30.03.1999, Tallinna Farmaatsiatehas, TLN

TALLINNA FARMAATSIATEHASE AS

BALANCE SHEET

31.12.98

 

Consolidated, unaudited

                                                      Consolidated                 Tallinna Farmaatsiatehase AS

ASSETS                                                  1998          1997          1998          1997

 

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

 

Customer receivables                              18,281,191    42,861,555    18,281,191    42,861,555

Other accounts receivable                          3,570,476    40,342,912     3,365,828    40,539,367

Total receivables                                 21,851,667    83,204,467    21,647,019    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                                    17,514,003    20,221,167    17,514,003    20,221,167

Total inventories                                 38,404,332    45,491,197    38,332,216    45,479,294

 

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

 

Non-current assets (residual value)               36,748,747    35,437,262    34,338,178    32,858,180

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

Unfinished building                                2,647,274            -      2,647,274            -

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

 

Investments in affiliated enterprises              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

 

Short-term loans                                  27,291,205    20,335,845    26,918,033    19,725,950

Supplier payables                                 17,153,804    11,924,760    17,153,572    11,932,070

Salary-related expenses                              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                             6,508,665     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                                       -      1,574,694            -      1,574,694

TOTAL NON-CURRENT LIABILITIES                     48,509,147    47,900,554    48,509,147    46,522,554

 

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

Reserves                                          10,184,954    12,064,231    10,184,954    12,064,231

Exchange differences                                       -         -6,888            -             -

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

 

TOTAL OWNERS' EQUITY                               6,255,768   100,954,087     6,255,768   100,954,087

 

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