AS ESTIKO

BALANCE SHEET

31.12.98

 

Consolidated, unaudited

In thousand EEK

 

                                                                      31.12.98   31.12.97

ASSETS

CURRENT ASSETS

1. Cash and bank                                                         3 875      5 714

2. Marketable securities                                                            2 374

3. Customer receivables

  3.1. Accounts receivable                                              18 088     10 522

  3.3. Allowance for doubtful accounts (less)                           -1 522     -1 054

  3. TOTAL                                                              16 566      9 468

4. Other receivables

  4.4. Other current receivables                                           225      4 407

  4. TOTAL                                                                 225      4 407

5. Accrued income

  5.1. Interests                                                                       85

  5.3. Other accrued income                                                 34

  5. TOTAL                                                                  34         85

6. Prepaid expenses

  6.1. Prepaid/refundable tax receivables                                6 150      4 170

  6.2. Other prepaid expenses                                            1 478         82

  TOTAL                                                                  7 628      4 252

7. Inventories

  7.1. Raw material                                                      4 727      3 214

  7.2. Work-in-progress                                                    558        727

  7.3. Finished goods                                                    4 464      3 832

  7.4. Merchandise purchased for resale                                 15 687     18 887

  7.5. Prepayments to suppliers                                             50         99

  TOTAL                                                                 25 486     26 759

TOTAL CURRENT ASSETS                                                    53 814     53 059

 

NON-CURRENT ASSETS

8. Financial assets

  8.6. Other non-current receivables                                     1 011         49

  TOTAL                                                                  1 011         49

9. Tangible assets

  9.1. Land and buildings (at acquisition cost)                        128 704     74 397

  9.2. Plant and equipment (at acquisition cost)                        54 365     27 944

  9.3. Other equipment and fixtures (at acquisition cost) 		23 836     14 281

  9.4. Accumulated depreciation (less)                                 -23 500    -19 855

  9.5. Unfinished building                                               3 041     21 556

  9.6. Prepayments for non-current assets                                   56      5 905

  TOTAL                                                                186 502    124 228

10. Intangible assets

  10.1. Formation and organization costs                                   762

  10.3. Purchased patents, licences, etc. 				 5 958      5 327

  10.4. Goodwill                                                                    8 728

  10.6. Other intangible assets                                                       702

  TOTAL                                                                  6 720     14 757

TOTAL NON-CURRENT ASSETS                                               194 233    139 034

TOTAL ASSETS                                                           248 047    192 093

 

                                                           

LIABILITIES AND OWNERS' EQUITY

LIABILITIES     						      31.12.98   31.12.97

CURRENT LIABILITIES 

11. Debt obligations

  11.1. Debentures (except bank loans)                                   7 956      7 379

  11.3. Current period long-term debt repayment                         12 066      6 685

  11.4. Short-term loans from credit institutions                       14 756      8 266

  11. TOTAL                                                             34 778     22 330

12. Customer prepayments for goods and services                            891        889

13. Supplier payables

  13.1. Accounts payable                                                30 123     16 959

  13. TOTAL                                                             30 123     16 959

14. Other payables 

  14. TOTAL                                                                  1          0

15. Tax liabilities                                                      1 780      3 670

16. Accrued expenses

  16.1. Salary-related expenses                                          3 867      3 007

  16.2. Dividend payables                                                   44         11

  16.3. Interest payables                                                   73         27

  16.4. Other accrued expenses                                             381        186

  16. TOTAL                                                              4 365      3 231

17. Current provisions                                                     800

18. Other prepaid revenues                                                 122        198

TOTAL CURRENT LIABILITIES                                               72 860     47 277

 

NON-CURRENT LIABILITIES

19. Non-current payables

  19.1. Non-convertible debt                                             8 781     16 030

  19.3. Bank loans                                                      73 751     28 931

  19. TOTAL                                                             82 532     44 961

21. Long-term provisions

  21.2. Other provisions                                                     5      2 691

  21. TOTAL                                                                  5      2 691

TOTAL NON-CURRENT LIABILITIES                                           82 537     47 652

Minority interest                                                       19 270     26 228

TOTAL LIABILITIES                                                      174 667    121 157

 

OWNERS' EQUITY

22. Share capital in nominal value                                      59 851     29 950

23. Capital surplus                                                      5 161     17 571

26. Reserves

  26.1. Mandatory reserve capital                                        2 122      1 866

  26.2. Other reserves (by types)

  26. TOTAL                                                              2 122      1 866

27. Retained earnings                                                      541     13 235

28. Profit for the financial year (loss)                                 6 792      8 371

29. Trasury shares (less)                                               -1 087        -57

TOTAL OWNERS' EQUITY                                                    73 380     70 936

TOTAL LIABILITIES AND OWNERS' EQUITY                                   248 047    192 093