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06.11.2009 09:02:27
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OEG konsolideeritud auditeerimata majandustulemused, 3. kvartal ja 9 kuud 2009
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OEG konsolideeritud auditeerimata majandustulemused, 3. kvartal ja 9 kuud 2009
2009. aasta 3. kvartali tulemuste lühikokkuvõte:
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| Äritulud: | 415,1 | miljonit krooni |
--------------------------------------------------------------------------------
| EBITDA tavapärasest äritegevusest*: | 37,0 | miljonit krooni |
--------------------------------------------------------------------------------
| EBIT tavapärasest äritegevusest*: | -40,4 | miljonit krooni |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Ühekordse iseloomuga kulud, sh | | |
--------------------------------------------------------------------------------
| struktuuride optimeerimine ja | -40,4 | miljonit krooni |
| kasiinode sulgemine: | | |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud neto | -3,7 | miljonit krooni |
--------------------------------------------------------------------------------
| Puhaskahjum enne tulumaksu**: | -84,5 | miljonit krooni |
--------------------------------------------------------------------------------
2009. aasta 9 kuu tulemuste lühikokkuvõte:
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| Äritulud: | 1 279,0 | miljonit krooni |
--------------------------------------------------------------------------------
| EBITDA tavapärasest äritegevusest*: | 97,3 | miljonit krooni |
--------------------------------------------------------------------------------
| EBIT tavapärasest äritegevusest*: | -144,9 | miljonit krooni |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Ühekordse iseloomuga kulud, sh | | |
--------------------------------------------------------------------------------
| mittekapitaliseeritavad | -11,5 | miljonit krooni |
| investeerimiskulutused: | | |
--------------------------------------------------------------------------------
| struktuuride optimeerimine ja | -65,9 | miljonit krooni |
| kasiinode sulgemine: | | |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud neto | -5,6 | miljonit krooni |
--------------------------------------------------------------------------------
| Puhaskahjum enne tulumaksu**: | -227,9 | miljonit krooni |
--------------------------------------------------------------------------------
1 EUR = 15,6466 EEK
*Tavapärase äritegevusena on käsitletud äritegevust enne investeerimistegevusi,
struktuuride optimeerimist, kasiinode sulgemistegevusi ning finantstulusid ja
-kulusid
** Puhaskahjum enne vähemusosalust
OEG kontsern jätkas käesoleva aasta 3. kvartalis oma tegevuse kohandamist
muutunud turuoludega. Lisaks 1. poolaastal suletud 49 kasiinole (sh 24 kasiinot
Ukrainas) otsustas OEG 3. kvartalis täiendavalt sulgeda kokku 18 kasiinot: 4
Eestis, 5 Lätis, 4 Leedus, 4 Rumeenias ja 1 Poolas. Kasiinode sulgemise otsused
on seotud hasartmänguturu olulise vähenemisega 2009. aasta jooksul.
Hasartmänguturu langus 2009. aasta 9 kuu kokkuvõttes võrreldes eelmise aasta
sama perioodiga oli Eestis 54%, Lätis 38% ja Leedus 39%.
Kontsern on säilitanud 9 kuu jooksul stabiilse tulude taseme vaatamata turgude
negatiivsele arengule ning jätkuvates operatsioonides 39% ehk 43 kasiino
sulgemisele. Kontserni EBITDA tavapärasest äritegevusest on olnud positiivne
igas käesoleva aasta kvartalis, moodustades 9 kuu kokkuvõttes 97,3 miljonit
krooni (6,2 miljonit eurot).
Kasiinode sulgemisega seotud kulud moodustasid 3. kvartalis kokku 40,4 miljonit
krooni (2,6 miljonit eurot). Kontserni töötajate arv vähenes 3. kvartali jooksul
kokku 228 inimese võrra. Restruktureerimis- ja optimeerimisprogrammist
tulenevate töömahtude vähenemisega alandati septembrist Konsternis tugiüksuste
palgafondi võrreldes käesoleva aasta juuniga 22% võrra. 3.kvartalis toimunud
optimeerimiste oodatav efekt tegevuskuludele 2009. aasta 4. kvartalis on 52,1
miljonit krooni (3,3 miljonit eurot) ning 2010. aastal kokku 208,8 miljonit
krooni (13,3 miljonit eurot).
Kontsern on viimase pooleteise aasta jooksul läbi viinud ulatusliku
optimeerimis- ja restruktureerimisprogrammi, sulgedes selle aja jooksul 53
kasiinot (Ukraina kasiinodeta) ja vähendades Kontserni töötajate arvu 1 132
positsiooni ehk ligikaudu kolmandiku võrra. Opereerimise efektiivsuse tõstmise
tegevused on hõlmanud töötajatele makstavate tasude vähendamist käesoleva aasta
algusest 20%, rendihindade vähendamise kokkuleppeid keskmiselt 30%
hinna-alandusega, kasiinodes paiknevate mänguautomaatide arvu ja tulenevalt
hasartmängumaksu kulu vähendamist.
Möödunud aasta ja käesoleva aasta jooksul läbi viidud optimeerimistegevustest on
2009. aastal oodatav kuluefekt kokku 549,4 miljonit krooni (35,1 miljonit
eurot), mis moodustab 21,2% 2008. aasta tegevuskuludest jätkuvates
tegevusvaldkondades.
Kontserni 2009. aasta 9 kuu tulemusi mõjutavad oluliselt arengud Ukraina
hasartmänguturul. Tulenevalt asjaolust, et teadmata ajaks on kasiinode tegevus
Ukrainas lõpetatud ning kõikide kasiinoettevõtete litsentsid tühistatud,
otsustas OEG likvideerida tegevuse Ukrainas. Kaasnevad hinnangulised varade
allahindluskahjumid ulatusid 187,1 miljoni kroonini (12,0 miljonit eurot).
Nimetatud summa sisaldub avalikustatava kasumiaruande real „Lõpetatud
tegevusvaldkondade perioodi puhaskasum (-kahjum)“.
OEG plaanib nõuda Ukraina riigilt investeeringute kompensatsiooni Eesti
Vabariigi Valitsuse ja Ukraina valitsuse vahelisele investeeringute soodustamise
ja vastastikuse kaitse lepingule tuginedes ning on vastavasisulise protsessi
käivitanud.
Kontsernivälised äritulud
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| th EEK | 9 kuud 2009 | Kasv | Osakaal | 9 kuud 2008 | Osakaal |
--------------------------------------------------------------------------------
| Eesti | 289 078 | -49,5% | 22,6% | 572 500 | 31,3% |
--------------------------------------------------------------------------------
| Läti | 277 441 | -44,6% | 21,7% | 501 147 | 27,4% |
--------------------------------------------------------------------------------
| Leedu | 224 539 | -29,6% | 17,6% | 318 760 | 17,4% |
--------------------------------------------------------------------------------
| Valgevene | 30 615 | 43,2% | 2,4% | 21 375 | 1,2% |
--------------------------------------------------------------------------------
| Poola | 335 472 | -8,8% | 26,2% | 367 858 | 20,1% |
--------------------------------------------------------------------------------
| Rumeenia | 41 403 | 40,4% | 3,2% | 29 482 | 1,6% |
--------------------------------------------------------------------------------
| Slovakkia | 80 461 | 322,7% | 6,3% | 19 034 | 1,0% |
--------------------------------------------------------------------------------
| Kokku | 1 279 009 | -30,1% | 100,0% | 1 830 156 | 100,0% |
--------------------------------------------------------------------------------
1 EUR = 15,6466 EEK
Kontserni 2009. aasta 9 kuu konsolideeritud müügitulud jätkuvatest
tegevusvaldkondadest moodustasid 1 271,9 miljonit krooni (81,3 miljonit eurot)
ning äritulud moodustasid kokku 1 279,0 miljonit krooni (81,7 miljonit eurot),
mis on 30,1% vähem kui 2008. aasta 9 kuuga teenitud 1 830,2 miljoni kroonine
(117,0 miljonit eurot) kogutulu.
Kontserni konsolideeritud äritulud koosnesid 2009. aasta ja 2008. aasta 9 kuu
lõikes 93% hasartmängutulust ja 7% muudest tuludest.
2009. aasta septembri lõpus oli Kontsernis kokku 68 kasiinot, üldpinnaga
25 642 m². 2008. aasta septembri lõpus oli Kontserni kasiinode arv 131 ja
kasiinode üldpind kokku 38 482 m². Käesoleva aasta 9 kuu jooksul avati 1 kasiino
Leedus ja 1 kasiino Slovakkias ning suleti kokku 67 kasiinot: 17 Eestis, 12
Lätis, 6 Leedus, 7 Rumeenias, 1 Poolas ja 24 Ukrainas.
--------------------------------------------------------------------------------
| Kasiinode arv segmenditi | | | |
--------------------------------------------------------------------------------
| | 30.09.2009 | 31.12.2008 | 30.09.2008 |
--------------------------------------------------------------------------------
| Eesti | 19 | 36 | 34 |
--------------------------------------------------------------------------------
| Läti | 21 | 33 | 33 |
--------------------------------------------------------------------------------
| Leedu | 11 | 16 | 16 |
--------------------------------------------------------------------------------
| Ukraina | 0 | 24 | 24 |
--------------------------------------------------------------------------------
| Valgevene | 5 | 5 | 5 |
--------------------------------------------------------------------------------
| Poola | 8 | 9 | 9 |
--------------------------------------------------------------------------------
| Rumeenia | 2 | 9 | 9 |
--------------------------------------------------------------------------------
| Slovakkia | 2 | 1 | 1 |
--------------------------------------------------------------------------------
| Kokku | 68 | 133 | 131 |
--------------------------------------------------------------------------------
Kontserni 2009. aasta 9 kuu konsolideeritud ärikulud jätkuvates
tegevusvaldkondades enne amortisatsiooni kahanesid võrreldes 2008. aasta 9 kuuga
kokku 16,5% ehk 249,7 miljoni krooni (15,9 miljonit eurot) võrra, sealhulgas 3.
kvartali kulud vähenesid võrreldes möödunud aasta sama perioodiga 19,0% ehk 97,6
miljonit krooni (6,2 miljonit eurot). Kõige enam kahanesid võrreldes 2008. aasta
9 kuuga tööjõukulud - 27,2% ehk 154,7 miljonit krooni (9,9 miljonit eurot) ja
turunduskulud -36,4% ehk 53,7 miljonit krooni (3,4 miljonit eurot) ning
hasartmängumaksude kulud -11,9% ehk 40,4 miljonit krooni (2,6 miljonit eurot).
Võrreldes eelmise aasta 9 kuuga on ärikulud Eesti segmendis langenud 25,9%, Läti
segmendis 31,9% ja Leedu segmendis 15,0%.
Suurima osa Kontserni ärikuludest enne amortisatsiooni moodustavad tööjõukulud
koos sotsiaalmaksudega 414,9 miljonit krooni (26,5 miljonit eurot), järgnevad
hasartmängumaksude kulud 299,9 miljonit krooni (19,2 miljonit eurot), rendikulu
167,4 miljonit krooni (10,7 miljonit eurot) ja turunduskulud 94,0 miljonit
krooni (6,0 miljonit eurot). Kontserni 2009. aasta 9 kuu konsolideeritud
ärikulud sisaldavad kasiinode avamisega seotud mittekapitaliseeritavaid kulutusi
11,5 miljonit krooni (0,7 miljonit eurot) ning kasiinode sulgemisega ja
töötajate arvu vähendamisega kaasnevaid kulusid 65,9 miljonit krooni (4,2
miljonit eurot). 84,2 miljonit krooni (5,4 miljonit eurot) 2009. aasta jooksul
suletavate kasiinodega seotud kulusid kajastub 2008. aasta viimase poolaasta
kuludes.
Kontserni ärikahjumiks jätkuvatest tegevusvaldkondadest kujunes 222,3 miljonit
krooni (14,2 miljonit eurot), 2008. aasta samal perioodil oli ärikasum 93,7
miljonit krooni (6,0 miljonit eurot).
Konsolideeritud puhaskahjumiks koos lõpetatud tegevusvaldkondadega (Ukraina
segment) kujunes 440,7 miljonit krooni (28,2 miljonit eurot), millest 187,1
miljonit krooni (12,0 miljonit eurot) andsid Ukraina tütarettevõtete
likvideerimisega kaasnevaid varade allahindluskulud. 2008. aasta samal perioodil
oli puhaskasum 103,4 miljonit krooni (6,6 miljonit eurot).
Käesoleva aasta tulemuste konsolideerimisel on juhtkond muutnud Kontserni
siseste laenulepingute hindamise põhimõtteid seoses asjaoluga, et Kontserni
siseste laenude arveldamist lähitulevikus ei toimu. Tulenevalt kajastatakse
edaspidi Kontserni siseste laenulepingute kursivahed otse omakapitali
koosseisus.
Eesti segment
2009. aasta 9 kuuga moodustasid Eesti segmendi kontsernivälised äritulud kokku
289,1 miljonit krooni (18,5 miljonit eurot), millest hasartmängutulud
moodustasid 259,7 miljonit krooni (16,6 miljonit eurot). Eesti segmendi
kontsernivälised äritulud kahanesid võrreldes möödunud aasta sama ajaga 49,5%.
Hasartmänguturu langus oli Eestis 9 kuul võrreldes sama perioodiga eelmisel
aastal 54%. Olympic Casino Eesti AS turuosa Eesti hasartmänguturul kasvas 3.
kvartalis viie protsendipunkti võrra ligi 49%-ni.
Eesti segmendi 9 kuu ärikahjumiks kujunes 74,8 miljonit krooni (4,8 miljonit
eurot). 2008. aasta 9 kuuga teenis Eesti segment ärikasumit 81,3 miljonit krooni
(5,2 miljonit eurot).
9 kuu jooksul suleti Eestis 17 kasiinot, millega kaasnes 16,3 miljonit krooni
(1,0 miljonit eurot) kulusid. Septembri lõpu seisuga tegutses Eestis kokku 19
Olympic kasiinot, milles oli kokku 545 mänguautomaati ja 17 mängulauda.
Läti segment
2009. aasta 9 kuuga moodustasid Läti segmendi kontsernivälised äritulud kokku
277,4 miljonit krooni (17,7 miljonit eurot), millest hasartmängutulud
moodustasid 253,8 miljonit krooni (16,2 miljonit eurot) ning muud tulud 23,6
miljonit krooni (1,5 miljonit eurot). Läti segmendi kontsernivälised äritulud
kahanesid võrreldes eelmise aasta sama ajaga 44,6%.
Läti segmendi ärikahjumiks kujunes 40,5 miljonit krooni (2,6 miljonit eurot).
Eelmise aasta sama perioodi ärikasum oli 33,9 miljonit krooni (2,2 miljonit
eurot).
Käesoleva aasta 9 kuu jooksul suleti Lätis 12 kasiinot, millega kaasnes 14,0
miljonit krooni (0,9 miljonit eurot) kulusid. Septembri lõpu seisuga opereeris
Läti segment kokku 21 kasiinot 646 mänguautomaadiga ja 25 mängulauaga.
Leedu segment
2009. aasta 9 kuuga moodustasid Leedu segmendi kontsernivälised äritulud kokku
224,5 miljonit krooni (14,3 miljonit eurot), millest hasartmängutulud olid 211,2
miljonit krooni (13,5 miljonit eurot) ning muud tulud 13,3 miljonit krooni (0,9
miljonit eurot). Leedu segmendi äritulud kahanesid võrreldes möödunud aastaga
29,6%, hasartmänguturu langus võrreldavatel perioodidel oli 39%.
Leedu segmendi ärikahjum moodustas 9,7 miljonit krooni (0,6 miljonit eurot),
2008. aasta sama perioodi ärikasum oli 43,1 miljonit krooni (2,8 miljonit
eurot).
Leedus avati 9 kuu jooksul 1 kasiino ning suleti 6 kasiinot. Kasiinode sulgemine
tõi kaasa 7,8 miljonit krooni (0,5 miljonit eurot) kulusid ning avamine 1,1
miljonit krooni (0,1 miljonit eurot) kulusid. Septembri lõpu seisuga tegutses
Leedus 11 kasiinot, kokku 396 mänguautomaadiga ja 53 mängulauaga.
Valgevene segment
Olympic Casino Bel IP tegutseb septembri lõpu seisuga Minskis 5 kasiinoga,
milles on 261 mänguautomaati.
2009. aasta 9 kuuga võrreldes eelmise aasta sama perioodiga tulud kasvanud
43,2%, moodustades 30,6 miljonit krooni (2,0 miljonit eurot). Valgevene segmendi
müügitulud tõusis võrreldavatel perioodidel rublas 1,7 korda. 9 kuu ärikahjumiks
kujunes 8,2 miljonit krooni (0,5 miljonit eurot). 2008. aasta samal perioodil
teeniti äritulusid 21,4 miljonit krooni (1,4 miljonit eurot) ning ärikahjumit
13,9 miljonit krooni (0,9 miljonit eurot).
Poola segment
Poola segmendi 2009. aasta 9 kuu äritulud olid 335,5 miljonit krooni (21,4
miljonit eurot), moodustades suurima ehk 26,2% osakaalu konsolideeritud
ärituludest. Äritulud eesti kroonis langesid võrreldes eelmise aasta sama
perioodiga 8,8%, kuid müügitulude tõus võrreldavatel perioodidel poola zlottides
moodustas 17,0%. Poola segmendi ärikahjumiks kujunes 25,7 miljonit krooni (1,6
miljonit eurot).
Poolas suleti 9 kuu jooksul 1 kasiino, mis tõi kaasa 12,9 miljonit krooni (0,8
miljonit eurot) kulusid. Poola segmendi tulemusele avaldavad mõju kasiinode
asukoha muutuse ja uuendamisega seotud kulud 1,8 miljonit krooni (0,1 miljonit
eurot).
Kontsern opereeris Poolas poolaasta lõpus 386 mänguautomaadiga ja 57 mängulauaga
kokku 8-s kasiinos.
Rumeenia segment
Rumeenia segment lõpetas 2009. aasta 9 kuud ärituluga 41,4 miljonit krooni (2,6
miljonit eurot). 9 kuu ärikahjumiks kujunes 64,4 miljonit krooni (4,1 miljonit
eurot). Eelmise aasta samal perioodil olid Rumeenia segmendi äritulud 29,5
miljonit krooni (1,9 miljonit eurot) ning ärikahjum 41,1 miljonit krooni (2,6
miljonit eurot).
9 kuu jooksul suleti Rumeenias 7 kasiinot ning taasavati renoveerimiseks suletud
esinduskasiino. Käesoleva aasta 15. mail Bukarestis avatud esinduskasiino
avamisega seotud kulud mõjutasid ärikahjumit 6,3 miljoni krooniga (0,4 miljonit
eurot). Kasiinode sulgemine tõi kaasa 14,8 miljonit krooni (0,9 miljonit eurot)
kulusid.
Septembri lõpus opereeris kontsern Rumeenias 13 mängulauaga ja 88
mänguautomaadiga kokku 2-s kasiinos.
Slovakkia segment
Esimene kasiino Slovakkia pealinnas Bratislavas avati 2008. aasta juunis, 2009.
aasta jaanuaris avati teine kasiino Slovakkias, Trnavas. Septembri lõpus
opereeris kontsern Slovakkias 20 mängulauaga ja 95 mänguautomaadiga.
Slovakkia segment lõpetas 2009. aasta 9 kuud ärituludega 80,5 miljonit krooni
(5,1 miljonit eurot) ning ärikasumiga 0,9 miljonit krooni (0,1 miljonit eurot).
2008. aasta samal perioodil teeniti äritulusid 19,0 miljonit krooni (1,2
miljonit eurot) ning ärikahjumit 13,2 miljonit krooni (0,8 miljonit eurot).
Bilanss
30.09.2009 seisuga oli Kontserni konsolideeritud bilansimaht 1 892,2 miljonit
krooni (120,9 miljonit eurot). 31.12.2008 seisuga oli Kontserni konsolideeritud
bilansimaht 2 403,6 miljonit krooni (153,6 miljonit eurot). Bilansimaht vähenes
9 kuuga 21,2%.
Käibevarad moodustasid varadest 441,7 miljonit krooni (28,2 miljonit eurot) ehk
23,3% kogu varadest ja põhivarad 1 450,5 miljonit krooni (92,7 miljonit eurot)
ehk 76,7% bilansimahust. Immateriaalsed varad moodustasid põhivaradest 462,9
miljonit krooni (29,6 miljonit eurot) ehk 31,9%.
Kontserni kohustused moodustasid bilansipäeval kokku 500,3 miljonit krooni
(32,0 miljonit eurot) ning konsolideeritud omakapital 1 391,9 miljonit krooni
(89,0 miljonit eurot). Kontserni kohustustest suurema osa moodustavad
laenukohustused 310,5 miljonit krooni (19,8 miljonit eurot), kohustused
töötavõtjatele 50,8 miljonit krooni (3,2 miljonit eurot) ja maksukohustused 60,6
miljonit krooni (3,9 miljonit eurot).
Investeeringud
Kontsern investeeris materiaalsesse põhivarasse 2009. aasta 9 kuu kokkvõttes
63,9 miljonit krooni (4,1 miljonit eurot), millest 16,5 miljonit krooni (1,1
miljonit eurot) investeeriti mänguseadmetesse, 26,2 miljonit krooni (1,7
miljonit eurot) investeeriti kasiinode rekonstrueerimisse, muud materiaalset
põhivara soetati 5,8 miljonit krooni (0,3 miljonit eurot), ettemaksed põhivara
eest moodustasid 15,4 miljonit krooni (1,0 miljonit eurot).
Rahavood
Kontserni äritegevuse rahavood 2009. aasta 9 kuul olid 68,8 miljonit krooni
(4,4 miljonit eurot). Investeerimistegevuse rahavood moodustasid -131,4
miljonilt kroonilt (-8,4 miljonit eurot) ja finantseerimistegevuse rahavood 32,6
miljonit krooni (2,1 miljonit eurot). Netorahavood kokku moodustasid -30,0
miljonit krooni (-1,9 miljonit eurot).
Personal
30.09.2009 seisuga andis Kontsern tööd 2 461 inimesele (31.12.08: 3 924). Eesti
ettevõtetes töötas juuni lõpus 534, Lätis 435, Leedus 646, Valgevenes 94, Poolas
473, Rumeenias 157 ja Slovakkias 122 inimest.
2009. aasta 9 kuul arvestati Kontsernis töötajatele töötasusid koos
sotsiaalmaksudega kokku 414,9 miljonit krooni (26,5 miljonit eurot), möödunud
aastal samal ajal 569,6 miljonit krooni (36,4 miljonit eurot).
Kontserni põhilised arvnäitajad:
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| | 9 kuud 2009 | 9 kuud 2008 | Muutus |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Äritulud (miljon krooni) | 1 279,0 | 1 830,2 | -30,1% |
--------------------------------------------------------------------------------
| EBITDA (miljon krooni) | 19,9 | 321,3 | -93,8% |
--------------------------------------------------------------------------------
| Ärikasum/-kahjum (miljon | -222,3 | 93,7 | -337,2% |
| krooni) | | | |
--------------------------------------------------------------------------------
| Puhaskasum (miljon krooni) | -226,2 | 81,8 | -376,5% |
--------------------------------------------------------------------------------
| EBITDA marginaal | 1,6% | 17,6% | |
--------------------------------------------------------------------------------
| Ärirentablus | -17,4% | 5,1% | |
--------------------------------------------------------------------------------
| Puhasrentaablus | -17,7% | 4,5% | |
--------------------------------------------------------------------------------
| Omakapitali suhtarv | 73,6% | 76,7% | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Kasiinode arv perioodi | 68 | 107 | -39 |
| lõpus | | | |
--------------------------------------------------------------------------------
| Kasiinode pind (m2) | 25 642 | 31 594 | -5 952 |
| perioodi lõpus | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Mänguautomaatide arv | 2 417 | 4 118 | -1 701 |
| perioodi lõpus | | | |
--------------------------------------------------------------------------------
| Mängulaudade arv perioodi | 185 | 199 | -14 |
| lõpus | | | |
--------------------------------------------------------------------------------
Suhtarvude valemid
o EBITDA = kasum enne finants-, maksu- ning põhivara kulumi- ja väärtuse languse
kulusid
o Ärikasum = kasum enne finants- ja maksukulusid
o Puhaskasum = aruandeperioodi puhaskasum enne vähemusosalust
o EBITDA marginaal = EBITDA / Aritulud
o Ärirentaablus = Ärikasum / Äritulud
o Puhasrentaablus = Puhaskasum / Aritulud
o Omakapitali suhtarv = Omakapital / Varad kokku
1 EUR = 15,6466 EEK
--------------------------------------------------------------------------------
| KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE | |
--------------------------------------------------------------------------------
| VARAD | | |
--------------------------------------------------------------------------------
| (tuhandetes EEK) | 30.09.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| Käibevara | | |
--------------------------------------------------------------------------------
| Raha ja pangakontod | 285 075 | 315 919 |
--------------------------------------------------------------------------------
| Nõuded ostjate vastu | 6 809 | 6 507 |
--------------------------------------------------------------------------------
| Muud nõuded ja ettemaksed | 77 047 | 86 174 |
--------------------------------------------------------------------------------
| Ettemakstud tulumaks | 22 280 | 20 464 |
--------------------------------------------------------------------------------
| Varud | 21 789 | 29 576 |
--------------------------------------------------------------------------------
| Müügiootel varad | 28 706 | 0 |
--------------------------------------------------------------------------------
| Käibevara kokku | 441 706 | 458 640 |
--------------------------------------------------------------------------------
| Põhivara | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksuvara | 18 248 | 16 847 |
--------------------------------------------------------------------------------
| Muud finantsinvesteeringud | 61 349 | 15 930 |
--------------------------------------------------------------------------------
| Muud pikaajalised nõuded | 11 925 | 45 292 |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringud | 43 060 | 45 330 |
--------------------------------------------------------------------------------
| Materiaalne põhivara | 853 019 | 1 313 076 |
--------------------------------------------------------------------------------
| Immateriaalne põhivara | 462 910 | 508 459 |
--------------------------------------------------------------------------------
| Põhivara kokku | 1 450 511 | 1 944 934 |
--------------------------------------------------------------------------------
| VARAD KOKKU | 1 892 217 | 2 403 574 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL | | |
--------------------------------------------------------------------------------
| (tuhandetes EEK) | 30.09.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| KOHUSTUSED | | |
--------------------------------------------------------------------------------
| Lühiajalised kohustused | | |
--------------------------------------------------------------------------------
| Võlakohustused | 56 808 | 82 802 |
--------------------------------------------------------------------------------
| Ostjate ettemaksed | 16 520 | 16 041 |
--------------------------------------------------------------------------------
| Võlad hankijatele | 21 492 | 70 101 |
--------------------------------------------------------------------------------
| Muud võlad | 8 821 | 9 273 |
--------------------------------------------------------------------------------
| Tulumaksukohustus | 1 420 | 1 249 |
--------------------------------------------------------------------------------
| Muud maksukohustused | 59 336 | 87 156 |
--------------------------------------------------------------------------------
| Viitvõlad | 61 602 | 73 879 |
--------------------------------------------------------------------------------
| Lühiajalised eraldised | 10 472 | 12 797 |
--------------------------------------------------------------------------------
| Lühiajalised kohustused kokku | 236 471 | 353 298 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksukohustus | 10 176 | 10 924 |
--------------------------------------------------------------------------------
| Pikaajalised võlakohustused | 253 671 | 194 968 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused kokku | 263 847 | 205 892 |
--------------------------------------------------------------------------------
| Kohustused kokku | 500 318 | 559 190 |
--------------------------------------------------------------------------------
| OMAKAPITAL | | |
--------------------------------------------------------------------------------
| Aktsiakapital | 1 510 000 | 1 510 000 |
--------------------------------------------------------------------------------
| Ülekurss | 227 273 | 227 273 |
--------------------------------------------------------------------------------
| Kohustuslik reservkapital | 37 759 | 37 759 |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | 23 628 | 35 407 |
--------------------------------------------------------------------------------
| Jaotamata kasum | -472 039 | -31 989 |
--------------------------------------------------------------------------------
| Emaettevõtte omanikele kuuluv omakapital | 1 326 621 | 1 778 450 |
| kokku | | |
--------------------------------------------------------------------------------
| Vähemusosalus | 65 278 | 65 934 |
--------------------------------------------------------------------------------
| Omakapital kokku | 1 391 899 | 1 844 384 |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL KOKKU | 1 892 217 | 2 403 574 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE | |
--------------------------------------------------------------------------------
| VARAD | | |
--------------------------------------------------------------------------------
| (tuhandetes EUR) | 30.09.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| Käibevara | | |
--------------------------------------------------------------------------------
| Raha ja pangakontod | 18 220 | 20 191 |
--------------------------------------------------------------------------------
| Nõuded ostjate vastu | 435 | 416 |
--------------------------------------------------------------------------------
| Muud nõuded ja ettemaksed | 4 924 | 5 508 |
--------------------------------------------------------------------------------
| Ettemakstud tulumaks | 1 424 | 1 308 |
--------------------------------------------------------------------------------
| Varud | 1 393 | 1 890 |
--------------------------------------------------------------------------------
| Müügiootel varad | 1 835 | 0 |
--------------------------------------------------------------------------------
| Käibevara kokku | 28 230 | 29 312 |
--------------------------------------------------------------------------------
| Põhivara | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksunõue | 1 166 | 1 077 |
--------------------------------------------------------------------------------
| Muud aktsiad ja väärtpaberid | 3 921 | 1 018 |
--------------------------------------------------------------------------------
| Muud pikaajalised nõuded | 762 | 2 895 |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringud | 2 752 | 2 897 |
--------------------------------------------------------------------------------
| Materiaalne põhivara | 54 518 | 83 921 |
--------------------------------------------------------------------------------
| Immateriaalne põhivara | 29 585 | 32 496 |
--------------------------------------------------------------------------------
| Põhivara kokku | 92 705 | 124 304 |
--------------------------------------------------------------------------------
| VARAD KOKKU | 120 935 | 153 616 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL | | |
--------------------------------------------------------------------------------
| (tuhandetes EUR) | 30.09.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| KOHUSTUSED | | |
--------------------------------------------------------------------------------
| Lühiajalised kohustused | | |
--------------------------------------------------------------------------------
| Võlakohustused | 3 631 | 5 292 |
--------------------------------------------------------------------------------
| Ostjate ettemaksed | 1 055 | 1 025 |
--------------------------------------------------------------------------------
| Võlad hankijatele | 1 373 | 4 480 |
--------------------------------------------------------------------------------
| Muud võlad | 564 | 593 |
--------------------------------------------------------------------------------
| Tulumaksukohustus | 91 | 80 |
--------------------------------------------------------------------------------
| Maksukohustused | 3 792 | 5 570 |
--------------------------------------------------------------------------------
| Viitvõlad | 3 937 | 4 722 |
--------------------------------------------------------------------------------
| Lühiajalised eraldised | 669 | 818 |
--------------------------------------------------------------------------------
| Lühiajalised kohustused kokku | 15 112 | 22 580 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksukohustus | 650 | 698 |
--------------------------------------------------------------------------------
| Pikaajalised võlakohustused | 16 213 | 12 461 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused kokku | 16 863 | 13 159 |
--------------------------------------------------------------------------------
| Kohustused kokku | 31 975 | 35 739 |
--------------------------------------------------------------------------------
| OMAKAPITAL | | |
--------------------------------------------------------------------------------
| Aktsiakapital | 96 507 | 96 507 |
--------------------------------------------------------------------------------
| Ülekurss | 14 525 | 14 525 |
--------------------------------------------------------------------------------
| Kohustuslik reservkapital | 2 413 | 2 413 |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | 1 511 | 2 263 |
--------------------------------------------------------------------------------
| Jaotamata kasum | -30 168 | -2 044 |
--------------------------------------------------------------------------------
| Emaettevõtte omanikele kuuluv omakapital | 84 788 | 113 664 |
| kokku | | |
--------------------------------------------------------------------------------
| Vähemusosalus | 4 172 | 4 214 |
--------------------------------------------------------------------------------
| Omakapital kokku | 88 960 | 117 878 |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL KOKKU | 120 935 | 153 616 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KONSOLIDEERITUD | | | | |
| KOONDKASUMIARUANNE | | | | |
--------------------------------------------------------------------------------
| (tuhandetes EEK) | 3. kv | 3. kv | 9 k 2009 | 9 k 2008 |
| | 2009 | 2008 | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Äritulud | | | | |
--------------------------------------------------------------------------------
| Müügitulud | 412 185 | 582 382 | 1 271 946 | 1 820 209 |
--------------------------------------------------------------------------------
| Muud äritulud | 2 960 | 4 205 | 7 063 | 9 947 |
--------------------------------------------------------------------------------
| Äritulud kokku | 415 145 | 586 587 | 1 279 009 | 1 830 156 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikulud | | | | |
--------------------------------------------------------------------------------
| Kaubad, toore, materjal ja | -13 324 | -12 573 | -37 947 | -40 993 |
| teenused | | | | |
--------------------------------------------------------------------------------
| Mitmesugused tegevuskulud | -234 613 | -299 374 | -740 520 | -874 022 |
--------------------------------------------------------------------------------
| Tööjõu kulud | -127 388 | -188 301 | -414 893 | -569 634 |
--------------------------------------------------------------------------------
| Põhivara kulum | -77 484 | -82 452 | -242 185 | -227 583 |
--------------------------------------------------------------------------------
| Muud ärikulud | -43 180 | -15 976 | -65 802 | -24 219 |
--------------------------------------------------------------------------------
| Ärikulud kokku | -495 989 | -598 676 | -1 501 347 | -1 736 451 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikasum (-kahjum) | -80 844 | -12 089 | -222 338 | 93 705 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud | | | | |
--------------------------------------------------------------------------------
| Intressitulud | 1 584 | 2 335 | 6 910 | 8 526 |
--------------------------------------------------------------------------------
| Intressikulud | -4 344 | -1 769 | -15 172 | -4 860 |
--------------------------------------------------------------------------------
| Kasum (kahjum) valuutakursi | -814 | -2 319 | 2 895 | 3 739 |
| muutustest | | | | |
--------------------------------------------------------------------------------
| Muud finantstulud ja -kulud | -119 | 0 | -192 | 56 |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud | -3 693 | -1 753 | -5 559 | 7 461 |
| kokku | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kasum (kahjum) | -84 537 | -13 842 | -227 897 | 101 166 |
| majandustegevusest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Tulumaksukulu | 501 | -4 045 | 1 708 | -19 366 |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | -84 036 | -17 887 | -226 189 | 81 800 |
| (-kahjum) jätkuvatest | | | | |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | -3 725 | 23 861 | -214 517 | 21 616 |
| (-kahjum) lõpetatud | | | | |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PERIOODI | -87 761 | 5 974 | -440 706 | 103 416 |
| PUHASKASUM(-KAHJUM) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Muu koondkasum (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | 13 658 | 6 182 | -20 380 | -1 551 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -1 608 | -44 458 | 8 601 | -19 835 |
--------------------------------------------------------------------------------
| Kokku muu koondkasum | 12 050 | -38 276 | -11 779 | -21 386 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | -75 711 | -32 302 | -452 485 | 82 030 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | | | | |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | 615 | -1 450 | -656 | 4 534 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -84 651 | -16 437 | -225 533 | 77 266 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -3 725 | 23 861 | -214 517 | 21 616 |
--------------------------------------------------------------------------------
| | -87 761 | 5 974 | -440 706 | 103 416 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | | | | |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | 615 | -1 450 | -656 | 4 534 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -70 993 | -10 255 | -245 913 | 75 715 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -5 333 | -20 597 | -205 916 | 1 781 |
--------------------------------------------------------------------------------
| | -75 711 | -32 302 | -452 485 | 82 030 |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (kahjum) aktsia | -0,56 | -0,11 | -1,49 | 0,51 |
| kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (kahjum) | -0,56 | -0,11 | -1,49 | 0,51 |
| aktsia kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Lõpetatud tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (kahjum) aktsia | -0,02 | 0,16 | -1,42 | 0,14 |
| kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (kahjum) | -0,02 | 0,16 | -1,42 | 0,14 |
| aktsia kohta (EEK) | | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KONSOLIDEERITUD | | | | |
| KOONDKASUMIARUANNE | | | | |
--------------------------------------------------------------------------------
| (tuhandetes EUR) | 3. kv | 3. kv | 9 k 2009 | 9 k 2008 |
| | 2009 | 2008 | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Äritulud | | | | |
--------------------------------------------------------------------------------
| Müügitulud | 26 343 | 37 221 | 81 292 | 116 333 |
--------------------------------------------------------------------------------
| Muud äritulud | 189 | 269 | 452 | 635 |
--------------------------------------------------------------------------------
| Äritulud kokku | 26 532 | 37 490 | 81 744 | 116 968 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikulud | | | | |
--------------------------------------------------------------------------------
| Kaubad, toore, materjal ja | -851 | -804 | -2 426 | -2 620 |
| teenused | | | | |
--------------------------------------------------------------------------------
| Mitmesugused tegevuskulud | -14 995 | -19 133 | -47 328 | -55 860 |
--------------------------------------------------------------------------------
| Tööjõu kulud | -8 142 | -12 035 | -26 516 | -36 406 |
--------------------------------------------------------------------------------
| Põhivara kulum | -4 952 | -5 270 | -15 478 | -14 545 |
--------------------------------------------------------------------------------
| Muud ärikulud | -2 759 | -1 021 | -4 206 | -1 548 |
--------------------------------------------------------------------------------
| Ärikulud kokku | -31 699 | -38 2623 | -95 954 | -110 979 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikasum (-kahjum) | -5 167 | -773 | -14 210 | 5 989 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud | | | | |
--------------------------------------------------------------------------------
| Intressitulud | 101 | 149 | 442 | 545 |
--------------------------------------------------------------------------------
| Intressikulud | -278 | -113 | -970 | -311 |
--------------------------------------------------------------------------------
| Kasum (kahjum) valuutakursi | -52 | -148 | 185 | 239 |
| muutustest | | | | |
--------------------------------------------------------------------------------
| Muud finantstulud ja -kulud | -8 | 0 | -12 | 4 |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud | -237 | -112 | -355 | 477 |
| kokku | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kasum (-kahjum) | -5 404 | -885 | -14 565 | 6 466 |
| majandustegevusest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Tulumaksukulu | 32 | -258 | 109 | -1 238 |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | -5 372 | -1 143 | -14 456 | 5 228 |
| (-kahjum) jätkuvatest | | | | |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | -238 | 1 525 | -13 710 | 1 382 |
| (-kahjum) lõpetatud | | | | |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PERIOODI | -5 610 | 382 | -28 166 | 6 610 |
| PUHASKASUM(-KAHJUM) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Muu koondkasum (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | 873 | 395 | -1 303 | -99 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -103 | -2 841 | 550 | -1 268 |
--------------------------------------------------------------------------------
| Kokku muu koondkasum | 770 | -2 446 | -753 | -1 367 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | -4 840 | -2 064 | -28 919 | 5 243 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | | | | |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | 38 | -93 | -42 | 290 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -5 410 | -1 050 | -14 414 | 4 938 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -238 | 1 525 | -13 710 | 1 382 |
--------------------------------------------------------------------------------
| | -5 610 | 382 | -28 166 | 6 610 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | | | | |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | 38 | -93 | -42 | 290 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -4 537 | -655 | -15 717 | 4 839 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -341 | -1 316 | -13 160 | 114 |
--------------------------------------------------------------------------------
| | -4 840 | -2 064 | -28 919 | 5 243 |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (kahjum) aktsia | -0,04 | -0,01 | -0,10 | 0,03 |
| kohta (EUR) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (kahjum) | -0,04 | -0,01 | -0,10 | 0,03 |
| aktsia kohta (EUR) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Lõpetatud tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (kahjum) aktsia | -0,002 | 0,01 | -0,09 | 0,01 |
| kohta (EUR) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (kahjum) | -0,002 | 0,01 | -0,09 | 0,01 |
| aktsia kohta (EUR) | | | | |
--------------------------------------------------------------------------------
Lisainfo:
Kristi Ojakäär
CFO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-post: kristi.ojakaar@oc.eu
http://www.olympic-casino.com
Pealkiri
OEG consolidated unaudited results for Q3 and 9 months of 2009
Teade
OEG consolidated unaudited results for Q3 and 9 months of 2009
Financial highlights, Q3 2009:
Continuing operations
--------------------------------------------------------------------------------
| Revenue: | 415.1 | million kroons |
--------------------------------------------------------------------------------
| EBITDA from day-to-day operations *: | 37.0 | million kroons |
--------------------------------------------------------------------------------
| EBIT from day-to-day operations *: | -40.4 | million kroons |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Extraordinary expenses, incl | | |
--------------------------------------------------------------------------------
| Structure optimization and closure | -40.4 | million kroons |
| of casinos: | | |
--------------------------------------------------------------------------------
| Financial income and expenses net: | -3.7 | million kroons |
--------------------------------------------------------------------------------
| Net loss before income tax **: | -84.5 | million kroons |
--------------------------------------------------------------------------------
Financial highlights, 9 months 2009:
Continuing operations
--------------------------------------------------------------------------------
| Revenue: | 1,279.0 | million kroons |
--------------------------------------------------------------------------------
| EBITDA from day-to-day operations *: | 97.3 | million kroons |
--------------------------------------------------------------------------------
| EBIT from day-to-day operations *: | -144.9 | million kroons |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Extraordinary expenses, incl | | |
--------------------------------------------------------------------------------
| Non-capitalized investment expenses: | -11.5 | million kroons |
| | | |
--------------------------------------------------------------------------------
| Structure optimization and closure | -65.9 | million kroons |
| of casinos: | | |
--------------------------------------------------------------------------------
| Financial income and expenses net: | -5.6 | million kroons |
--------------------------------------------------------------------------------
| Net loss before income tax **: | -227.9 | million kroons |
--------------------------------------------------------------------------------
€1 = 15.6466 kroons
*Ordinary business activity is referred to as business activity excluding
investment activities, structure optimization, casinos closures, and financial
income and expenses.
**Net loss before minority interest.
Within 3rd quarter of 2009, OEG concern has continued adjusting its activities
to the changing market situation. In addition to 49 casinos closed within the
1st half of the year (including 24 casinos in Ukraine) in the 3rd quarter of
2009 OEG has decided to close another 18 casinos: 4 in Estonia, 5 in Latvia, 4
in Lithuania, 4 in Romania and 1 in Poland. Decisions on casino closings are
connected with significant decrease of gaming market during the year of 2009.
Within the 9 months of 2009 gaming market volumes contracted in total by 54% in
Estonia, 38% in Latvia and 39% in Lithuania in comparison with the same period
last year.
During 9 months of 2009, concern has maintained stable revenues despite of
negative developments on markets and closing down 39% or 43 casinos in
continuing operations. EBITDA from day-to-day operations has been positive in
all quarters of current year, constituting 97.3 million kroons (6.2 million
euros) in 9 months total.
Expenses connected with casino closings in the 3rd quarter of 2009 have amounted
to a total of 40.4 million kroons (2.6 million euros). OEG personnel number
within 3rd quarter was decreased by 228 employees. Decrease in workload
connected with restructuring and optimization program has caused a 22% decline
in salary fund of Group support units from September in comparison with June
2009. The expected effect of 3rd quarter optimizations on operating expenses
within the 4th quarter 2009 is 52.1 million kroons (3.3 million euros) and
within the year of 2010 is 208.8 million kroons (13.3 million euros).
During last one and a half year, Concern has implemented an extensive efficiency
program - 53 casinos were closed (without Ukraine), number of jobs was reduced
by 1 132 or approximately by one third. The activities of increasing the
efficiency have included reducing the remuneration payable to employees by 20%,
reducing the rental prices on average 30%, reducing the number of slot machines
and resulting cost of gaming tax.
The total cost effect of optimisation activities implemented within the last
year and current year is expected to be 549.4 million kroons (35.1 million
euros), constituting 21.2% of the year 2008 total operating expenses in
continuing operations.
The 9 months 2009 consolidated financial results of the Group were substantially
influenced by developments on Ukrainian gaming market. OEG has launched a
liquidation process of Ukrainian operations due to the fact, that Ukrainian
parliament has banned casino operations in Ukraine for an undefined period and
has cancelled all licences issued to casino enterprises. According to
estimations, liquidation of Ukrainian subsidiaries will cause impairment losses
in amount of 187.1 million kroons (12.0 million euros), which is included in
income statement on line „Profit (-loss) from discontinued operations“.
OEG is planning to demand compensation of investments from the Ukrainian state
basing on investments propitiation and mutual protection agreement signed
between Estonian and Ukrainian governments and has already started this process.
External revenue by segments
Continuing operations
--------------------------------------------------------------------------------
| (thousands of | 9 months| Change | Proportion| 9 months | Proportion |
| kroons) | 2009| | | 2008 | |
| | | | | | |
--------------------------------------------------------------------------------
| Estonia | 289,078 | -49.5% | 22.6% | 572,500 | 31.3% |
--------------------------------------------------------------------------------
| Latvia | 277,441 | -44.6% | 21.7% | 501,147 | 27.4% |
--------------------------------------------------------------------------------
| Lithuania | 224,539 | -29.6% | 17.6% | 318,760 | 17.4% |
--------------------------------------------------------------------------------
| Belarus | 30,615 | 43.2% | 2.4% | 21,375 | 1.2% |
--------------------------------------------------------------------------------
| Poland | 335,472 | -8.8% | 26.2% | 367,858 | 20.1% |
--------------------------------------------------------------------------------
| Romania | 41,403 | 40.4% | 3.2% | 29,482 | 1.6% |
--------------------------------------------------------------------------------
| Slovakia | 80,461 | 322.7% | 6.3% | 19,034 | 1.0% |
--------------------------------------------------------------------------------
| Total | 1,279,009 | -30.1% | 100.0% | 1,830,156 | 100.0% |
--------------------------------------------------------------------------------
€1 = 15.6466 kroons
The Concern ended the 9 months of 2009 in continuing operations with sales
revenue of 1,271.9 million kroons (81.3 million euros). Total consolidated
revenue (sales revenue and other income) surged to 1,279.0 million kroons (81.7
million euros), 30.1% less than the 9 months of 2008 total consolidated revenue
of 1,830.2 million kroons (117.0 million euros).
In the 9 months of 2008 and 2009 93% consolidated revenue was formed by gaming
operations and 7% of other income.
At the end of September 2009, the Concern had 68 casinos with a total area of
25,642 square metres. At the end of September 2008, the number of casinos was
131 and their total area was 38,482 square metres. During the 9 months of 2009,
1 new casino was opened in Lithuania and 1 new casino in Slovakia, in total 67
casinos were closed: 17 in Estonia, 12 in Latvia, 6 in Lithuania, 7 in Romania,
1 in Poland and 24 in Ukraine.
--------------------------------------------------------------------------------
| Number of casinos by segments | | | |
--------------------------------------------------------------------------------
| | 30 Sep 2009 | 31 Dec 2008 | 30 Sep 2008 |
--------------------------------------------------------------------------------
| Estonia | 19 | 36 | 34 |
--------------------------------------------------------------------------------
| Latvia | 21 | 33 | 33 |
--------------------------------------------------------------------------------
| Lithuania | 11 | 16 | 16 |
--------------------------------------------------------------------------------
| Ukraine | 0 | 24 | 24 |
--------------------------------------------------------------------------------
| Belarus | 5 | 5 | 5 |
--------------------------------------------------------------------------------
| Poland | 8 | 9 | 9 |
--------------------------------------------------------------------------------
| Romania | 2 | 9 | 9 |
--------------------------------------------------------------------------------
| Slovakia | 2 | 1 | 1 |
--------------------------------------------------------------------------------
| Total | 68 | 133 | 131 |
--------------------------------------------------------------------------------
Consolidated expenses before depreciation in continuing operations for 9 months
of 2009 decreased in total by 16.5% or 249.7 million kroons (15.9 million euros)
in comparison to consolidated expenses of 9 months of 2009, including decrease
in the 3rd quarter by 19.0% or 97.6 million kroons (6.2 million euros) in
comparison to consolidated expenses of the same period last year. In comparison
with the 9 months of 2008 the strongest cost deacline came from personnel
expenses -27.2% or 154.7 million kroons (9.9 million euros) and marketing
expenses -36.4% or 53.7 million kroons (3.4 million euros). Expenses declined in
Estonian segment by 25.9%, in Latvian segment by 31.9% and Lithuanian segment by
15.0% in comparison with the 9 months of 2008.
The largest expense item before depreciation and impairment expenses was
personnel expenses including social charges which amounted to 414.9 million
kroons (26.5 million euros), followed by gaming tax expenses of 299.9 million
kroons (19.2 million euros), rental expenses of 167.4 million kroons (10.7
million euros) and marketing expenses of 94.0 million kroons (6.0 million
euros). Consolidated expenses of the 9 months of 2009 include non-capitalizable
expenses related to opening of new casinos in total 11.5 million kroons (0.7
million euros), expenses related to closure of casinos and reducing the number
of personnel in total 65.9 million kroons (4.2 million euros). Expenses related
to closure of casinos in 2009 in amount of 84.2 million kroons (5.4 million
euros) are reflected in the results of the last quarter of 2008.
Consolidated operating loss for the 9 months of 2009 in continuing operations
amounted to 222.3 million kroons (14.2 million euros). The operating profit for
the 9 months of 2008 totalled 93.7 million kroons (6.0 million euros).
Consolidated net loss for the 9 months of 2009 including discontinued operations
(Ukrainian segment), totalled 440.7 million kroons (28.2 million euros),
including losses of impairment of assets related to liquidation of Ukrainina
operations in amount of 187.1 million kroons (12.0 million euros). In the first
9 months of 2008 the net profit amounted 103.4 million kroons (6.6 million
euros).
The management of Concern has revised its estimations regarding the intra Group
loan contracts in preparing consolidated interim financial results of the 9
months of 2009, as the intra Group loans will not be settled in the forseeable
future. Consequently, the exchange differences will be recognised directly in
the separate component of equity.
Estonian segment
In the 9 months of 2009, the segment's external revenue amounted to 289.1
million kroons (18.5 million euros) including gaming revenue of 259.7 million
kroons (16.6 million euros). In the 9 months of 2009, the segment's external
revenue declined by 49.5% compared to the same period of last year. In the 9
months of 2009 the gaming market in Estonia shrank by 54%. The market share of
Olympic Casino Estonia AS grew by 5% up to approximately 49%.
In the 9 months of 2009 the segment's operating loss reached 74.8 million kroons
(4.8 million euros). In the 9 months of 2008 the segment earned operating profit
in amount of 81.3 million kroons (5.2 million euros).
During the 9 months, 17 casinos were closed in Estonia, occurring expenses
related to closures amounted to 16.3 million kroons (1.0 million euros). At the
end of September, there were 19 Olympic Casinos in Estonia with a total of 545
slot machines and 17 game tables.
Latvian segment
In the 9 months of 2009, the segment's external revenue amounted to 277.4
million kroons (17.7 million euros) including gaming revenue of 253.8 million
kroons (16.2 million euros) and other revenues of 23.6 million kroons (1.5
million euros). In the 9 months of 2009, the segment's external revenue declined
by 44.6% compared to the same period last year.
The Latvian segment's operating loss amounted to 40.5 million kroons (2.6
million euros). In first 9 months of 2009 the segment earned operating profit in
amount of 33.9 million kroons (2.2 million euros).
During the 9 months of current year, 12 casinos were closed in Latvia, occurring
expenses related to closures amounted to 14.0 million kroons (0.9 million
euros). At the end of September, there were 21 Olympic Casinos in Latvia with a
total of 646 slot machines and 25 game tables.
Lithuanian segment
In the 9 months of 2009, the segment's external revenue amounted to 224.5
million kroons (14.3 million euros) including gaming revenue of 211.2 million
kroons (13.5 million euros) and other revenues of 13.3 million kroons (0.9
million euros). In the 9 months of 2009, the segment's external revenue declined
by 29.6%, the Lithuanian gaming market shrank by 39%.
In the 9 months of 2009, the segments`s operating loss reached 9.7 million
kroons (0.6 million euros). The operating profit of the last year`s the same
periood was 43.1 million kroons (2.8 million euros).
Within the 9 months of 2009, 1 casino was opened and 6 casinos were closed in
Lithuania, occurring expenses related to closures amounted to 7.8 million kroons
(0.5 million euros) and expenses related to opening of the casino amounted to
1.1 million kroons (0.1 million euros). At the end of September 2009, the
Lithuanian segment was operating 11 casinos with a total of 396 slot machines
and 53 game tables.
Belarusian segment
At the end September, Olympic Casino Bel IP was operating 5 casinos with a total
of 261 slot machines in Minsk.
The Belarusian segment's sales revenue has grown 43.2% compared to the first 9
months of 2008 and amounted to 30.6 million kroons (2.0 million euros). The
Belarusian segment's sales revenue has grown in roubles 1.7 times compared to
the first 9 months of 2008. The operating loss of Belarusian segment was 8.2
million kroons (0.5 million euros). In the 9 months of 2008, the Belarusian
segment's external revenues amounted to 21.4 million kroons (1.4 million euros)
and operating loss was 13.9 million kroons (0.9 million euros).
Polish segment
In the 9 months of 2009, the segment's external revenue amounted to 335.5
million kroons (21.4 million euros), accounting for largest part or 26.2% of the
Group's consolidated revenue. During the 9 months of 2009, segment's revenue has
declined by 8.8% compared to the first 9 months of 2008, but in polish zlotys
the segment's sales revenue has grown by 17.0%. The operating loss of Polish
segment was 25.7 million kroons (1.6 million euros).
Within 3rd quarter 1 casino was closed in Poland, the occurring losses amounted
to 12.9 million kroons (0.8 million euros). The segment's operating result was
influenced by expenses related to the removal and renovation of casinos in total
amount of 1.8 million kroons (0.1 million euros).
At the end of September, Concern was operating 8 casinos in Poland with 386
slots and 57 gaming tables.
Romanian segment
The Romanian segment finished the 9 months of 2009 with the revenue of 41.4
million kroons (2.6 million euros) and operating loss 64.4 million kroons (4.1
million euros). In 9 months of 2008, segment's external revenue amounted of 29.5
million kroons (1.9 million euros) and operating loss 41.1 million kroons (2.6
million euros).
Within the 9 months, 7 casinos were closed and a flagship casino which was
temporarily closed for renovation was reopened in Romania. Expenses related to
the preparations of opening of the flagship casino in Bucharest, opened on 15th
May in this year, influenced the operating result by 6.3 million kroons (0.4
million euros). Expenses related to closures of casinos amounted to 14.8 million
kroons (0.9 million euros).
At the end of September Concern operated 2 casinos in Romania with 13 game
tables and 88 slots.
Slovakian segment
The first casino in Bratislava, the capital of Slovakia, was opened in June
2008. In January 2009 a second Olympic casino was opened in Trnava. At the end
of September Concern operated 2 casinos in Slovakia with 20 game tables and 95
slots.
The Slovakian segment finished the 9 months of 2009 with a revenue of 80.5
million kroons (5.1 million euros) and operating profit 0.9 million kroons (0.1
million euros). In the same period of 2008, the Slovakian segment's external
revenues amounted to 19.0 million kroons (1.2 million euros) and operating loss
was 13.2 million kroons (0.8 million euros).
Balance sheet
At 30 September 2009, the consolidated balance sheet totalled 1,892.2 million
kroons (120.9 million euros). At 31 December 2008, the consolidated balance
sheet of Group amounted to 2,403.6 million kroons (153.6 million euros). Within
the first 9 months of 2009, the balance sheet volume declined by 21.2%.
Current assets accounted for 441.7 million kroons (28.2 million euros) or 23.3%
of total assets and non-current assets for 1,450.5 million kroons (92.7 million
euros) or 76.7% of total assets. Intangible assets accounted for 462.9 million
kroons (29.6 million euros) or 31.9% of non-current assets.
At 30 September 2009, consolidated liabilities amounted to 500.3 million kroons
(32.0 million euros) and consolidated equity amounted to 1,391.9 million kroons
(89.0 million euros). The largest part of liabilities were loans in amount of
310.5 million kroons (19.8 million euros), payables to employees of 50.8 million
kroons (3.2 million euros), tax commitments of 60.6 million kroons (3.9 million
euros).
Investments
In the first 9 months of 2009, the consolidated expenditures on property, plant
and equipment totalled 63.9 million kroons (4.1 million euros) including
investment in gaming equipment of 16.5 million kroons (1.1 million euros),
renovation of casinos in amount of 26.2 million kroons (1.7 million euros), and
acquisition of other items of property, plant and equipment in amount of 5.8
million kroons (0.3 million euros), prepayments for tangible assets amounted to
15.4 million kroons (1.0 million euros).
Cash flows
Consolidated operating cash flows during the first 9 months of 2009 were 68.8
million kroons (4.4 million euros), cash outflows from investing activities were
131.4 million kroons (8.4 million euros), cash flows from financing activities
were 32.6 million kroons (2.1 million euros). Net cash outflows amounted to 30.0
million kroons (1.9 million euros).
People
At 30 September 2009, the Group employed 2,461 people (31 December 2008: 3,924):
534 in Estonia, 435 in Latvia, 646 in Lithuania, 94 in Belarus, 473 in Poland,
157 in Romania and 122 in Slovakia.
Employee remuneration expenses including relevant social charges amounted to
414.9 million kroons (26.5 million euros), in first 9 months of 2008 the
relevant figure was 569.6 million kroons (36.4 million euros).
The key financials
Continuing operations
--------------------------------------------------------------------------------
| | 9 months | 9 months | Change |
| | 2009 | 2008 | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue (kroons, millions) | 1,279.0 | 1,830.2 | -30.1% |
--------------------------------------------------------------------------------
| EBITDA(kroons, millions) | 19.9 | 321.3 | -93.8% |
--------------------------------------------------------------------------------
| Operating profit (kroons, | -222.3 | 93.7 | -337.2% |
| millions) | | | |
--------------------------------------------------------------------------------
| Net profit (kroons, millions) | -226.2 | 81.8 | -376.5% |
--------------------------------------------------------------------------------
| EBITDA margin | 1.6% | 17.6% | |
--------------------------------------------------------------------------------
| Operating margin | -17.4% | 5.1% | |
--------------------------------------------------------------------------------
| Net margin | -17.7% | 4.5% | |
--------------------------------------------------------------------------------
| Equity ratio | 73.6% | 76.7% | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Number of casinos at end of | 68 | 107 | -39 |
| period | | | |
--------------------------------------------------------------------------------
| Total area of casinos at end of | 25,642 | 31,594 | -5,952 |
| period (in square metres) | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Number of slots at end of period | 2,417 | 4,118 | -1,701 |
--------------------------------------------------------------------------------
| Number of game tables at end of | 185 | 199 | -14 |
| period | | | |
--------------------------------------------------------------------------------
Underlying formulas
o EBITDA = earnings before financial expenses, taxes, depreciation, amortisation
and impairment losses
o Operating profit = profit before financial expenses and taxes
o Net profit = net profit for the period before minority interest
o EBITDA margin = EBITDA / revenue
o Operating margin = operating profit / revenue
o Net margin = net profit / revenue
o Equity ratio = equity / total assets
€1 = 15.6466 kroons
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
--------------------------------------------------------------------------------
| ASSETS | | |
--------------------------------------------------------------------------------
| (In thousands of Estonian kroons) | 30 Sep 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| Current assets | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents | 285,075 | 315,919 |
--------------------------------------------------------------------------------
| Trade receivables | 6,809 | 6,507 |
--------------------------------------------------------------------------------
| Other receivables and prepayments | 77,047 | 86,174 |
--------------------------------------------------------------------------------
| Prepaid income tax | 22,280 | 20,464 |
--------------------------------------------------------------------------------
| Inventories | 21,789 | 29,576 |
--------------------------------------------------------------------------------
| Assets held for sale | 28,706 | 0 |
--------------------------------------------------------------------------------
| Total current assets | 441,706 | 458,640 |
--------------------------------------------------------------------------------
| Non-current assets | | |
--------------------------------------------------------------------------------
| Deferred tax assets | 18,248 | 16,847 |
--------------------------------------------------------------------------------
| Other financial investments | 61,349 | 15,930 |
--------------------------------------------------------------------------------
| Other long-term receivables | 11,925 | 45,292 |
--------------------------------------------------------------------------------
| Investment property | 43,060 | 45,330 |
--------------------------------------------------------------------------------
| Property, plant and equipment | 853,019 | 1,313,076 |
--------------------------------------------------------------------------------
| Intangible assets | 462,910 | 508,459 |
--------------------------------------------------------------------------------
| Total non-current assets | 1,450,511 | 1,944,934 |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 1,892,217 | 2,403,574 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| LIABILITIES AND EQUITY | | |
--------------------------------------------------------------------------------
| (In thousands of Estonian kroons) | 30 Sep 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| LIABILITIES | | |
--------------------------------------------------------------------------------
| Current liabilities | | |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 56,808 | 82,802 |
--------------------------------------------------------------------------------
| Customer advances | 16,520 | 16,041 |
--------------------------------------------------------------------------------
| Trade payables | 21,492 | 70,101 |
--------------------------------------------------------------------------------
| Other payables | 8,821 | 9,273 |
--------------------------------------------------------------------------------
| Income tax liability | 1,420 | 1,249 |
--------------------------------------------------------------------------------
| Other tax liabilities | 59,336 | 87,156 |
--------------------------------------------------------------------------------
| Other accrued payables | 61,602 | 73,879 |
--------------------------------------------------------------------------------
| Provisions | 10,472 | 12,797 |
--------------------------------------------------------------------------------
| Total current liabilities | 236,471 | 353,298 |
--------------------------------------------------------------------------------
| Non-current liabilities | | |
--------------------------------------------------------------------------------
| Deferred tax liability | 10,176 | 10,924 |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 253,671 | 194,968 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 263,847 | 205,892 |
--------------------------------------------------------------------------------
| Total liabilities | 500,318 | 559,190 |
--------------------------------------------------------------------------------
| EQUITY | | |
--------------------------------------------------------------------------------
| Share capital | 1,510,000 | 1,510,000 |
--------------------------------------------------------------------------------
| Share premium | 227,273 | 227,273 |
--------------------------------------------------------------------------------
| Statutory capital reserve | 37,759 | 37,759 |
--------------------------------------------------------------------------------
| Translation reserves | 23,628 | 35,407 |
--------------------------------------------------------------------------------
| Retained earnings | -472,039 | -31,989 |
--------------------------------------------------------------------------------
| Total equity attributable to equity | 1,326,621 | 1,778,450 |
| holders of the parent | | |
--------------------------------------------------------------------------------
| Minority interest | 65,278 | 65,934 |
--------------------------------------------------------------------------------
| Total equity | 1,391,899 | 1,844,384 |
--------------------------------------------------------------------------------
| TOTAL LIABILITIES AND EQUITY | 1,892,217 | 2,403,574 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
--------------------------------------------------------------------------------
| ASSETS | | |
--------------------------------------------------------------------------------
| (In thousands of euro) | 30 Sep 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| Current assets | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents | 18,220 | 20,191 |
--------------------------------------------------------------------------------
| Trade receivables | 435 | 416 |
--------------------------------------------------------------------------------
| Other receivables and prepayments | 4,924 | 5,508 |
--------------------------------------------------------------------------------
| Prepaid income tax | 1,424 | 1,308 |
--------------------------------------------------------------------------------
| Inventories | 1,393 | 1,890 |
--------------------------------------------------------------------------------
| Assets held for sale | 1,835 | 0 |
--------------------------------------------------------------------------------
| Total current assets | 28,230 | 29,312 |
--------------------------------------------------------------------------------
| Non-current assets | | |
--------------------------------------------------------------------------------
| Deferred tax assets | 1,166 | 1,077 |
--------------------------------------------------------------------------------
| Other financial investments | 3,921 | 1,018 |
--------------------------------------------------------------------------------
| Other long-term receivables | 762 | 2,895 |
--------------------------------------------------------------------------------
| Investment property | 2,752 | 2,897 |
--------------------------------------------------------------------------------
| Property, plant and equipment | 54,518 | 83,921 |
--------------------------------------------------------------------------------
| Intangible assets | 29,585 | 32,496 |
--------------------------------------------------------------------------------
| Total non-current assets | 92,705 | 124,304 |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 120,935 | 153,616 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| LIABILITIES AND EQUITY | | |
--------------------------------------------------------------------------------
| (In thousands of euro) | 30 Sep 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| LIABILITIES | | |
--------------------------------------------------------------------------------
| Current liabilities | | |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 3,631 | 5,292 |
--------------------------------------------------------------------------------
| Customer advances | 1,055 | 1,025 |
--------------------------------------------------------------------------------
| Trade payables | 1,373 | 4,480 |
--------------------------------------------------------------------------------
| Other payables | 564 | 593 |
--------------------------------------------------------------------------------
| Income tax liability | 91 | 80 |
--------------------------------------------------------------------------------
| Other tax liabilities | 3,792 | 5,570 |
--------------------------------------------------------------------------------
| Other accrued payables | 3,937 | 4,722 |
--------------------------------------------------------------------------------
| Provisions | 669 | 818 |
--------------------------------------------------------------------------------
| Total current liabilities | 15,112 | 22,580 |
--------------------------------------------------------------------------------
| Non-current liabilities | | |
--------------------------------------------------------------------------------
| Deferred tax liability | 650 | 698 |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 16,213 | 12,461 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 16,863 | 13,159 |
--------------------------------------------------------------------------------
| Total liabilities | 31,975 | 35,739 |
--------------------------------------------------------------------------------
| EQUITY | | |
--------------------------------------------------------------------------------
| Share capital | 96,507 | 96,507 |
--------------------------------------------------------------------------------
| Share premium | 14,525 | 14,525 |
--------------------------------------------------------------------------------
| Statutory capital reserve | 2,413 | 2,413 |
--------------------------------------------------------------------------------
| Translation reserves | 1,511 | 2,263 |
--------------------------------------------------------------------------------
| Retained earnings | -30,168 | -2,044 |
--------------------------------------------------------------------------------
| Total equity attributable to equity | 84,788 | 113,664 |
| holders of the parent | | |
--------------------------------------------------------------------------------
| Minority interest | 4,172 | 4,214 |
--------------------------------------------------------------------------------
| Total equity | 88,960 | 117,878 |
--------------------------------------------------------------------------------
| TOTAL LIABILITIES AND EQUITY | 120,935 | 153,616 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF COMPREHENSIVE | | | |
| INCOME | | | |
--------------------------------------------------------------------------------
| (In thousands of Estonian | Q3 2009 | Q3 2008 | 9M 2009 | 9M 2008 |
| kroons) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Revenue | | | | |
--------------------------------------------------------------------------------
| Sales revenue | 412,185 | 582,382 | 1,271,946 | 1,820,209 |
--------------------------------------------------------------------------------
| Other income | 2,960 | 4,205 | 7,063 | 9,947 |
--------------------------------------------------------------------------------
| Total revenue | 415,145 | 586,587 | 1,279,009 | 1,830,156 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Expenses | | | | |
--------------------------------------------------------------------------------
| Cost of materials, goods and | -13,324 | -12,573 | -37,947 | -40,993 |
| services used | | | | |
--------------------------------------------------------------------------------
| Other operating expenses | -234,613 | -299,374 | -740,520 | -874,022 |
--------------------------------------------------------------------------------
| Labour costs | -127,388 | -188,301 | -414,893 | -569,634 |
--------------------------------------------------------------------------------
| Depreciation, amortisation | -77,484 | -82,452 | -242,185 | -227,583 |
| and impairment | | | | |
--------------------------------------------------------------------------------
| Other expenses | -43,180 | -15,976 | -65,802 | -24,219 |
--------------------------------------------------------------------------------
| Total expenses | -495,989 | -598,676 | -1,501,347 | -1,736,451 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Operating profit (loss) | -80,844 | -12,089 | -222,338 | 93,705 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Financial income and | | | | |
| expenses | | | | |
--------------------------------------------------------------------------------
| Interest income | 1,584 | 2,335 | 6,910 | 8,526 |
--------------------------------------------------------------------------------
| Interest expense | -4,344 | -1,769 | -15,172 | -4,860 |
--------------------------------------------------------------------------------
| Foreign exchange gain | -814 | -2,319 | 2,895 | 3,739 |
| (losses) | | | | |
--------------------------------------------------------------------------------
| Other financial income and | -119 | 0 | -192 | 56 |
| expenses | | | | |
--------------------------------------------------------------------------------
| Net financing income and | -3,693 | -1,753 | -5,559 | 7,461 |
| expenses | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) before tax | -84,537 | -13,842 | -227,897 | 101,166 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Income tax expense | 501 | -4,045 | 1,708 | -19,366 |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -84,036 | -17,887 | -226,189 | 81,800 |
| from continuing operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -3,725 | 23,861 | -214,517 | 21,616 |
| from discontinued operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PROFIT (LOSS) FOR THE PERIOD | -87,761 | 5,974 | -440,706 | 103,416 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Other comprehensive income | | | | |
--------------------------------------------------------------------------------
| Translation reserve | | | | |
--------------------------------------------------------------------------------
| continuing operations | 13,658 | 6,182 | -20,380 | -1,551 |
--------------------------------------------------------------------------------
| discontinued operations | -1,608 | -44,458 | 8,601 | -19,835 |
--------------------------------------------------------------------------------
| Other comprehensive income | 12,050 | -38,276 | -11,779 | -21,386 |
| for the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income | -75,711 | -32,302 | -452,485 | 82,030 |
| for the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period | | | |
| attributable to | | | |
--------------------------------------------------------------------------------
| Minority interest | 615 | -1450 | -656 | 4,534 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -84,651 | -16,437 | -225,533 | 77,266 |
--------------------------------------------------------------------------------
| discontinued operations | -3,725 | 23,861 | -214,517 | 21,616 |
--------------------------------------------------------------------------------
| | -87,761 | 5,974 | -440,706 | 103,416 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income | | | | |
| attributable to | | | | |
--------------------------------------------------------------------------------
| Minority interest | 615 | -1,450 | -656 | 4,534 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -70,993 | -10,255 | -245,913 | 75,715 |
--------------------------------------------------------------------------------
| discontinued operations | -5,333 | -20,597 | -205,916 | 1,781 |
--------------------------------------------------------------------------------
| | -75,711 | -32,302 | -452,485 | 82,030 |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share | -0.56 | -0.11 | -1.49 | 0.51 |
| (EEK) | | | | |
--------------------------------------------------------------------------------
| Diluted earnings per share | -0.56 | -0.11 | -1.49 | 0.51 |
| (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Discontinued operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share | -0.02 | 0.16 | -1.42 | 0.14 |
| (EEK) | | | | |
--------------------------------------------------------------------------------
| Diluted earnings per share | -0.02 | 0.16 | -1.42 | 0.14 |
| (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF COMPREHENSIVE | | | |
| INCOME | | | |
--------------------------------------------------------------------------------
| (In thousands of euro) | Q3 2009 | Q3 2008 | 9M 2009 | 9M 2008 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Revenue | | | | |
--------------------------------------------------------------------------------
| Sales revenue | 26,343 | 37,221 | 81,292 | 116,333 |
--------------------------------------------------------------------------------
| Other income | 189 | 269 | 452 | 635 |
--------------------------------------------------------------------------------
| Total revenue | 26,532 | 37,490 | 81,744 | 116,968 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Expenses | | | | |
--------------------------------------------------------------------------------
| Cost of materials, goods and | -851 | -804 | -2,426 | -2,620 |
| services used | | | | |
--------------------------------------------------------------------------------
| Other operating expenses | -14,995 | -19,133 | -47,328 | -55,860 |
--------------------------------------------------------------------------------
| Labour costs | -8,142 | -12,035 | -26,516 | -36,406 |
--------------------------------------------------------------------------------
| Depreciation, amortisation | -4,952 | -5,270 | -15,478 | -14,545 |
| and impairment | | | | |
--------------------------------------------------------------------------------
| Other expenses | -2,759 | -1,021 | -4,206 | -1,548 |
--------------------------------------------------------------------------------
| Total expenses | -31,699 | -38,263 | -95,954 | -110,979 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Operating profit (loss) | -5,167 | -773 | -14,210 | 5,989 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Financial income and | | | | |
| expenses | | | | |
--------------------------------------------------------------------------------
| Interest income | 101 | 149 | 442 | 545 |
--------------------------------------------------------------------------------
| Interest expense | -278 | -113 | -970 | -311 |
--------------------------------------------------------------------------------
| Foreign exchange gain | -52 | -148 | 185 | 239 |
| (losses) | | | | |
--------------------------------------------------------------------------------
| Other financial income and | -8 | 0 | -12 | 4 |
| expenses | | | | |
--------------------------------------------------------------------------------
| Net financing income and | -237 | -112 | -355 | 477 |
| expenses | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) before tax | -5,404 | -885 | -14,565 | 6,466 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Income tax expense | 32 | -258 | 109 | -1,238 |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -5,372 | -1,143 | -14,456 | 5,228 |
| from continuing operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -238 | 1,525 | -13,710 | 1,382 |
| from discontinued operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PROFIT (LOSS) FOR THE PERIOD | -5,610 | 382 | -28,166 | 6,610 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Other comprehensive income | | | | |
--------------------------------------------------------------------------------
| Translation reserve | | | | |
--------------------------------------------------------------------------------
| continuing operations | 873 | 395 | -1,303 | -99 |
--------------------------------------------------------------------------------
| discontinued operations | -103 | -2,841 | 550 | -1,268 |
--------------------------------------------------------------------------------
| Other comprehensive income | 770 | -2,446 | -753 | -1,367 |
| for the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income | -4,840 | -2,064 | -28,919 | 5,243 |
| for the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period | | | |
| attributable to | | | |
--------------------------------------------------------------------------------
| Minority interest | 38 | -93 | -42 | 290 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -5,410 | -1,050 | -14,414 | 4,938 |
--------------------------------------------------------------------------------
| discontinued operations | -238 | 1,525 | -13,710 | 1,382 |
--------------------------------------------------------------------------------
| | -5,610 | 382 | -28,166 | 6,610 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income attributable | | | |
| to | | | |
--------------------------------------------------------------------------------
| Minority interest | 38 | -93 | -42 | 290 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -4,537 | -655 | -15,717 | 4,839 |
--------------------------------------------------------------------------------
| discontinued operations | -341 | -1,316 | -13,160 | 114 |
--------------------------------------------------------------------------------
| | -4,840 | -2,064 | -28,919 | 5,243 |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share (€) | -0.04 | -0.01 | -0.10 | 0.03 |
--------------------------------------------------------------------------------
| Diluted earnings per share | -0.04 | -0.01 | -0.10 | 0.03 |
| (€) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Discontinued operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share (€) | -0.002 | 0.01 | -0.09 | 0.01 |
--------------------------------------------------------------------------------
| Diluted earnings per share | -0.002 | 0.01 | -0.09 | 0.01 |
| (€) | | | | |
--------------------------------------------------------------------------------
Further information:
Kristi Ojakäär
CFO
Olympic Entertainment Group AS
Tel + 372 667 1250
E-post: kristi.ojakaar@oc.eu
http://www.olympic-casino.com