REVAL HOTELLIGRUPI AS

BALANCE SHEET

31.12.98

 

Consolidated, unaudited

In thousand EEK

                                               31.12.98    31.12.97

 

ASSETS

Current assets

  Cash and cash equivalents                      21,473      31,221

  Customer receivables                            6,764       8,445

  Other receivables                               2,488      18,720

  Accrued income                                  1,599       1,333

  Prepaid expenses                                1,328       2,932

  Inventories                                     3,912       3,232

Total current assets                             37,565      65,884

Non-current assets

  Long-term financial investments                22,787      36,811

  Tangible assets                               276,183      84,098

  Intangible assets                               7,111      10,341

  Prepayments for non-current assets                  0       2,922

Total non-current assets                        306,081     134,173

TOTAL ASSETS                                    343,646     200,056

 

 

LIABILITIES AND OWNERS' EQUITY

Current liabilities

  Debt liabilities                               47,057         706

  Customer prepayments                              531         281

  Supplier payables                               5,881       5,776

  Other payables                                    594          86

  Tax liabilities                                11,923       7,866

  Accrued expenses                                6,980       6,169

Total current liabilities                        72,967      20,884

Non-current liabilities

  Long-term debt obligations                    147,437      80,964

  Deferred income tax                             5,840       6,632

Total non-current liabilities                   153,277      87,596

Minority interest                                                -1

Owners' equity

  Share capital                                  40,884      13,628

  Capital surplus                                12,032      12,032

  Mandatory reserve capital                       1,363       1,246

  Retained earnings                              37,298      35,748

  Profit for the year                            25,826      28,923

Total owners' equity                            117,402      91,577

TOTAL LIABILITIES AND OWNERS' EQUITY            343,646     200,056

 

 

1 Consolidated balance sheet reflects the assets, liabilities and owners' equity of 

the parent company and subsidiary AS Hotell Olümpia.