AS FAKTO

BALANCE SHEET

30.09.1999

 

Consolidated, unaudited

in thousand EEK

 

Assets

Current assets                                           30.09.99   30.09.98     Change   31.12.98

 

Cash and bank                                               6 649      5 639       17.9%     4 975

 

Accounts receivable

Customer receivables                                       24 042     25 734       -6.6%    19 051

Allowance for doubtful accounts (less)                       -866     -1 961      -55.8%    -1 813

Total accounts receivable                                  23 176     23 773       -2.5%    17 238

 

Other receivables

Other current receivables                                   8 078      2 714      197.7%     8 282

Total other receivables                                     8 078      2 714      197.7%     8 282

 

Accrued income

Calculated interests                                           13          0                   112

Total accrued income                                           13          0                   112

 

Prepaid expenses and prepaid/refundable tax receivables

Prepaid/refundable tax receivables                          2 911      9 839      -70.4%     3 369

Prepaid expenses                                              273        262        4.0%       434

Total prepaid expenses and prepaid/refundable               3 184     10 101      -68.5%     3 804

tax receivables

 

Inventories

Raw materials                                                   8         13      -33.6%         8

Work-in-progress                                              315        273       15.5%       386

Merchandise purchased for resale                           32 131     30 532        5.2%    30 045

Prepayments to suppliers                                       10        330      -97.0%       294

Total inventories                                          32 464     31 148        4.2%    30 733

 

Total current assets                                       73 565     73 375        0.3%    65 145

 

Non-current assets

Long-term financial investments

Goodwill                                                    1 013      1 392      -27.3%     1 297

Stock and shares in affiliated companies                        0        400     -100.0%       400

Other non-current receivables                               5 190          0                 7 519

Total long-term financial investments                       6 203      1 792      246.1%     9 216

 

Tangible assets

Land and building (acquisition cost)                       72 408     49 132       47.4%    72 074

Plant and equipment (acquisition cost)                     14 714     19 398      -24.1%    14 151

Other equipment and fixtures                                6 903      4 991       38.3%     5 998

Accumulated depreciation (less)                           -24 469    -20 969       16.7%   -19 761

Fixed assets under construction                                 0     15 315     -100.0%         0

Prepayments for fixed assets                                    0        482     -100.0%         0

Total tangible assets                                      69 555     68 349        1.8%    72 462

 

Intangible assets

Purchased  patents, licenses, trademarks, etc.                433        154      181.3%       246

Total intangible assets                                       433        154      181.3%       246

 

Total non-current assets                                   76 191     70 295        8.4%    81 925

 

Total assets                                              149 755    143 670        4.2%   147 070

 

 

Liabilities and owners' equity

                                                         30.09.99   30.09.98        1.0%  31.12.98

Current liabilities

 

Short-term borrowings

Current period repayment of long-term debt                  2 864      3 358      -14.7%     5 309

Short-term loans from financial institutions                5 116      1 836      178.7%     3 418

Debentures                                                  4 064      1 785      127.6%     4 151

Total short-term borrowings                                12 044      6 979       72.6%    12 878

 

Customer prepayments                                        8 721      7 315       19.2%     1 791

 

Supplier payables                                          48 260     45 067        7.1%    44 990

 

Tax liabilities                                             3 907      5 594      -30.2%     4 465

 

Accrued expenses

Salary-related accrued expenses                             3 421      4 286      -20.2%     2 706

Dividends payable                                             336          0                     0

Interests payable                                           2 533        795      218.5%     2 009

Other accrued expenses                                      1 125         32     3398.8%       279

Total accrued expenses                                      7 415      5 114       45.0%     4 994

 

Total current liabilities                                  80 346     70 069       14.7%    69 119

 

Non-current liabilities

Long-term borrowings

Non-convertible long-term debt                                 58        812      -92.9%       340

Bank loans                                                 25 311     28 844      -12.3%    27 067

Other long-term borrowings from financial institutions      5 636      2 373      137.5%     8 465

Total long-term borrowings                                 31 005     32 030       -3.2%    35 872

 

Other long-term debt

Deferred income tax liability                               2 234      2 701      -17.3%     2 294

Total other long-term debt                                  2 234      2 701      -17.3%     2 294

 

Total non-current liabilities                              33 239     34 730       -4.3%    38 167

 

Total liabilities                                         113 585    104 799        8.4%   107 286

 

Minority interest                                           3 486      3 772       -7.6%     3 733

 

Owners' equity

Share capital in nominal value                             16 501     16 501        0.0%    16 501

Capital surplus                                             7 307      7 307        0.0%     7 307

Reserves                                                      767        502       52.7%       502

Retained earnings                                           9 167      6 452       42.1%     6 452

Profit/loss for the financial year                         -1 057      4 338     -124.4%     5 290

Total owners' equity                                       32 684     35 099       -6.9%    36 051

 

Total liabilities and owners' equity                      149 755    143 670        4.2%   147 070

 

 

Toivo Urva

Chairman of the Management Board

+372 63 89 222