AS EESTI TELEKOM

BALANCE SHEET

30.09.98

 

Consolidated (IAS)

in thousand EEK

                                                30.09.98     31.12.97     31.12.96     31.12.95

ASSETS

NON-CURRENT ASSETS

Land, buildings and equipment                   2,734,586    2,503,043    2,093,006    1,650,156

Goodwill                                           14,830           -         7,197       14,394

Licences, patents and trade marks                  42,031       42,442       16,652        5,079

Development costs                                     894        1,106        1,388           -

Shares in associated companies                      1,414           -        17,172       15,903

Other investments                                      98          945        2,344        1,101

Other long-term receivables                         1,325        1,554        4,075        4,752

Tax prepayments                                   105,402      100,378      138,371       82,549

TOTAL NON-CURRENT ASSETS                        2,900,580    2,649,468    2,280,205    1,773,934

 

CURRENT ASSETS

Inventories                                       100,556      104,270       65,602       97,293

Customer receivables                              394,897      285,535      238,937      197,689

Short-term investments                              9,533       18,412           -            -

Cash and cash equivalents                         329,281      221,824       42,875      129,518

TOTAL CURRENT ASSETS                              834,267      630,041      347,414      424,500

 

TOTAL ASSETS                                    3,734,847    3,279,509    2,627,619    2,198,434

 

LIABILITIES AND OWNERS' EQUITY

Owners' equity and reserves

Shares issued                                     735,000      735,000      736,553      736,291

Reserves                                           30,003        4,525           -           135

Retained earnings                                 733,649      586,373      381,500      233,378

Total owners' equity and reserves               1,498,652    1,325,898    1,118,053      969,804

 

Minority interest                                 920,555      825,678      667,167      531,963

 

Non-current liabilities

Interest-bearing debt obligations                 690,251      676,518      486,463      473,874

Deferred taxes                                     68,836       48,735       31,794       18,857

Total non-current liabilities                     759,087      725,253      518,257      492,731

 

Current liabilities

Supplier payables                                 352,691      276,631      171,882      158,801

Interest-bearing debt obligations                 203,862      126,049      152,260       45,135

Total current liabilities                         556,553      402,680      324,142      203,936

 

TOTAL LIABILITIES AND OWNERS' EQUITY            3,734,847    3,279,509    2,627,619    2,198,434