On 29 April 2010 the Supervisory Board of AS Järvevana approved the annual
report 2009 and profit allocation proposal prepared by the Management Board
of AS Järvevana for presentation at the annual general meeting.
The Management Board has made a proposal for the general meeting of the
shareholders not to pay dividends to shareholders.
AS Järvevana audited annual report for 2009 is made available on NASDAQ
OMX Tallinn web page.
AUDITED STATEMENT OF COMPREHENSIVE INCOME 2009
consolidated, in thousand EEK and EUR
EEK EUR
2009 2008 2009 2008
Revenue - 2 798 466 - 178 854
Cost of goods sold - (2 273 798) - (145 322)
GROSS PROFIT - 524 668 - 33 532
Marketing expenses - (21 143) - (1 351)
Administrative and general expenses (9 273) (123 699) (593) (7 906)
Other operating income - 6 781 - 434
Other operating expenses - (7 773) - (497)
OPERATING PROFIT (9 273) 378 834 (593) 24 212
Financial income 7 174 16 618 459 1 062
Financial expenses (3) (15 917) 0 (1 017)
Profit from associates/joint ventures - 1 282 - 82
PROFIT BEFORE TAX (2 102) 380 817 (134) 24 339
Corporate income tax expense - (41 100) - (2 627)
Net profit for current period (2 102) 339 717 (134) 21 712
incl. equity holders of the parent (2 102) 335 502 (134) 21 442
minority interest - 4 215 - 270
Other comprehensive income
Exchange differences on
translating foreign subsidiaries - 5 085 - 325
Comprehensive income for curr. per. (2 102) 344 802 (134) 22 037
incl. equity holders of the parent (2 102) 340 587 (134) 21 767
minority interest - 4 215 - 270
Earnings per share for profit attributable
to the equity holders of the parent
(basic and diluted, in EEK and EUR) (0,12) 18,95 (0,01) 1,21
AUDITED STATEMENT OF FINANCIAL POSITION AS OF 31.12.2009
consolidated, in thousand EEK and EUR
EEK EUR
31.12.2009 31.12.2008 31.12.2009 31.12.2008
ASSETS
Current assets
Cash and cash equivalents 30 425 26 242 1 944 1 677
Short-term deposits 10 000 - 639 -
Trade and other receivables 209 890 225 927 13 415 14 439
Total current assets 250 315 252 169 15 998 16 116
Non-current assets
Property, plant and equipment 40 - 2 -
Total non-current assets 40 - 2 -
TOTAL ASSETS 250 355 252 169 16 000 16 116
LIABILITIES AND OWNERS' EQUITY
Current liabilities
Trade and other payables 530 242 34 16
Short-term provisions 17 500 17 500 1 118 1 118
Total current liabilities 18 030 17 742 1 152 1 134
Total liabilities 18 030 17 742 1 152 1 134
Equity
Share capital 177 000 177 000 11 312 11 312
Statutory reserve capital 17 700 17 700 1 131 1 131
Retained earnings 37 625 39 727 2 405 2 539
Total equity 232 325 234 427 14 848 14 982
TOTAL LIABILITIES AND EQUITY 250 355 252 169 16 000 16 116
Toomas Annus
Member of Board
+372 6 805 400
toomas.annus@merko.ee
