AS EMV

BALANCE SHEET

31.12.1998

 

Consolidated, unaudited

in thousand EEK

 

                                                  Group     Group    AS EMV    AS EMV

                                               31.12.98  31.12.97  31.12.98  31.12.97

ASSETS

Cash and bank                                     3 177    28 104     1 323    22 009

Marketable securities                                 2         8         2         8

Accounts receivable                              81 283    87 327    66 231    81 124

Other receivables                                32 713    36 199    51 481    52 745

Prepaid expenses                                 20 690    17 931    19 802    16 141

  incl. prepaid income tax                        5 568         -     5 568         -

Inventories                                      23 286    18 608     3 432    10 429

TOTAL CURRENT ASSETS                            161 151   188 177   142 271   182 456

Financial assets                                  4 390     6 929    20 243    19 560

Tangible assets                                 104 757   100 684    79 353    79 195

Intangible assets                                   259       254         -         -

Goodwill                                            284         -         -         -

TOTAL NON-CURRENT ASSETS                        109 691   107 867    99 596    98 756

TOTAL ASSETS                                    270 841   296 044   241 867   281 212

 

LIABILITIES

Debt liabilities                                 42 229    37 978    34 184    35 582

Customer prepayments                             28 837    37 975    25 678    35 275

Supplier payables                                59 733    72 440    52 241    69 135

Other payables                                        -     1 936     1 199     4 315

Tax liabilities                                   5 351     9 817     3 384     8 368

   incl. corporate income tax                       577     4 277         -     4 204

Accrued expenses                                  8 720     8 613     7 679     7 293

Short-term provisions                             8 447       866     8 242       812

Other prepaid revenues                            9 939    16 418     5 783    13 133

TOTAL CURRENT LIABILITIES                       163 256   186 043   138 390   173 913

Long-term debt obligations                       23 570    19 168    21 786    16 357

Other long-term payables                          3 525     5 964     3 525     5 964

Long-term provisions                              4 367     6 851     2 655     5 527

TOTAL NON-CURRENT LIABILITIES                    31 462    31 983    27 966    27 848

Minority interest                                   612       296         -         -

OWNERS' EQUITY

Share capital                                    47 400    47 400    47 400    47 400

Mandatory reserve capital                         4 740     3 555     4 740     3 555

Retained earnings                                23 208     1 021    24 941     1 021

Net profit for the year                             183    25 742    -1 550    27 475

Exchange differences                                -20         5       -20         -

TOTAL OWNERS' EQUITY                             75 511    77 723    75 511    79 451

TOTAL LIABILITIES AND OWNERS' EQUITY            270 841   296 045   241 867   281 212