ESTIKO

BALANCE SHEET

 

GROUP BALANCE SHEET 31.12.1999

 

Consolidated, in thousand EEK

                                                              Group                  Parent

                                                   Note    31.12.99    31.12.98    31.12.99    31.12.98

ASSETS

CURRENT ASSETS

Cash and bank                                         1       1,050       3,875          30          70

Customer receivables

Accounts receivable                                   2      15,193      18,088       2,495         884

Allowance for doubtful accounts                              -1,599      -1,522        -530        -132

TOTAL                                                        13,594      16,566       1,965         752

Other receivables

Receivables from subsidiaries and parent                                              2,602       8,399

Reserve for other receivables                                                                      -110

Transactions with shareholders                                4,651                   4,651

Other current receivables                                     1,722         225         228         221

TOTAL                                                 3       6,373         225       7,481       8,510

Accrued income

Other accrued income                                                         34

TOTAL                                                                        34

Prepaid expenses

Prepaid/refundable tax receivables                    4       3,611       6,685       1,790       1,743

Other prepaid expenses                                5         291       1,478         227         607

TOTAL                                                         3,902       8,163       2,017       2,350

Inventories:

Raw materials                                                 7,434       4,727

Work-in-progress                                              3,400         558

Finished goods                                                4,475       4,464

Merchandise purchased for resale                                181      15,687

Prepayments to suppliers                                         12          50

Total inventories                                     6      15,502      25,486

TOTAL CURRENT ASSETS                                         40,421      54,349      11,493      11,682

NON-CURRENT ASSETS

Long-term financial assets:

Shares and stock in subsidiaries                                                     41,315      40,280

Other long-term receivables                                                           8,685       3,500

Total long-term financial assets                                395       1,011         395         506

TOTAL                                                 7         395       1,011      50,395      44,286

Tangible assets:

Land and buildings (acquisition cost)                       100,940     128,704      48,377      49,064

Plant and equipment (acquisition cost)                       55,046      54,365         527         751

Other equipment and fixtures (acquisition cost)               2,760      23,836         610         512

Accumulated depreciation (less)                             -26,002     -23,500      -6,870      -5,134

Fixed assets under construction                               3,377       3,041         375         115

Prepayments for tangible assets                               4,663          56       4,500

TOTAL                                                 8     140,784     186,502      47,519      45,308

Intangible assets

Establishment costs                                                         762

Purchased  patents, licenses,

trademarks, etc.                                                          5,958

Prepayments for intangible assets                                 9                       9

TOTAL                                                             9       6,720           9

TOTAL NON-CURRENT ASSETS                                    141,188     194,233      97,923      89,594

TOTAL ASSETS                                                181,609     248,582     109,416     101,276

 

 

LIABILITIES AND OWNERS' EQUITY

LIABILITIES                                               31.12.99    31.12.98    31.12.99    31.12.98

CURRENT LIABILITIES

Debt obligations

Debentures (except bank loans)                        9       6,484       7,956       5,198       4,660

Current period repayment of

long-term bank loans                                         10,497       9,791       3,609       3,855

Short-term loans from

credit institutions                                  10       5,704      17,031       5,198       2,880

TOTAL                                                        22,685      34,778      14,005      11,395

Customer prepayments for goods

and services                                                    273         891          47         367

Supplier payables

Accounts payable                                              7,331      30,123         296         254

TOTAL                                                         7,331      30,123         296         254

Other payables

Payables to subsidiaries and parent                                                     144         316

Other payables                                                   37           1

TOTAL                                                            37           1         144         316

Tax liabilities                                      11       1,528       2,315         384         199

Accrued expenses

Salary-related accrued expenses                               2,227       3,867         291         241

Dividends payable                                                33          44          17          43

Interest payable                                                817          73         614          59

Other accrued expenses                                          411         381         351         106

TOTAL                                                12       3,488       4,365       1,273         449

Short-term provisions                                                       800

Other prepaid revenue                                           187         122         187

TOTAL CURRENT LIABILITIES                                    35,529      73,395      16,336      12,980

NON-CURRENT LIABILITIES

Long-term debt

Non-convertible debt                                  9       2,547       8,781          48       3,300

Bank loans                                       10;14       59,665      73,751      11,675      11,616

TOTAL                                                        62,212      82,532      11,723      14,916

Long-term provisions

Other provisions                                                              5

TOTAL                                                                         5

TOTAL NON-CURRENT LIABILITIES                                62,212      82,537      11,723      14,916

TOTAL LIABILITIES                                            97,741     155,932      28,059      27,896

MINORITY INTEREST                                             2,511      19,270

OWNERS' EQUITY

Share capital in nominal value                       16      59,851      59,851      59,851      59,851

Capital surplus                                               4,727       5,161       4,727       5,161

Reserves

Mandatory legal reserve                                       2,462       2,122       2,462       2,122

TOTAL                                                         2,462       2,122       2,462       2,122

Retained earnings                                             6,989         541       6,989         541

NET PROFIT (-LOSS) FOR THE FINANCIAL YEAR                     7,330       6,792       7,330       6,792

Treasury shares (less)                                           -2      -1,087          -2      -1,087

TOTAL OWNERS' EQUITY                                 15      81,357      73,380      81,357      73,380

TOTAL LIABILITIES AND OWNERS' EQUITY                        181,609     248,582     109,416     101,276

 

 

Mart Raik

Chairman of the Management Board

Tel. +372 74 70 724