8 163         4 252

7. Inventories

   Raw materials                                                              4 727         3 214

   Work-in-progress                                                             558           727

   Finished goods                                                             4 464         3 832

   Merchandise purchased for resale                                          15 687        18 887

   Prepayments to suppliers                                                      50            99

   Total                                                                     25 486        26 759

Total current assets                                                         54 349        53 059

Non-current assets

Financial assets

   Other long-term receivables                                                1 011            49

   Total                                                                      1 011            49

Tangible assets

   Land and building (acquisition cost)                                     128 704        74 397

   Plant and equipment (acquisition cost)                                    54 365        27 944

   Other equipment and fixtures (acquisition cost)                           23 836        14 281

   Accumulated depreciation (less)                                          -23 500       -19 855

   Unfinished building                                                        3 041        21 556

   Prepayments for non-current assets                                            56         5 905

   Total                                                                    186 502       124 228

Intangible assets

   Formation and organization costs                                             762

   concessions, patents, licence, trade marks purchased                       5 958         5 327

   Goodwill                                                                       0         8 728

    Other intangible assets                                                       0           702

   Total                                                                      6 720        14 757

Total non-current assets                                                    194 233       139 034

Total assets                                                                248 582       192 093

 

Liabilities and owners' equity

Liabilities                                                              31.12.1998    31.12.1997

Current liabilities

Debt obligations

   Debentures (except bank loans)                                             7 956         7 379

   Current period long-term debt repayment                                   17 031         6 685

   Short-term loans from financial institutions                               9 791         8 266

   Total                                                                     34 778        22 330

Customer prepayments                                                            891           889

Accounts payable

   Supplier payables                                                         30 123        16 959

   Total                                                                     30 123        16 959

Other payables

   Total                                                                          1             0

Tax liabilities                                                               2 315         3 670

Accrued expenses

   Salary-related expenses                                                    3 867         3 007

   Dividends payable                                                             44            11

   Interests payable                                                             73            27

   Other accrued expenses                                                       381           186

   Total                                                                      4 365         3 231

Short-term provisions                                                           800

Other prepaid revenues                                                          122           198

Total current liabilities                                                    73 395        47 277

Non-current liabilities

Long-term debt obligations

   Non-convertible long-term debt                                             8 781        16 030

   Bank loans                                                                73 751        28 931

   Total                                                                     82 532        44 961

Long-term provisions

   Other provisions                                                               5         2 691

   Total                                                                          5         2 691

Total non-current liabilities                                                82 537        47 652

Total liabilities                                                           155 932        94 929

Minority interest                                                            19 270        26 228

Owners' equity

Share capital in nominal value                                               59 851        29 950

Capital surplus                                                               5 161        17 571

Reserves

   Mandatory reserve capital                                                  2 122         1 866

   Other reserves (by types)

   Total                                                                      2 122         1 866

Retained earnings                                                               541        13 235

Profit/loss for the financial year                                            6 792         8 371

Treasury shares (less)                                                       -1 087           -57

Total owners' equity                                                         73 380        70 936

Total liabilities and owners' equity                                        248 582       192 093

 

 

 

Jaanus Salum

Chairman of the Management Board

tel +372 747 3649