TALLINNA KÜLMHOONE AS

BALANCE SHEET

 

CONSOLIDATED BALANCE SHEET 31.03.2000

 

Consolidated, unaudited

in thousand EEK

 

                                                           incl. TKH            incl.TKH

ASSETS                                            31.12.99  31.12.99  31.03.00  31.03.00

CURRENT ASSETS

Cash and bank                                        2,134     2,817     4,765     4,372

Accounts receivable

Customer receivables                                26,752    22,246    27,624    22,635

Allowance for doubtful accounts                        -28       -28       -38       -14

TOTAL                                               26,724    22,218    27,586    22,621

Other receivables

Receivables from parent company and subsidiaries               5,132               5,342

Total current receivables                              415       377     1,643     1,587

TOTAL                                                  415     5,509     1,643     6,929

Accrued income

Other accrued income                                    10         6         2         2

Prepaid expenses

Prepaid/refundable tax receivables                     274                 245       149

Other prepaid expenses                                 566       474       721       639

TOTAL                                                  840       474       966       788

Inventories

Raw materials                                        7,378     7,373     7,255     7,255

Work-in-progress                                        81        81        87        87

Finished goods                                       7,313     7,313    12,704    12,704

Merchandise purchased for resale                    15,708    12,579    15,612    12,682

Prepayments to suppliers                               113       113        79        80

TOTAL                                               30,593    27,459    35,737    32,808

TOTAL CURRENT ASSETS                                60,716    58,483    70,699    67,520

 

NON-CURRENT ASSETS

Long-term financial assets                                     9,391               9,240

Tangible assets

Land and building                                   42,486    35,725    42,674    35,724

Plant and equipment                                 87,281    81,275    95,533    89,569

Other equipment and fixtures                        13,045    10,931     5,256     3,102

Accumulated depreciation                           -21,081   -17,178   -24,088   -19,754

Fixed assets under construction                                            407       407

Prepayments for fixed assets                                             2,033     2,033

TOTAL                                              121,731   110,753   121,815   111,081

Intangible assets

Goodwill                                             2,645               2,425

TOTAL NON-CURRENT ASSETS                           124,376   120,144   124,240   120,321

TOTAL ASSETS                                       185,092   178,627   194,939   187,841

 

LIABILITIES AND OWNERS EQUITY

CURRENT LIABILITIES

Debentures                                           3,419     1,951     2,898     1,417

Short-term loans from credit institutions            8,261     7,848    14,378    14,022

Current period repayment of long-term debt          12,917    12,917     7,047     7,047

TOTAL                                               24,597    22,716    24,323    22,486

Customer prepayments

                                                         2                   3         1

Accounts payable

Supplier payables                                   19,525    17,949    31,474    29,142

Payables to parent company and subsidiaries                      556                 441

Tax liabilities                                      2,978     2,822     2,352     2,117

Accrued expenses

Salary-related accrued expenses                      3,811     3,491     4,581     4,176

Interest expenses                                      582       582

Other accrued expenses                                  41        34        20        20

TOTAL                                                4,434     4,107     4,601     4,196

TOTAL CURRENT LIABILITIES                           51,536    48,150    62,753    58,383

 

NON-CURRENT LIABILITIES

Bank loans                                          50,613    50,613    50,613    50,613

Other loans from credit institutions                 4,931     2,287     4,648     2,375

Other long-term debt

Supplier payables                                      196       196       196       196

TOTAL NON-CURRENT LIABILITIES                       55,740    53,096    55,457    53,184

Deferred income tax liability

TOTAL LIABILITIES                                  107,276   101,246   118,210   111,567

 

MINORITY INTEREST                                      435                 455

 

OWNERS EQUITY

Share capital in nominal value                      33,870    33,870    33,870    33,870

Capital surplus                                     49,000    49,000    49,000    49,000

Restricted reserves

Mandatory reserve capital                            1,086     1,086     1,086     1,086

Other reserves

Retained earnings                                  -24,130   -24,130    -6,572    -6,572

Net profit for the year                             17,558    17,558    -1,107    -1,107

Treasury shares                                         -3        -3        -3        -3

TOTAL OWNERS EQUITY                                 77,381    77,381    76,274    76,274

TOTAL LIABILITIES AND OWNERS EQUITY                185,092   178,627   194,939   187,841

 

 

Evald Karu

Management Board member

+372 22 13 369