HÜVITUSFOND

BALANCE SHEET

30.06.98

 

Audited, 

in full EEK

 

     ASSETS

     CURRENT ASSETS

                                                30.06.98     31.12.97 

 

   1.Cash and bank	                      43 120 243  117 546 996

   2.Marketable securities                   378 468 057  513 720 133

   2.1.Bonds                                 103 084 530   91 244 240

   2.2.Shares and units                      275 383 527  422 475 893

   3.Other receivables                       363 170 648  333 368 902

      3.1.Receivables from subsidiaries       21 657 394   22 788 649

      3.2.Receivables from associated 

	  companies 		 	     48 124  994   47 886 837

      3.3.Other current receivables          293 388 260  262 693 416

   4.Accrued income                          39 020  821   35 448 235

   5.Prepaid expenses			       5 513 079   16 070 697

      5.1.Prepaid/refundable taxes                  

          receivables				 570 326    1 139 374

      5.2.Other prepaid expenses               4 942 753   14 931 323

 

   Total current assets                      829 292 848 1016 154 963

 

     NON-CURRENT ASSETS

   6.Financial assets			     728 692 115  752 569 870

      6.1.Units and shares of 		      20 900 905   17 974 804

   	  subsidiaries

      6.2.Non-current receivables from        40 600 000   77 370 000

          subsidiaries

      6.3.Units and shares of    	      29 816 673   28 568 107

          associated companies

      6.4.Non-current receivables from       141 023 023   96 435 599

          associated companies

      6.5.Other shares                           265 000      265 000

      6.6.Other non-current investments       17 674 944   11 353 011

      6.7.Other non-current receivables      532 965 878  552 166 068

      6.8.Allowance for doubtful accounts    -54 554 308  -31 562 719

   7.Material non-current assets              13 830 632   13 787 728

      7.1.Non-current assets                  17 629 186   16 982 454

      7.2.Accumulated depreciation            -3 798 554   -3 194 726

   8.Immaterial non-current assets               311 062      386 242

   Total non-current assets                  742 833 809  766 743 840

   TOTAL ASSETS                             1572 126 657 1782 898 803

 

     LIABILITIES AND OWNERS' EQUITY

     LIABILITIES

Current liabilities

   9.Debt liabilities to credit institutions 122 418 663  181 674 211

   10.Supplier payables                        1 066 682    2 754 176

   11.Liabilities to subsidiaries                  4 811       10 352

   12.Other debt liabilities	               1 149 322   34 001 717

   13.Tax liabilities                            162 239      568 083

   14.Accrued expenses                        17 639 513   21 898 153

      14.1.Interests                          17 368 935   21 500 468

      14.2.Salary-related payables               270 578      397 685

   Total current liabilities                 142 441 230  240 906 692

                                                          

Non-current liabilities

   15.Bonds issued                           417 946 900  375 006 800

   16.Other debt instruments issued          240 000 000  240 000 000

   Total non-current liabilities             657 946 900  615 006 800

                                                         

   17.Fund in the beginning of period        926 985 311  631 355 780

   18.Change                                -155 246 784  295 629 531

   19.Fund at the end of period              771 738 527  926 985 311

   TOTAL LIABILITIES AND OWNERS' EQUITY     1572 126 657 1782 898 803