Balance Sheet (in EEK), Tallinn Stock Exchange
| Assets | 12/31/97 | 12/31/96 | |
| Current assets | |||
| Cash and bank | 3,471,854 | 1,636,387 | |
| Marketable securities (note 2) | 3,306,478 | 870,750 | |
| Trade receivables | 1,836,013 | 742,512 | |
| Accounts receivable | 1,836,013 | 742,512 | |
| Prepaid expenses | 2,337 | 4,479 | |
| Other prepaid expenses | 2,337 | 4,479 | |
| Total current assets | 8,616,682 | 3,254,128 | |
| Fixed assets | |||
| Tangible assets (note 3) | 1,032,281 | 395,792 | |
| Other equipment and fixtures | 1,250,269 | 463,822 | |
| Accumulated depreciation | -217,988 | -68,030 | |
| Intangible assets (note 3) | 1,321 | 471,629 | |
| Trademark | 1,321 | 471,629 | |
| Total fixed assets | 1,033,602 | 867,421 | |
| Total assets | 9,650,284 | 4,121,549 | |
| LIABILITIES AND OWNER'S EQUITY | |||
| Current liabilities | |||
| Trade payables | 542,470 | 382,898 | |
| Accounts payable | 542,470 | 382,898 | |
| Other payables | 115,997 | 118,534 | |
| Tax liabilities (note 6) | 880,760 | 45,500 | |
| Accrued expenses | 248,731 | 135,612 | |
| Salary- and security tax related accrued expenses | 248,731 | 135,612 | |
| Other prepaid revenue | 345,000 | 0 | |
| Total current liabilities | 2,132,958 | 682,544 | |
| Noncurrent liabilities | |||
| Long-term payables | 2,521,315 | 1,460,000 | |
| Guarantee fund | 2,480,000 | 1,460,000 | |
| Deferred income tax liability (note 6) | 41,315 | 0 | |
| Provisions | 115,326 | 169,954 | |
| Other noncurrent provisions | 115,326 | 169,954 | |
| Total noncurrent liabilities | 2,636,641 | 1,629,954 | |
| Owner's equity (note 4) | |||
| Share capital | 2,600,000 | 2,400,000 | |
| Share premium | 225,000 | 25,000 | |
| Retained earnings | -615,950 | -188,827 | |
| Net profit/loss for the financial year | 2,671,635 | -427,122 | |
| Total owners' equity | 4,880,685 | 1,809,051 | |
| Total liabilities and owner's equity | 9,650,284 | 4,121,549 | |
