Andmed seisuga: 18.05.2024 21:24 (GMT+3)

Pennu CT: Commentary to the financial results of the II quarter of 98/99 economic year

26.02.1999, , TLN
AS PENNU COMPUTER TECHNOLOGY GROUP
ANNOUNCEMENT
26.02.99


COMMENTARY TO THE UNCONSOLIDATED UNAUDITED FINANCIAL RESULTS OF THE II
QUARTER OF 98/99 ECONOMIC YEAR

The unconsolidated net sales of the II quarter of 98/99 economic year
of AS Pennu Computer Technology Group amounted to 42.5 million EEK, and
the unconsolidated loss was 30.5 million EEK. 26.5 million EEK of loss
proceeded from securities-related financial transactions and provisions
on accounts receivable, as disclosed earlier in relation to the general
shareholders meeting of 22.12.98.

The unconsolidated balance sheet volume of AS Pennu Computer Technology
Group as of 31.12.98 amounted to 44.1 million EEK, which is
approximately 2 times less than the unconsolidated balance sheet
volumes of 30.09.98 and 31.12.97.

The volume of unconsolidated current assets of AS Pennu Computer
Technology Group as of 31.12.98 accounted for 31.4 million EEK, which
is 71% of the balance sheet volume (the respective figures of 31.12.97
were 48.1 million EEK, 54%). Compared with the standings of 31.12.97,
the current liabilities decreased by 17 million EEK, accounting for 67%
of the balance sheet volume. The non-current liabilities accounted for
9% of the balance sheet volume. In comparison with 31.12.97, the total
liabilities decreased by over 13 million EEK.

As of 31.12.98, the volume of owners’ equity amounted to 10.3 million
EEK, accounting for 23.5% of the balance sheet volume.


Arho Anttila
AS Pennu Computer Technology Group
Tel. +372 650 5402

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