CONSOLIDATED BALANCE SHEET
Of Public Limited Corporation (PLC)
S.P. Korolev Rocket & Space Corporation Energia
The balance Sheet was approved at the
Annual Shareholders Meeting on March 27, 1999 (Protocol
No 6).
(in thousand roubles)
| ASSETS |
as on Jan. 1,
1998 |
as on Jan. 1,
1999 |
| Noncurrent assets |
1 674 239,26 |
2 150 146,00
|
| Reserves, |
2 089 724,10
|
2 369 047,00 |
including
- work-in-progress
- shipped goods |
974 314,22
852 725,97 |
1 117 610,00
1 004 493,00 |
Advances made to contractors and
other debitors
|
414 749,36 |
694 985,00 |
Cash and other current assets
|
173 884,99 |
209 857,00 |
| Earlier losses |
- |
915 477,00 |
| Balance |
4 352 597,71 |
6 339 512,00 |
| LIABILITIES |
as on Jan. 1,
1998 |
as on Jan. 1,
1999 |
| Capital and reserves |
2 115 383,59
|
2 407 570,00 |
| Earmarked funds |
19 859,26 |
99 548,00 |
| Borrowed funds |
276 763,30 |
930 267,00 |
| Settlements with subcontractors
|
666 869,41 |
956 701,00 |
| Customers' advances |
1 164 317,79 |
1 674 215,00 |
| Budget and extra-budgetary funds
settlements |
78 683,74 |
137 823,00 |
| Other creditors |
30 720,62 |
133 388,00 |
| Balance |
4 352 597,71 |
6 339 512,00 |
Validity of the Balance Sheet is confirmed by auditor
firm AUDITMASH; License No 012966 issued by the RF FM
TSALAK on January 29, 1998 for a 2-year period.
ROSEXPERTIZA was designated as an external auditor for
the Corporation for 1999 as recommended by the Russian
Federation Ministry of State Property (License for General
Audit No 004701 issued by the RF FM on Feb. 12, 1996 and
valid for 5 years).
CORPORATION FINANCIAL PERFORMANCE
(in thousand roubles)
| Name of indicator |
Total as on Jan. 1,
1998 |
Total as on Jan. 1,
1999 |
| 1. Proceeds from
operations (services) (without VAT) |
1 728 510
|
3 198 642 |
| 2. Cost of operations (services) |
1 315 441 |
2 436 623 |
| 3. Proceeds from sales (1-2) |
413 069 |
762 019 |
| 4. Operating income |
70 555 |
208 530 |
| 5. Operating expenses |
56 888 |
1 885 551 |
| 6. Reported profit (3+4-5) |
426 736 |
- 915 002 |
| 7. Profit tax |
136 645 |
- |
| 8. Profit distribution |
3 294 |
475 |
| 9. Retained earnings (6-7-8) |
286 797 |
- 915 477 |
PLC submitted the required copy of the balance to the
Municipal statistics office located in Korolev (Moscow
area).
In line with the resolution adopted by the Annual Shareholders
Meeting:
- The dividends for 1998 were paid from the earlier
retained earnings at the rate of 10 (ten) roubles
per share;
- New staff of the Board of Directors involved the
following persons: public representatives - Yu.N.
Koptev, N.V. Mikhalov, V.V. Pylnev as well as N.I.
Zelenschikov, A.F. Kozeeva, A.L. Martynovsky, S.A.
Petrenko, S.K. Petrov, Yu.P. Semenov, A.F. Strekalov,
A.M. Termosesov.
The newly-elected Board of Directors at its first Meeting
held on March 27, 1999 (Protocol No 1) appointed N.I.
Zelenschikov as Chairman of the Board of Directors.
On January 18, 1999 the Corporation converted type
'B' ordinary and preference shares with a par value
of 1 (one rouble) into type 'B' ordinary and preference
shares with a par value of 1000 (one thousand) roubles.
The Federal Securities Committee Moscow regional branch
registered the Securities Issue Summary Report on February
1, 1999.
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