|
Board
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Member of the
board
|
:
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Mr Toom, Illimar (Estonia)
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pers. code: 35501266014
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Member of the
Council
|
:
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Mrs Kivilaan, Hedli (Estonia)
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pers. code: 47511106019
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Member of the
Council
|
:
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Mr Susi, Innar (Estonia)
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pers. code: 36410256016
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Member of the
Council
|
:
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Mrs Toom, Irina (Estonia)
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pers. code: 45404176017
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Member of the
Council
|
:
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Mr Armvaart, Peep (Estonia)
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personal code: 36411254212.
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( the data cancelled since 01.10.2002 )
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Member of the
Council
|
:
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Mr Roosaar, Vahur (Estonia)
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personal code: 37305152717.
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( the data cancelled since 11.07.2001 )
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Member of the Council
|
:
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personal code: 34012136012.
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( the data cancelled since 15.06.1999 )
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Executives
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General director
|
:
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Mr Toom, Illimar (Estonia)
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pers. code: 35501266014
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Auditor
|
:
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Mrs Veiber, Merike (Estonia)
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pers. code: 45805016027
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:
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PERSONAL POSITIONS
Mr Illimar Toom is mentioned in the companies:
- Grand Hotel Viljandi
AS
- Dreamland Home OU
- Fibertex OU
- TTL Chemicals OU
- Toom Grupp OU
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Signature Right
|
:
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Mr Toom, Illimar
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Changes in
Registration Data
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- 02.01.2006
|
:
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- register
|
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- 06.08.2003
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:
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- 01.10.2002
|
:
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- 19.11.2001
|
:
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- 18.07.2001
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:
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- 11.07.2001
|
:
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- 15.06.1999
|
:
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- 09.07.1998
|
:
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* Manufacture of quilts, pillows, mattresses, bed-linen, bedcovers,
non-wovens.
Activity on the basis of international business activity classification
system of NACE:
DB.17.40 - Manufacture of made-up textile articles, except apparel /according
to Commercial Register/
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Employees
|
:
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|
601
|
|
( the data as of 12.2005 )
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Employees History
|
:
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-
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603
|
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|
( the data as of 12.2004 )
|
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-
|
566
|
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|
( the data as of 12.2003 )
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Export
|
:
|
yes
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|
Austria, Belgium, Denmark, Finland, Germany, Holland, Ireland
Republic, Italy, Latvia, Norway, Poland, Russian Federation, Slovenia,
Sweden, Switzerland, Kazakhstan, Great Britain, France
|
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93% of sales in 2005;
89% of sales in 2004.
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Import
|
:
|
yes
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|
Pakistan
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Known Assets
|
|
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Immovable Property
|
:
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|
own:
|
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-
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Land
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|
size/amnt
|
:
|
1 495.00 sq.m
|
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|
address
|
:
|
Raua 11, Viljandi, Estonia
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-
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Land
|
|
|
size/amnt
|
:
|
6 066.00 sq.m
|
|
|
address
|
:
|
Reinu road 3, Viljandi, Estonia
|
|
|
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-
|
Land
|
|
|
size/amnt
|
:
|
15 496.00 sq.m
|
|
|
address
|
:
|
Parsti rural district,
Mustivere, Raua 11, Viljandimaa, Viljandi
District, Estonia
|
|
|
|
-
|
Land
|
|
|
size/amnt
|
:
|
688.00 sq.m
|
|
|
address
|
:
|
Reinu road 3a, Viljandi, Estonia
|
|
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-
|
Land
|
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|
size/amnt
|
:
|
1 587.00 sq.m
|
|
|
address
|
:
|
Reinu road 3b, Viljandi, Estonia
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Branches
|
:
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yes
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-
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Factory (Abia-Paluoja, Estonia)
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name
|
:
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Toom Tekstiil
|
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address
|
:
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Kaare 13, Abia-Paluoja, 69402, Estonia
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-
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Factory (Viljandi, Estonia)
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name
|
:
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Toom Tekstiil
|
|
|
address
|
:
|
Reinu tee 3, Viljandi, 71011, Estonia
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-
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Factory (Viljandi, Estonia)
|
|
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name
|
:
|
Toom Tekstiil
|
|
|
address
|
:
|
Reinu tee 33a, Viljandi, 71010, Estonia
|
|
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-
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Factory (Tallinn, Estonia)
|
|
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name
|
:
|
Toom Tekstiil
|
|
|
address
|
:
|
Kopli 35b, Tallinn, 10412, Estonia
|
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-
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Shop (Viljandi, Estonia)
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name
|
:
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Dreamland Home
|
|
|
address
|
:
|
Tartu 9, Viljandi, Estonia
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Participation
|
:
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|
-
|
Grand Hotel Viljandi AS (Estonia)
|
100.00 %
|
|
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|
address
|
:
|
Viljandi, Estonia
|
|
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|
Address Tartu 11/ Lossi 29, Viljandi
71004 Estonia
Reg.nr. 10741690
Reg.date 19.03.2001
Share capital 700 000 EEK
Activity Hotel
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|
-
|
Dreamland Home OU (Estonia)
|
100.00 %
|
|
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
|
|
Address Kopli 35b 10412 Estonia
Reg.nr. 10837302
Reg.date 26.02.2002.
Share capital 410 000 EEK
Activity Wholesale of home textile
|
|
|
|
|
|
-
|
Dreamland Home Textile OU (Estonia)
|
100.00 %
|
|
|
|
|
-
|
Eurobed OU (Estonia)
|
100.00 %
|
|
|
|
|
-
|
Fibertex OU (Estonia)
|
22.50 %
|
|
|
|
|
address
|
:
|
Viljandi, Estonia
|
|
|
|
|
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|
yes
|
|
|
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|
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Bankers
|
:
|
|
-
|
Hansapank AS (Estonia)
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
bank code
|
:
|
767
|
|
|
|
-
|
Nordea Bank Finland Plc Eesti filiaal (Estonia)
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
bank code
|
:
|
820
|
|
|
|
-
|
SEB Eesti Uhispank AS (Estonia)
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
bank code
|
:
|
401
|
|
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|
Clients
|
:
|
|
-
|
Antilla AS (Estonia)
|
|
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|
-
|
Brinkhaus (Estonia)
|
|
|
|
-
|
Stockmann AS (Estonia)
|
|
|
address
|
:
|
Tallinn, Estonia
|
|
|
|
|
|
|
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|
|
Retail companies, wholesale companies, mail order companies.
|
|
|
|
Related Companies
|
:
|
|
-
|
Eurofibre OU (Estonia)
|
|
|
address
|
:
|
Maardu, Harju District,
Estonia
|
|
|
|
|
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|
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|
|
Defaults Registered
|
:
|
|
|
|
|
Debts Registered
|
:
|
|
|
|
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|
|
There are no debt collections registered in the accessible sources.
According to the Tax Authorities the subject has no remarks on tax payments
as at 16.05.2007.
Penalties were imposed on the company on 09.02.2005.
|
|
|
|
Commercial Pledges
|
:
|
Commercial pledges:
1 holder of pledge: AS SEB
Eesti Uhispank
hypothecary value: 500 000 EEK
since 02.01.2006
2 holder of pledge: AS SEB Eesti
Uhispank
hypothecary value: 200 000 EEK
since: 02.01.2006
3 holder of pledge: AS SEB Eesti
Uhispank
hypothecary value: 4 500 000
EEK
since: 02.01.2006
4 holder of pledge: AS SEB Eesti Uhispank
hypothecary value: 3 000 000
EEK
since: 02.01.2006
5 holder of pledge: AS SEB Eesti Uhispank
hypothecary value: 9 000 000
EEK
since: 02.01.2006.
6 holder of pledge: AS SEB Eesti
Uhispank
hypothecary value: 3 000 000
EEK
since: 02.01.2006.
7 holder of pledge: AS SEB Eesti
Uhispank
hypothecary value: 10 000 000
EEK
since: 02.01.2006.
8 holder of pledge: AS SEB Eesti
Uhispank
hypothecary value: 10 000 000
EEK
since: 02.01.2006.
9 holder of pledge: AS SEB Eesti
Uhispank
hypothecary value: 5 000 000
EEK
since: 02.01.2006.
|
|
|
Period, months |
12 |
|
12 |
|
12 |
|
Ended |
31.12.2005 |
|
31.12.2004 |
|
31.12.2003 |
|
Currency |
EEK |
|
EEK |
|
EEK |
|
|
|
Non-current assets |
107 478 552.00 |
|
124 014 872.00 |
|
87 472 122.00 |
|
incl: - Fixed assets |
97 732 552.00 |
|
122 281 649.00 |
|
84 087 837.00 |
|
- Financial assets |
9 746 000.00 |
|
744 000.00 |
|
2 055 906.00 |
|
Current assets |
147 969 447.00 |
|
104 836 510.00 |
|
89 914 899.00 |
|
incl: - Stock |
54 821 527.00 |
|
41 721 782.00 |
|
39 340 238.00 |
|
- Debtors |
91 477 173.00 |
|
62 731 039.00 |
|
49 281 565.00 |
|
- Cash |
1 670 747.00 |
|
383 689.00 |
|
1 293 096.00 |
|
ASSETS TOTAL |
255 447 999.00 |
|
228 851 382.00 |
|
177 387 021.00 |
|
Equity |
91 112 428.00 |
|
72 650 355.00 |
|
70 714 708.00 |
|
incl: - Share capital |
227 009.00 |
|
2 270 090.00 |
|
2 270 090.00 |
|
Liabilities Total |
164 335 571.00 |
|
156 201 027.00 |
|
106 672 313.00 |
|
incl: - Long-term liabilities |
32 856 395.00 |
|
62 759 248.00 |
|
41 526 260.00 |
|
- Short-term liabilities |
131 479 176.00 |
|
93 441 779.00 |
|
65 146 053.00 |
|
EQUITY AND LIABILITIES TOTAL |
255 447 999.00 |
|
228 851 382.00 |
|
177 387 021.00 |
|
Net sales |
350 471 243.00 |
|
311 756 271.00 |
|
307 744 725.00 |
|
Cost of goods sold |
281 374 399.00 |
|
234 777 152.00 |
|
217 743 680.00 |
|
Operating profit |
26 760 650.00 |
|
18 302 863.00 |
|
38 683 513.00 |
|
Profit before taxation |
9 614 547.00 |
|
11 109 071.00 |
|
30 437 504.00 |
|
Net profit |
9 664 073.00 |
|
8 935 647.00 |
|
26 923 990.00 |
|
|
|
- - - R a t i o s - - - - - - - - - - |
|
|
|
|
|
|
Return on sales, % |
2.74 |
|
3.56 |
|
9.89 |
|
Profit before taxation / Net sales |
|
|
|
|
|
|
Operating margin of profit, % |
7.64 |
|
5.87 |
|
12.57 |
|
Operating profit / Net sales |
|
|
|
|
|
|
Return on investment, % |
10.55 |
|
15.29 |
|
43.04 |
|
Profit before taxation / Equity |
|
|
|
|
|
|
Current assets turnover |
2.37 |
|
2.97 |
|
3.42 |
|
Net sales / Current assets |
|
|
|
|
|
|
Working capital |
16 490 271.00 |
|
11 394 731.00 |
|
24 768 846.00 |
|
Current assets - Short-term liabilities |
|
|
|
|
|
|
Leverage |
0.36 |
|
0.32 |
|
0.40 |
|
Equity / Total assets |
|
|
|
|
|
|
Current ratio |
1.13 |
|
1.12 |
|
1.38 |
|
Current assets / Short-term liabilities |
|
|
|
|
|
|
Quick ratio |
0.71 |
|
0.68 |
|
0.78 |
|
(Current assets - Stock) / Short-term liabilities |
|
|
|
|
|
|
Debt-to-equity ratio |
1.80 |
|
2.15 |
|
1.51 |
|
Total liabilities / Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Publications
|
|
|
|
- 07.02.2006
|
:
|
|
|
|
Company last year sales were about 350 mio EEK and operating profits
about 23 mio EEK.
|
|
|
|
|
|
|
|
- 01.06.2005
|
:
|
|
|
|
Illimar Toom, owner of Toom
Tekstiil AS, set up a new company Eurofibre OU in cooperation with a
Chinese company Hangzhou
Three-star Co Ltd.
|
|
|
|
|
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|
|
- 09.07.2004
|
:
|
|
|
|
Toom Tekstiil bought a factory which is situating in a small town in
Germany
and the company have also intention to set up afiliated companies in other
states as well.
Germany is the main
market for Toom Tekstiil, to where goes more than half of its products. To
count in money- nearly 150-160 mln EEK sales of the year
|
|
|
|
|
|
|
|
- 21.06.2004
|
:
|
|
|
|
Estonians are asking for peaces from Chinas economy-boom.
Illimar Toom, leader of Toom tekstiil has imported rawmaterials from
China
during years and by his opinion it
is opossible to start product importing in the future as well. That
goes about the articles from lower price-level. Toom Tekstiil is palnning
to establich cooperation company ith China's partner to start
producing rawmaterial for textile industries.
|
|
|
|
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|
|
- 26.04.2004
|
:
|
|
|
|
Enterpriser in Estonia
leaves profit to his own pocket.
Bonus depends on money-circulation of the moment. Illimar oom from Toom
Tekstiil sais
that in his company workers are motivated by extras if they manage with
their piece-limit. Bonus is paid in the end of the year ifthe company has
money-wave at the moment.If its profit stands in its stores, premium could
not be paid.
|
|
|
|
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|
- 26.03.2004
|
:
|
|
|
|
Textile producers increased capacoty. By Illimar Tooms opinion
there' s no reason to worry about during coming 5 or 10 years. Who has made
investments, has opportunities as well.
|
|
|
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|
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|
|
- 24.03.2004
|
:
|
|
|
|
The powerfulness/ ambition has to be. Toom Tekstiil, that earned 31
mln profit last year hopes to increase profit and sales 1/5th.
Its last year circulation was up to 308 mln EEK, amount of inmvestments was
21 mln. They have intetion to invest to equipment and its buildings about
30-40 mln EEK this year.
oom Tekstiil, which produces hometextiles , exports 90-95% of its
production. There are about 625 persons working today.
|
|
|
|
|
|
|
|
- 06.02.2004
|
:
|
|
|
|
Company unaudited turnover 2003 was 308 mio EEK and profits 31 mio
EEK.
21 mio EEK investments were made.
Year 2004 conservative prognosis is to remain the turnover level.
|
|
|
|
|
|
|
|
- 12.11.2003
|
:
|
|
|
|
Company III quarter 2003 turnover was 81.2 mio EEK and profits 7.2
mio EEK. Same period last year results were 69.5 mio EEK turnover and 11
mio EEK profits.
9 months 2003 company turnover is 229.4 mio EEK (191.7 mio EEK last
year), profits 27.1 mio EEK (23.6 mio EEK last year).
|
|
|
|
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|
- 29.09.2003
|
:
|
|
|
|
According to company administration, Toom Tekstiil expects ca 15%
turnover increase.
|
|
|
|
|
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|
- 14.03.2003
|
:
|
|
|
|
Company turnover increased 10% uo to 266 mio EEK last year. Last eyar
profits were 26 mio EEK, 3.9 mio EEK less than in 2001.
Company exports 90% of production.
|
|
|
|
|
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|
|
- 07.08.2002
|
:
|
|
|
|
Toom Tekstiil hopes to enter American textile market and opens its first
representation in New Jersy. Before the move, company took part in 3 USA
textile fairs.
Company expects to reach 270 mio EEK turnover in 2002.
|
|
|
|
|
|
|
|
- 28.01.2002
|
:
|
|
Subject
|
:
|
Toom Tekstiil doubled profits.
|
|
|
|
|
|
|
|
AS Toom Tekstiil turnover was 239 mio EEK and profits 25-30 mio EEK,
that half more than last year.
2/3 of company production are pillows & blankets that are exported to
Scandinavia & Western Europe. Second activity is non-knitted materials.
Company exports 95% of its production.
Most fabrics are imported from Pakistan.
Company employs 400 workers on 4 factories in Viljandi and
Abja-Paluoja.
|
|
|
|
|
|
|
|
- 14.05.2001
|
:
|
|
Subject
|
:
|
Viljandi enterprises contest.
|
|
|
|
|
|
|
|
Viljandi Town Administration declared Viljandi TOP 2001 enterprises
contest results on 14.05.2001.
AS Toom Tekstiil was - the best company with employees amount of 51 and
more; the company created most places of work; the greater investor.
|
|
|
|
|
|
|
|
- 11.05.2000
|
:
|
|
Subject
|
:
|
Illimar Toom made big enterpise from works room.
|
|
|
|
|
|
|
|
Viljandi District best businessman Illimar Toom, the owner of Toom
Tekstiil AS, doubles company turnover every year.
Illimar Toom and Innar Susi, co-workers on Mistra textile factory,
built Toom Tekstiil five years ago. To begin with, they bought left empty
rooms of sewing firm and started to make pillows and blankets. Enterprise was founded
on 100 000 EEK loaned from bank, warrant was Toom's house.
Today Toom Tekstiil owns additionally factory in Abja-Paluoja, 3
more factories in Viljandi and a hotel in the centre of Viljandi.
During these years company doubled its turnover every year. Firm
exports 95% of its production, mostly to
Germany.
Five years ago there was 3 employees in the company, now the number is 287.
It's one of the biggest employers in Viljandi District. Medium salary is
3800 EEK that is higher than average salary in the district.
In the future, when Estonia
will enter EU the customs will be in force. "Since our marginal is
about 10% now, then customs will be the same,"- said Mr. Toom.
|
|
|
|
|
|
|
|
Comments
|
|
|
|
|
Company was 8th in Viljandi district companies TOP50 in 2005.
Company was 172nd in TOP 500 by turnover in 2005.
|
|
|
|
|
|
|
|
|
|
There is no further information on the company from the sources
available.
Company phones & address are correct.
We've sent a letter of enquiry of company information to the company
and received no response by 16.05.2007.
Current contact:
the company's administration was not available at the office, other
persons don't have authority to give information about the company.
If/when additional information is obtained we will supplement this
report immediately.
|
|
|
|
Events History
|
:
|
The company was established in 1995.
According to the company:
Textile industry was basic and the most quickly developing economy
branch in Estonia
in the course of time/ In 1995 established company Toom Tekstiil continues
the best traditions of Estonian textile producers and for the present time it
has become one of the biggest producer of home textile products in Baltic
region / In 4 factories belonging to the company.
Approximately 90% of company's products are exported to Germany,
Benelux - countries and Scandinavia/ As a result of succesful international
economical activities company Toom Tekstiil was rewarded as the Best Estonian
Exporter of 1998/
Up-to-date high-productive equipment, wellqualified employees and dense
cooperation with customers in the field of research and development is the
basis that enables us to offer large variety of inexpensive textile products
to different client groups:
ú retail companies
ú wholesale companies
ú mail order companies
The product range of Toom Tekstiil:
ú Quilts
ú Pillows
ú Mattresses
ú Bed – linen
ú Bedcovers
ú Non - wovens
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Registration History
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- 29.08.1997
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Other Code
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35041981
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Registr. authority
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:
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Commercial Register (Tallinn,
Estonia)
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( the data as of 29.08.1997 )
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Capital History
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- 29.08.1997
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:
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1 000 000 EEK (registered)
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( the data as of 29.08.1997, cancelled
since 02.01.2006 )
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APPENDIX A
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Financial Statements
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- 31.12.2005
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:
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Fiscal period: 12
month(s), currency: EEK
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INCOME STATEMENT |
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Format 2 |
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1. Net sales |
350 471 243.00 |
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2. Cost of goods sold (cost of sales) |
281 374 399.00 |
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Gross profit |
69 096 844.00 |
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|
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3. Sales expenses |
37 652 141.00 |
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4. Administrative and general expenses |
30 926 741.00 |
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5. Other income |
34 762 310.00 |
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6. Other expenses |
8 519 622.00 |
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Operating profit (loss) |
26 760 650.00 |
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7. Financial income |
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a) income from participating in subsidiary companies |
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b) income from participating in affiliated companies |
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c) income from other long-term financial investments |
31 498.00 |
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d) foreign currencies exchange gains |
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e) other interests and similar income |
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Total financial income |
31 498.00 |
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8. Financial expenses |
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a) financial expenses related to subsidiary companies |
7 176 000.00 |
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b) financial expenses related to affiliated companies |
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c) interest expenses |
9 670 244.00 |
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d) foreign currencies exchange losses |
291 666.00 |
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e) value adjustments in respect of current and long-term |
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financial assets |
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f) other financial expenses |
39 691.00 |
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Total financial expenses |
17 177 601.00 |
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Profit (loss) from ordinary activity |
9 614 547.00 |
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9. Extraordinary income |
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10. Extraordinary expenses |
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Profit before taxes |
9 614 547.00 |
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11. Taxes |
49 526.00 |
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Net profit (loss) for the fiscal period |
9 664 073.00 |
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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
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BALANCE SHEET |
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A S S E T S |
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CURRENT ASSETS |
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1. Cash at bank and in hand |
1 670 747.00 |
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2. Shares and other securities |
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3. Short-term receivables |
69 602 298.00 |
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Accounts receivable |
69 602 298.00 |
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Notes receivable |
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Provision for doubtful receivables |
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4. Other receivables |
16 968 104.00 |
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Receivables from subsidiaries and parent companies |
15 349 278.00 |
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Receivables from affiliated companies |
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Receivables from shareholders |
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Other receivables |
1 618 826.00 |
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5. Accrued income |
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Interest receivable |
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Dividends receivable |
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Other accrued income |
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6. Prepaid expenses |
4 906 771.00 |
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Prepaid taxes |
4 248 873.00 |
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Other prepaid expenses |
657 898.00 |
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7. Inventories |
54 821 527.00 |
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Raw materials |
46 163 377.00 |
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Work in progress |
1 179 907.00 |
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Finished goods |
7 213 481.00 |
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Goods for resale |
176 113.00 |
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Prepayments to suppliers |
88 649.00 |
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TOTAL CURRENT ASSETS |
147 969 447.00 |
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NON-CURRENT ASSETS |
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8. Long-term financial assets |
9 746 000.00 |
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Shares in subsidiary companies |
9 716 000.00 |
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Long-term receivables from subsidiaries and parent |
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companies |
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Shares in affiliated companies |
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Long-term receivables from affiliated companies |
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Other shares and securities |
30 000.00 |
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Other long-term receivables |
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Long-term accounts receivable |
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9. Fixed assets |
97 732 552.00 |
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Land and buildings (gross carrying amount) |
53 182 444.00 |
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Plant and equipment (gross carrying amount) |
43 436 253.00 |
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Other equipment and fixtures (gross carrying amount) |
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Accumulated depreciation (minus) |
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Construction in progress |
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Advance payments for fixed assets |
1 113 855.00 |
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10. Intangible assets |
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Organization costs |
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Development and research costs |
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Purchased concessions, franchises, patents, licences |
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trademarks, etc. |
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Goodwill |
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Advance payments for intangible assets |
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TOTAL NON-CURRENT ASSETS |
107 478 552.00 |
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TOTAL ASSETS |
255 447 999.00 |
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LIABILITIES AND OWNERS' EQUITY |
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L I A B I L I T I E S |
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SHORT-TERM LIABILITIES |
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11. Short-term loans and notes |
57 858 288.00 |
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Unsecured debt |
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Convertible debt |
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Current portion of long-term debt |
3 600 000.00 |
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Current portion of long-term capital leases |
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Short-term loans from credit institutions |
54 258 288.00 |
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12. Customer advances for goods and services |
712 853.00 |
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13. Trade debts |
62 683 582.00 |
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Accounts payable |
62 683 582.00 |
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Notes payable |
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14. Other payables |
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Payables to subsidiary or parent companies |
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Payables to affiliated companies |
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Other payables |
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15. Tax liabilities |
1 100 139.00 |
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16. Accrued expenses |
9 124 314.00 |
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Accrued payroll |
4 690 613.00 |
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Accrued dividends |
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Accrued interests |
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Other accrued expenses |
4 433 701.00 |
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17. Short-term provisions |
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18. Other deferred income |
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TOTAL SHORT-TERM LIABILITIES |
131 479 176.00 |
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LONG-TERM LIABILITIES |
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19. Long-term liabilities |
32 856 395.00 |
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Nonconvertible debt |
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Convertible debt |
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Bank loans |
32 856 395.00 |
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Long-term capital leases payments |
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Other loans from credit institutions |
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20. Other long-term debts |
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Long-term accounts payable |
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Debts to subsidiaries and parent companies |
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Debts to affiliated companies |
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21. Provisions |
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Pension liabilities |
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Other provisions |
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TOTAL LONG-TERM LIABILITIES |
32 856 395.00 |
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TOTAL LIABILITIES |
164 335 571.00 |
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EQUITY |
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22. Share capital (par value) |
227 009.00 |
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23. Paid-in capital over/under par value |
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24. Donated capital |
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25. Revaluation reserve |
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26. Other reserves |
227 009.00 |
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Statutory and legal reserves |
227 009.00 |
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Other reserves |
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27. Retained earnings brought forward from previous years |
78 951 256.00 |
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28. Net profit (loss) for the current year |
9 664 073.00 |
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29. Treasury shares (minus) |
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TOTAL EQUITY |
91 112 428.00 |
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LIABILITIES AND EQUITY |
255 447 999.00 |
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- 31.12.2004
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:
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Fiscal period: 12 month(s), currency: EEK
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INCOME STATEMENT |
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Format 2 |
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1. Net sales |
311 756 271.00 |
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2. Cost of goods sold (cost of sales) |
234 777 152.00 |
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Gross profit |
76 979 119.00 |
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3. Sales expenses |
26 000 258.00 |
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4. Administrative and general expenses |
30 791 041.00 |
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5. Other income |
4 163 116.00 |
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6. Other expenses |
6 048 073.00 |
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Operating profit (loss) |
18 302 863.00 |
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7. Financial income |
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a) income from participating in subsidiary companies |
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b) income from participating in affiliated companies |
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c) income from other long-term financial investments |
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d) foreign currencies exchange gains |
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e) other interests and similar income |
107 171.00 |
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Total financial income |
107 171.00 |
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8. Financial expenses |
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a) financial expenses related to subsidiary companies |
2 586 906.00 |
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b) financial expenses related to affiliated companies |
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c) interest expenses |
3 992 295.00 |
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d) foreign currencies exchange losses |
618 498.00 |
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e) value adjustments in respect of current and long-term |
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financial assets |
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f) other financial expenses |
103 264.00 |
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Total financial expenses |
7 300 963.00 |
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Profit (loss) from ordinary activity |
11 109 071.00 |
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9. Extraordinary income |
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10. Extraordinary expenses |
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Profit before taxes |
11 109 071.00 |
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11. Taxes |
2 173 424.00 |
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Net profit (loss) for the fiscal period |
8 935 647.00 |
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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
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BALANCE SHEET |
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A S S E T S |
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CURRENT ASSETS |
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1. Cash at bank and in hand |
383 689.00 |
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2. Shares and other securities |
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3. Short-term receivables |
41 967 945.00 |
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Accounts receivable |
41 967 945.00 |
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Notes receivable |
|
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Provision for doubtful receivables |
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4. Other receivables |
16 232 023.00 |
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Receivables from subsidiaries and parent companies |
15 647 849.00 |
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Receivables from affiliated companies |
|
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Receivables from shareholders |
|
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Other receivables |
584 174.00 |
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5. Accrued income |
|
|
Interest receivable |
|
|
Dividends receivable |
|
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Other accrued income |
|
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6. Prepaid expenses |
4 531 071.00 |
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Prepaid taxes |
3 858 236.00 |
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Other prepaid expenses |
672 835.00 |
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7. Inventories |
41 721 782.00 |
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Raw materials |
32 048 213.00 |
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Work in progress |
970 602.00 |
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Finished goods |
8 419 429.00 |
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Goods for resale |
|
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Prepayments to suppliers |
283 538.00 |
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TOTAL CURRENT ASSETS |
104 836 510.00 |
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NON-CURRENT ASSETS |
|
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8. Long-term financial assets |
744 000.00 |
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Shares in subsidiary companies |
714 000.00 |
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Long-term receivables from subsidiaries and parent |
|
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companies |
|
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Shares in affiliated companies |
|
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Long-term receivables from affiliated companies |
|
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Other shares and securities |
30 000.00 |
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Other long-term receivables |
|
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Long-term accounts receivable |
|
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9. Fixed assets |
122 281 649.00 |
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Land and buildings (gross carrying amount) |
71 175 367.00 |
|
Plant and equipment (gross carrying amount) |
88 263 506.00 |
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Other equipment and fixtures (gross carrying amount) |
3 337 072.00 |
|
Accumulated depreciation (minus) |
-47 555 607.00 |
|
Construction in progress |
|
|
Advance payments for fixed assets |
7 061 311.00 |
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10. Intangible assets |
989 223.00 |
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Organization costs |
|
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Development and research costs |
|
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Purchased concessions, franchises, patents, licences |
989 223.00 |
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trademarks, etc. |
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Goodwill |
|
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Advance payments for intangible assets |
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TOTAL NON-CURRENT ASSETS |
124 014 872.00 |
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TOTAL ASSETS |
228 851 382.00 |
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LIABILITIES AND OWNERS' EQUITY |
|
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|
|
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L I A B I L I T I E S |
|
|
SHORT-TERM LIABILITIES |
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11. Short-term loans and notes |
42 068 602.00 |
|
Unsecured debt |
9 825 970.00 |
|
Convertible debt |
|
|
Current portion of long-term debt |
10 638 153.00 |
|
Current portion of long-term capital leases |
|
|
Short-term loans from credit institutions |
21 604 479.00 |
|
12. Customer advances for goods and services |
998 403.00 |
|
13. Trade debts |
32 567 814.00 |
|
Accounts payable |
20 432 584.00 |
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Notes payable |
12 135 230.00 |
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14. Other payables |
184 537.00 |
|
Payables to subsidiary or parent companies |
184 537.00 |
|
Payables to affiliated companies |
|
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Other payables |
|
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15. Tax liabilities |
1 611 098.00 |
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16. Accrued expenses |
16 011 325.00 |
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Accrued payroll |
4 642 758.00 |
|
Accrued dividends |
8 043 281.00 |
|
Accrued interests |
98 286.00 |
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Other accrued expenses |
3 227 000.00 |
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17. Short-term provisions |
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18. Other deferred income |
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TOTAL SHORT-TERM LIABILITIES |
93 441 779.00 |
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LONG-TERM LIABILITIES |
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19. Long-term liabilities |
62 759 248.00 |
|
Nonconvertible debt |
29 292 498.00 |
|
Convertible debt |
|
|
Bank loans |
33 466 750.00 |
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Long-term capital leases payments |
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Other loans from credit institutions |
|
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20. Other long-term debts |
|
|
Long-term accounts payable |
|
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Debts to subsidiaries and parent companies |
|
|
Debts to affiliated companies |
|
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21. Provisions |
|
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Pension liabilities |
|
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Other provisions |
|
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TOTAL LONG-TERM LIABILITIES |
62 759 248.00 |
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TOTAL LIABILITIES |
156 201 027.00 |
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EQUITY |
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22. Share capital (par value) |
2 270 090.00 |
|
23. Paid-in capital over/under par value |
|
|
|
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|
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24. Donated capital |
|
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25. Revaluation reserve |
|
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26. Other reserves |
227 009.00 |
|
Statutory and legal reserves |
227 009.00 |
|
|
|
|
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Other reserves |
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27. Retained earnings brought forward from previous years |
61 217 609.00 |
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28. Net profit (loss) for the current year |
8 935 647.00 |
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29. Treasury shares (minus) |
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|
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TOTAL EQUITY |
72 650 355.00 |
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LIABILITIES AND EQUITY |
228 851 382.00 |
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|
- 31.12.2003
|
:
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Fiscal period: 12 month(s), currency: EEK
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|
INCOME STATEMENT |
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|
Format 2 |
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1. Net sales |
307 744 725.00 |
|
2. Cost of goods sold (cost of sales) |
217 743 680.00 |
|
Gross profit |
90 001 045.00 |
|
|
|
|
|
3. Sales expenses |
26 150 088.00 |
|
4. Administrative and general expenses |
26 171 223.00 |
|
5. Other income |
3 515 566.00 |
|
6. Other expenses |
2 511 787.00 |
|
|
|
|
|
Operating profit (loss) |
38 683 513.00 |
|
|
|
|
|
7. Financial income |
|
|
a) income from participating in subsidiary companies |
|
|
b) income from participating in affiliated companies |
|
|
c) income from other long-term financial investments |
|
|
|
|
|
|
d) foreign currencies exchange gains |
|
|
e) other interests and similar income |
15 215.00 |
|
Total financial income |
15 215.00 |
|
|
|
|
|
8. Financial expenses |
|
|
a) financial expenses related to subsidiary companies |
4 468 809.00 |
|
|
|
|
|
b) financial expenses related to affiliated companies |
|
|
|
|
|
|
c) interest expenses |
3 513 001.00 |
|
d) foreign currencies exchange losses |
125 792.00 |
|
e) value adjustments in respect of current and long-term |
|
|
financial assets |
|
|
f) other financial expenses |
153 622.00 |
|
|
|
|
|
Total financial expenses |
8 261 224.00 |
|
|
|
|
|
Profit (loss) from ordinary activity |
30 437 504.00 |
|
|
|
|
|
9. Extraordinary income |
|
|
10. Extraordinary expenses |
|
|
|
|
|
|
Profit before taxes |
30 437 504.00 |
|
|
|
|
|
11. Taxes |
3 513 514.00 |
|
|
|
|
|
Net profit (loss) for the fiscal period |
26 923 990.00 |
|
|
|
|
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
|
|
BALANCE SHEET |
|
|
|
|
|
|
A S S E T S |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
1. Cash at bank and in hand |
1 293 096.00 |
|
2. Shares and other securities |
|
|
3. Short-term receivables |
32 272 129.00 |
|
Accounts receivable |
32 272 129.00 |
|
Notes receivable |
|
|
Provision for doubtful receivables |
|
|
4. Other receivables |
12 323 972.00 |
|
Receivables from subsidiaries and parent companies |
12 088 794.00 |
|
Receivables from affiliated companies |
|
|
Receivables from shareholders |
|
|
Other receivables |
235 178.00 |
|
5. Accrued income |
|
|
Interest receivable |
|
|
Dividends receivable |
|
|
Other accrued income |
|
|
6. Prepaid expenses |
4 685 464.00 |
|
Prepaid taxes |
4 126 807.00 |
|
Other prepaid expenses |
558 657.00 |
|
7. Inventories |
39 340 238.00 |
|
Raw materials |
30 553 006.00 |
|
Work in progress |
800 668.00 |
|
Finished goods |
7 545 916.00 |
|
Goods for resale |
|
|
Prepayments to suppliers |
440 648.00 |
|
TOTAL CURRENT ASSETS |
89 914 899.00 |
|
|
|
|
|
NON-CURRENT ASSETS |
|
|
8. Long-term financial assets |
2 055 906.00 |
|
Shares in subsidiary companies |
2 055 906.00 |
|
Long-term receivables from subsidiaries and parent |
|
|
companies |
|
|
Shares in affiliated companies |
|
|
Long-term receivables from affiliated companies |
|
|
Other shares and securities |
|
|
Other long-term receivables |
|
|
Long-term accounts receivable |
|
|
9. Fixed assets |
84 087 837.00 |
|
Land and buildings (gross carrying amount) |
47 963 985.00 |
|
Plant and equipment (gross carrying amount) |
67 111 528.00 |
|
Other equipment and fixtures (gross carrying amount) |
2 843 168.00 |
|
Accumulated depreciation (minus) |
-33 830 844.00 |
|
Construction in progress |
|
|
Advance payments for fixed assets |
|
|
10. Intangible assets |
1 328 379.00 |
|
Organization costs |
|
|
Development and research costs |
|
|
|
|
|
|
Purchased concessions, franchises, patents, licences |
1 328 379.00 |
|
trademarks, etc. |
|
|
Goodwill |
|
|
Advance payments for intangible assets |
|
|
TOTAL NON-CURRENT ASSETS |
87 472 122.00 |
|
TOTAL ASSETS |
177 387 021.00 |
|
|
|
|
|
LIABILITIES AND OWNERS' EQUITY |
|
|
|
|
|
|
L I A B I L I T I E S |
|
|
SHORT-TERM LIABILITIES |
|
|
11. Short-term loans and notes |
21 380 739.00 |
|
Unsecured debt |
7 189 257.00 |
|
Convertible debt |
|
|
Current portion of long-term debt |
7 045 404.00 |
|
Current portion of long-term capital leases |
|
|
Short-term loans from credit institutions |
7 146 078.00 |
|
12. Customer advances for goods and services |
16 718.00 |
|
13. Trade debts |
27 854 119.00 |
|
Accounts payable |
16 630 685.00 |
|
Notes payable |
11 223 434.00 |
|
14. Other payables |
60 520.00 |
|
Payables to subsidiary or parent companies |
60 520.00 |
|
Payables to affiliated companies |
|
|
Other payables |
|
|
15. Tax liabilities |
1 214 783.00 |
|
16. Accrued expenses |
14 619 174.00 |
|
Accrued payroll |
3 878 323.00 |
|
Accrued dividends |
7 393 281.00 |
|
Accrued interests |
70 169.00 |
|
Other accrued expenses |
3 277 401.00 |
|
17. Short-term provisions |
|
|
18. Other deferred income |
|
|
TOTAL SHORT-TERM LIABILITIES |
65 146 053.00 |
|
|
|
|
|
LONG-TERM LIABILITIES |
|
|
19. Long-term liabilities |
41 526 260.00 |
|
Nonconvertible debt |
16 334 967.00 |
|
Convertible debt |
|
|
Bank loans |
25 191 293.00 |
|
Long-term capital leases payments |
|
|
Other loans from credit institutions |
|
|
20. Other long-term debts |
|
|
Long-term accounts payable |
|
|
Debts to subsidiaries and parent companies |
|
|
Debts to affiliated companies |
|
|
21. Provisions |
|
|
Pension liabilities |
|
|
Other provisions |
|
|
TOTAL LONG-TERM LIABILITIES |
41 526 260.00 |
|
TOTAL LIABILITIES |
106 672 313.00 |
|
|
|
|
|
EQUITY |
|
|
22. Share capital (par value) |
2 270 090.00 |
|
23. Paid-in capital over/under par value |
|
|
|
|
|
|
24. Donated capital |
|
|
25. Revaluation reserve |
|
|
26. Other reserves |
227 009.00 |
|
Statutory and legal reserves |
227 009.00 |
|
|
|
|
|
Other reserves |
|
|
27. Retained earnings brought forward from previous years |
41 293 619.00 |
|
28. Net profit (loss) for the current year |
26 923 990.00 |
|
29. Treasury shares (minus) |
|
|
|
|
|
|
TOTAL EQUITY |
70 714 708.00 |
|
LIABILITIES AND EQUITY |
177 387 021.00 |
|
|
|
|
|
|
|
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|
|
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