AS PENNU COMPUTER TECHNOLOGY

BALANCE SHEET

31.12.98

 

Unconsolidated, unaudited

In thousand EEK 

 

                                                        parent        parent        parent

                                                      31.12.98      30.06.98      31.12.97

ASSETS

Cash and bank                                              454         1,024         1,208

Marketable securities                                                                  735

Customer receivables                                     9,393        13,169        22,646

  Accounts receivable                                   12,516        13,292        22,705

  Allowance for doubtful accounts                       (3,124)         (124)          (59)

Other receivables                                        2,818         1,408           885

  Receivables from subsidiaries                             26           118            46

  Receivables from affiliated enterprises

  Other current receivables                              2,792         1,290           839

Accrued income                                             422           745           931

  Interest receivables                                     352           605           931

  Dividend receivables                                      70           140

Prepaid expenses			                 6,654         4,126         2,091

  Prepaid/ refundable taxes		                 5,230         4,038         1,899

  Other prepaid expenses		                 1,424            88           192

Inventories                                             11,660        21,505        19,614

  Raw material

  Finished goods                                           473         1,905

  Merchandise purchased for resale                      10,376        18,488

  Prepayments to suppliers                                 810         1,113

TOTAL CURRENT ASSETS                                    31,401        41,976        48,109

 

Financial assets		                        10,882        39,614        39,152

  Stock and shares in subsidiaries                       1,407        15,740        15,158

  Stock and shares in affiliated enterprises                           1,714         1,554

  Non-current receivables from subsidiaries              7,014        22,000        22,440

  Other non-current receivables                          2,460           160

Tangible assets                                          1,769         1,811         1,901

  Land and buildings 

  Plant and equipment                                      983           754           761

  Other equipment and fixtures                           1,837         2,389         2,224

  Accumulated depreciation                              (1,051)       (1,332)       (1,084)

  Prepayments for non-current assets

Intangible assets                                           77           115

  Purchased patents, licences, etc.                         77           115

TOTAL NON-CURRENT ASSETS                                12,728        41,541        41,052

TOTAL ASSETS                                            44,128        83,517        89,161

 

LIABILITIES AND OWNERS' EQUITY

Debt obligations                                        18,486        18,192           674

  Debentures (except bank loans)                            68            76            34

  Current period long-term debt repayment                6,190         6,357

  Short-term loans from credit institutions             12,227        11,759           641

Customer prepayments for goods and services                 52            17         1,794

Supplier payables                                       10,308        10,758        14,104

  Accounts payable                                      10,308        10,758        14,104

Other payables                                              59         6,342        28,525

  Payables to subsidiaries                                  59         6,342        28,525

Tax liabilities                                            325           122           665

Accrued expenses                                           492         1,464         1,089

  Salary-related expenses                                  324           311           549

  Interest payables                                         40         1,114           386

  Other accrued expenses                                   128            40           154

Other prepaid revenues

TOTAL CURRENT LIABILITIES                               29,723        36,895        46,851

 

Non-current payables                                     3,791         5,716           148

  Non-convertible debt			                   224            72           148

  Long-term bank loans                                   3,566         5,643

Deferred income tax                                        231           231

TOTAL NON-CURRENT LIABILITIES                            4,021         5,946           148

TOTAL LIABILITIES                                       33,744        42,841        46,999

 

Minority interest

 

Share capital in nominal value                          16,000        16,000        16,000

Capital surplus                                         15,006        15,006        15,006

Mandatory reserve capital                                  767           553           553

Retained earnings                                        8,891         4,823         4,823

Profit for the financial year                          (30,279)        4,294         5,780

TOTAL OWNERS' EQUITY                                        10        40,676        42,162

TOTAL LIABILITIES AND OWNERS' EQUITY                    44,128        83,517        89,161