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OEG konsolideeritud auditeerimata majandustulemused, 4. kvartal ja 12 kuud 2009
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OEG konsolideeritud auditeerimata majandustulemused, 4. kvartal ja 12 kuud 2009
Ülevaade Grupi olulisematest sündmustest ja arengust 2009.aastal:
• OEG kontserni põhisuunaks 2009. aastal oli tegevuse kohandamine muutunud
turuoludega. Hasartmänguturu langus 2009. aastal võrreldes 2008. aastaga oli
Eestis 52%, Lätis 33% ja Leedus 39%.
• Aasta jooksul viidi läbi restruktureerimis- ja optimeerimisprogramm, mille
käigus suleti kokku 44 kasiinot (Ukrainata). Eestis suleti 18, Lätis 12, Leedus
6, Poolas 1 ja Rumeenias 7 kasiinot.
• Kontserni töötajate arvu vähendati 2009. aasta jooksul jätkuvates
operatsioonides kokku 872 inimese ehk 27% võrra. Töötajatele makstavaid tasusid
vähendati 2009. aasta 1. kvartalist keskmiselt 20% võrra.
• Kokku kandis OEG kontsern aasta jooksul ühekordseid kulusid 190,5 miljonit
krooni (12,2 miljonit eurot). Sealhulgas kasiinode sulgemistega kaasnevad kulud
moodustasid 74,1 miljonit krooni (4,7 miljonit eurot), kasiinode avamisega
seotud mittekapitaliseeritavad kulud 11,1 miljonit krooni (0,7 miljonit eurot)
ning põhivarade likvideerimiste ja allahindlustega seotud kahjumid moodustasid
105,3 miljonit krooni (6,7 miljonit eurot).
• 2009. aasta jooksul läbi viidud optimeerimistegevustest on 2010. aastal
oodatav kuluefekt kokku 660,8 miljonit krooni (42,2 miljonit eurot), mis
moodustab 32,4% 2009. aasta tegevuskuludest jätkuvates tegevusvaldkondades.
• Kontsern on säilitanud aasta jooksul stabiilse tulude taseme vaatamata
turgude negatiivsele arengule ning jätkuvates operatsioonides 40% ehk 44
kasiino sulgemisele. Kontserni EBITDA tavapärasest äritegevusest on olnud
positiivne igas käesoleva aasta kvartalis, moodustades aasta kokkuvõttes 198,0
miljonit krooni (12,7 miljonit eurot), millest 81,1 miljonit krooni (5,2
miljonit eurot) teeniti aasta viimases kvartalis.
• Kontserni 2009. aasta 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 on esitanud nõude
Ukraina riigile investeeringute kompenseerimiseks Eesti Vabariigi Valitsuse ja
Ukraina valitsuse vahelisele investeeringute soodustamise ja vastastikuse
kaitse lepingule tuginedes.
• Kontsern uuendas 2009. aastal oluliselt oma meelelahutuslikku
kasiinokontseptsiooni, muutes enamuse opereeritavatest kasiinodest
kasiino-lounge'ideks. Muudatuste tulemusena laienes kasiinodes ala, kus
külastajad saavad oma vaba aega veeta kasiinomänge mängimata. Samuti laienes
märkimisväärselt kasiinobaarides pakutav sortiment.
• 2009. aasta sügisel otsustas Kontsern siseneda kaughasartmängude turule ning
alustas ettevalmistust internetipõhiste teenuste pakkumiseks, sõlmides
partnerluslepingu maailma juhtiva kaughasartmängutehnoloogia ettevõttega
Playtech. 10. veebruaril 2010 lansseeris Kontsern Eesti esimese legaalse
internetikasiino ja -pokkeritoa Olympic-Online.com. Avatud veebikasiino pakub
enam kui 150 erinevat kasiinomängu ja Eesti pokkerihuvilistele võimalust
esmakordselt mängida maailma suurimas pokkerivõrgustikus iPoker.
2009. aasta 4. kvartali tulemuste lühikokkuvõte:
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| Äritulud: | 422,3 | miljonit krooni |
--------------------------------------------------------------------------------
| EBITDA tavapärasest äritegevusest*: | 81,1 | miljonit krooni |
--------------------------------------------------------------------------------
| EBIT tavapärasest äritegevusest*: | -22,8 | miljonit krooni |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Ühekordsed kulud | -93,4 | miljonit krooni |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud neto | -2,0 | miljonit krooni |
--------------------------------------------------------------------------------
| Puhaskahjum enne tulumaksu**: | -118,2 | miljonit krooni |
--------------------------------------------------------------------------------
2009. aasta 12 kuu tulemuste lühikokkuvõte:
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| Äritulud: | 1 701,3 | miljonit krooni |
--------------------------------------------------------------------------------
| EBITDA tavapärasest äritegevusest*: | 198,0 | miljonit krooni |
--------------------------------------------------------------------------------
| EBIT tavapärasest äritegevusest*: | -148,0 | miljonit krooni |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Ühekordse iseloomuga kulud | -190,5 | miljonit krooni |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud neto | -7,6 | miljonit krooni |
--------------------------------------------------------------------------------
| Puhaskahjum enne tulumaksu**: | -346,1 | miljonit krooni |
--------------------------------------------------------------------------------
1 EUR = 15,6466 EEK
*Tavapärase äritegevusena on käsitletud äritegevust enne investeerimistegevusi,
struktuuride optimeerimist, kasiinode sulgemistegevusi, põhivarade
likvideerimist ja allahindlusi ning finantstulusid ja -kulusid
** Puhaskahjum enne vähemusosalust
Kontsernivälised äritulud
Jätkuvad tegevusvaldkonnad
--------------------------------------------------------------------------------
| th EEK | 2009 | Kasv | Osakaal | 2008 | Osakaal |
--------------------------------------------------------------------------------
| Eesti | 391 705 | -47,2% | 23,0% | 741 824 | 30,1% |
--------------------------------------------------------------------------------
| Läti | 365 440 | -44,2% | 21,5% | 655 053 | 26,5% |
--------------------------------------------------------------------------------
| Leedu | 290 055 | -30,2% | 17,0% | 415 392 | 16,8% |
--------------------------------------------------------------------------------
| Valgevene | 42 592 | 23,9% | 2,5% | 34 364 | 1,4% |
--------------------------------------------------------------------------------
| Poola | 443 472 | -19,2% | 26,1% | 548 972 | 22,2% |
--------------------------------------------------------------------------------
| Rumeenia | 56 166 | 42,8% | 3,3% | 39 340 | 1,6% |
--------------------------------------------------------------------------------
| Slovakkia | 111 893 | 240,2% | 6,6% | 32 888 | 1,3% |
--------------------------------------------------------------------------------
| Kokku | 1 701 323 | -31,1% | 100,0% | 2 467 833 | 100,0% |
--------------------------------------------------------------------------------
1 EUR = 15,6466 EEK
Kontserni 2009. aasta konsolideeritud müügitulud jätkuvatest
tegevusvaldkondadest moodustasid 1 691,2 miljonit krooni (108,1 miljonit eurot)
ning äritulud moodustasid kokku 701,3 miljonit krooni (108,7 miljonit eurot),
mis on 31,1% vähem kui 2008. aastal teenitud 2 467,8 miljoni kroonine (157,7
miljonit eurot) kogutulu.
Kontserni konsolideeritud äritulud koosnesid 2009. aastal ja 2008. aastal 93%
hasartmängutulust ja 7% muudest tuludest.
2009. aasta lõpus oli Kontsernis kokku 67 kasiinot, üldpinnaga 25 745 m².
2008. aasta lõpus oli Kontserni kasiinode arv 109 ja kasiinode üldpind kokku 31
989 m². Käesoleva aasta jooksul avati 1 kasiino Leedus ja 1 kasiino Slovakkias
ning suleti kokku 44 kasiinot: 18 Eestis, 12 Lätis, 6 Leedus, 7 Rumeenias, 1
Poolas.
--------------------------------------------------------------------------------
| Kasiinode arv segmenditi | | |
| Jätkuvad tegevusvaldkonnad | | |
--------------------------------------------------------------------------------
| | 31.12.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| Eesti | 18 | 36 |
--------------------------------------------------------------------------------
| Läti | 21 | 33 |
--------------------------------------------------------------------------------
| Leedu | 11 | 16 |
--------------------------------------------------------------------------------
| Valgevene | 5 | 5 |
--------------------------------------------------------------------------------
| Poola | 8 | 9 |
--------------------------------------------------------------------------------
| Rumeenia | 2 | 9 |
--------------------------------------------------------------------------------
| Slovakkia | 2 | 1 |
--------------------------------------------------------------------------------
| Kokku | 67 | 109 |
--------------------------------------------------------------------------------
Kontserni 2009. aasta konsolideeritud ärikulud jätkuvates tegevusvaldkondades
enne amortisatsiooni kahanesid võrreldes 2008. aastaga kokku 19,9% ehk 419,9
miljoni krooni (26,8 miljonit eurot) võrra, sealhulgas 4. kvartali kulud
vähenesid võrreldes möödunud aasta sama perioodiga 28,1% ehk 170,2 miljonit
krooni (10,9 miljonit eurot). Kõige enam kahanesid võrreldes 2008. aastaga
tööjõukulud - 30,5% ehk 233,7 miljonit krooni (14,9 miljonit eurot) ja
turunduskulud -42,8% ehk 94,0 miljonit krooni (6,0 miljonit eurot) ning
hasartmängumaksude kulud -16,2% ehk 75,7 miljonit krooni (4,8 miljonit eurot).
Suurima osa Kontserni ärikuludest enne amortisatsiooni moodustavad tööjõukulud
koos sotsiaalmaksudega 531,5 miljonit krooni (34,0 miljonit eurot), järgnevad
hasartmängumaksude kulud 390,8 miljonit krooni (25,0 miljonit eurot), rendikulu
227,1 miljonit krooni (14,5 miljonit eurot) ja turunduskulud 127,2 miljonit
krooni (8,1 miljonit eurot). Kontserni 2009. aasta konsolideeritud ärikulud
sisaldavad kasiinode avamisega seotud mittekapitaliseeritavaid kulutusi 11,1
miljonit krooni (0,7 miljonit eurot), kasiinode sulgemisega ja töötajate arvu
vähendamisega kaasnevaid kulusid 74,1 miljonit krooni (4,7 miljonit eurot) ning
põhivarade allahindluse ja müügiga seotud kulusid (neto) 105,3 miljonit krooni
(6,7 miljonit eurot). 84,2 miljonit krooni (5,4 miljonit eurot) 2009. aasta
jooksul suletud kasiinodega seotud kulusid kajastus 2008. aasta viimase
poolaasta kuludes.
Kontserni ärikahjumiks 2009. aastal jätkuvatest tegevusvaldkondadest kujunes
338,5 miljonit krooni (21,6 miljonit eurot), 2008. aastal oli ärikahjum 115,6
miljonit krooni (7,4 miljonit eurot).
Konsolideeritud puhaskahjumiks koos lõpetatud tegevusvaldkondadega (Ukraina
segment) kujunes 518,0 miljonit krooni (33,1 miljonit eurot), millest 187,1
miljonit krooni (12,0 miljonit eurot) andsid Ukraina tütarettevõtete
likvideerimisega kaasnevaid varade allahindluskulud. 2008. aastal oli
puhaskahjum 454,6 miljonit krooni (29,1 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. aastal moodustasid Eesti segmendi kontsernivälised äritulud kokku 391,7
miljonit krooni (25,0 miljonit eurot), millest hasartmängutulud moodustasid
353,1 miljonit krooni (22,6 miljonit eurot). Eesti segmendi kontsernivälised
äritulud kahanesid võrreldes möödunud aasta sama ajaga 47,2%. Hasartmänguturu
langus oli Eestis võrreldes eelmise aastaga 51,5%. Olympic Casino Eesti AS
turuosa Eesti hasartmänguturul kasvas 2009.aastal 3,5 protsendipunkti võrra ligi
49%-ni.
Eesti segmendi 2009.aasta ärikahjumiks kujunes 126,8 miljonit krooni (8,1
miljonit eurot). 2008. aastal teenis Eesti segment ärikasumit 61,4 miljonit
krooni (3,9 miljonit eurot). Eesti segmendi ühekordsed kulud 2009. aastal
moodustasid 60,8 miljonit krooni (3,9 miljonit eurot) ning 2008. aastal 31,5
miljonit krooni (2,0 miljonit eurot).
2009.aasta jooksul suleti Eestis 18 kasiinot, detsembri lõpu seisuga tegutses
Eestis kokku 18 Olympic kasiinot, milles oli kokku 557 mänguautomaati ja 22
mängulauda.
Läti segment
2009. aastal moodustasid Läti segmendi kontsernivälised äritulud kokku 365,4
miljonit krooni (23,4 miljonit eurot), millest hasartmängutulud moodustasid
334,2 miljonit krooni (21,4 miljonit eurot) ning muud tulud 31,2 miljonit krooni
(2,0 miljonit eurot). Läti segmendi kontsernivälised äritulud kahanesid
võrreldes eelmise aasta sama ajaga 44,2%.
Läti segmendi ärikahjumiks kujunes 42,2 miljonit krooni (2,7 miljonit eurot).
Eelmise aasta sama perioodi ärikasum oli 29,5 miljonit krooni (1,9 miljonit
eurot). Ühekordsed kulud mõjutasid Läti tulemit 2009. aastal negatiivselt 37,1
miljoni krooniga (2,4 miljonit eurot) ning 2008. aastal 37,0 miljoni krooniga
(2,4 miljonit eurot).
Käesoleva aasta jooksul suleti Lätis 12 kasiinot, aasta lõpu seisuga opereeris
Läti segment kokku 21 kasiinot 648 mänguautomaadiga ja 23 mängulauaga.
Leedu segment
2009. aastal moodustasid Leedu segmendi kontsernivälised äritulud kokku 290,1
miljonit krooni (18,5 miljonit eurot), millest hasartmängutulud olid 272,6
miljonit krooni (17,4 miljonit eurot) ning muud tulud 17,5 miljonit krooni (1,1
miljonit eurot). Leedu segmendi äritulud kahanesid võrreldes möödunud aastaga
30,2%, hasartmänguturu langus võrreldavatel perioodidel oli 39%.
Leedu segmendi ärikahjum moodustas 39,0 miljonit krooni (2,5 miljonit eurot),
2008. aasta ärikasum oli 21,6 miljonit krooni (1,4 miljonit eurot). Ühekordsed
kulud mõjutasid Leedu tulemit 2009. aastal negatiivselt 37,2 miljoni krooniga
(2,4 miljonit eurot) ning 2008. aastal 26,3 miljoni krooniga (1,7 miljonit
eurot).
Leedus avati 2009.aasta jooksul 1 kasiino ning suleti 6 kasiinot. Aasta lõpu
seisuga tegutses Leedus 10 kasiinot, kokku 356 mänguautomaadiga ja 50
mängulauaga.
Valgevene segment
Olympic Casino Bel IP tegutseb Minskis 5 kasiinoga, milles on 261
mänguautomaati.
2009. aastal võrreldes eelmise aastaga on tulud kasvanud 23,9%, moodustades 42,6
miljonit krooni (2,7 miljonit eurot). Valgevene segmendi müügitulud tõusid
võrreldavatel perioodidel rublas 1,6 korda. 2009.aasta ärikahjumiks kujunes 8,9
miljonit krooni (0,6 miljonit eurot). 2008. aastal teeniti äritulusid 34,4
miljonit krooni (2,2 miljonit eurot) ning ärikahjumit 16,9 miljonit krooni (1,1
miljonit eurot).
Poola segment
Poola segmendi 2009. aasta äritulud olid 443,5 miljonit krooni (28,3 miljonit
eurot), moodustades suurima ehk 26,1% osakaalu konsolideeritud ärituludest.
Äritulud eesti kroonis langesid võrreldes eelmise aasta sama perioodiga 19,2%,
kuid müügitulude tõus võrreldavatel perioodidel poola zlottides moodustas 7,0%.
Poola segmendi ärikahjumiks kujunes 27,7 miljonit krooni (1,8 miljonit eurot),
2008.aastal teeniti ärikahjumit 48,9 miljonit krooni (3,1 miljonit eurot).
Poola segmendi ühekordsed kulud 2009. aastal moodustasid 5,3 miljonit krooni
(0,3 miljonit eurot) ning 2008. aastal 16,6 miljonit krooni (1,1 miljonit
eurot).
Kontsern opereeris Poolas aasta lõpus 8 kasiinot 383 mänguautomaadi ja 58
mängulauaga.
Rumeenia segment
Rumeenia segment lõpetas 2009.aastat ärituluga 56,2 miljonit krooni (3,6
miljonit eurot), mis on 42,8% rohkem kui 2008. aasta äritulud 39,3 miljonit
krooni (2,5 miljonit eurot). 2009.aasta ärikahjumiks kujunes 98,7 miljonit
krooni (6,3 miljonit eurot). Eelmise aasta ärikahjum moodustas 134,8 miljonit
krooni (8,6 miljonit eurot). Ühekordsete kulude mõju Rumeenia tulemile 2009.
aastal oli 49,4 miljonit krooni (3,2 miljonit eurot), 2008. aastal 78,8 miljonit
krooni (5,0 miljonit eurot).
2009. aasta jooksul suleti Rumeenias 7 kasiinot ning taasavati renoveerimiseks
suletud esinduskasiino. Detsembri 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. Aasta lõpu seisuga
opereeris kontsern Slovakkias 20 mängulauaga ja 95 mänguautomaadiga.
Slovakkia segment lõpetas 2009. aastat ärituludega 111,9 miljonit krooni (7,2
miljonit eurot), teenides 240,2% rohkem äritulusid kui 2008. aastal. 2009. aasta
ärikasum oli 4,6 miljonit krooni (0,3 miljonit eurot). 2008. aastal teeniti
äritulusid 32,9 miljonit krooni (2,1 miljonit eurot) ning ärikahjumit 24,9
miljonit krooni (1,6 miljonit eurot). Ühekordsed kulud mõjutasid Slovakkia
kasumit 0,4 miljoni krooniga (0,03 miljonit eurot) 2009. aastal ja 8,1 miljoni
krooniga (0,5 miljonit eurot) 2008. aastal.
Bilanss
31.12.2009 seisuga oli Kontserni konsolideeritud bilansimaht 1 776,2 miljonit
krooni (113,5 miljonit eurot). 31.12.2008 seisuga oli Kontserni konsolideeritud
bilansimaht 2 403,6 miljonit krooni (153,6 miljonit eurot). Bilansimaht vähenes
aastaga 26,1%.
Käibevarad moodustasid varadest 473,4 miljonit krooni (30,3 miljonit eurot) ehk
26,7% kogu varadest ja põhivarad 1 302,8 miljonit krooni (83,3 miljonit eurot)
ehk 73,3% bilansimahust. Immateriaalsed varad moodustasid põhivaradest 450,6
miljonit krooni (28,8 miljonit eurot) ehk 34,6%.
Kontserni kohustused moodustasid bilansipäeval kokku 485,2 miljonit krooni
(31,0 miljonit eurot) ning konsolideeritud omakapital 1 291,0 miljonit krooni
(82,5 miljonit eurot). Kontserni kohustustest suurema osa moodustavad
laenukohustused 309,2 miljonit krooni (19,8 miljonit eurot), kohustused
töövõtjatele 46,3 miljonit krooni (3,0 miljonit eurot) ja maksukohustused 54,8
miljonit krooni (3,5 miljonit eurot).
Investeeringud
Kontsern investeeris materiaalsesse põhivarasse 2009. aastal kokkvõttes 66,3
miljonit krooni (4,2 miljonit eurot), millest 17,8 miljonit krooni (1,1 miljonit
eurot) investeeriti mänguseadmetesse, 26,9 miljonit krooni (1,7 miljonit eurot)
investeeriti kasiinode rekonstrueerimisse, muud materiaalset põhivara soetati
5,8 miljonit krooni (0,4 miljonit eurot), ettemaksed põhivara eest moodustasid
15,8 miljonit krooni (1,0 miljonit eurot).
Rahavood
Kontserni äritegevuse rahavood 2009. aastal olid 79,4 miljonit krooni (5,1
miljonit eurot). Investeerimistegevuse rahavood moodustasid -81,0 miljonilt
kroonilt (-5,2 miljonit eurot) ja finantseerimistegevuse rahavood 31,4 miljonit
krooni (2,0 miljonit eurot). Netorahavood kokku moodustasid 29,8 miljonit krooni
(1,9 miljonit eurot).
Personal
31.12.2009 seisuga andis Kontsern tööd 2 348 inimesele (31.12.08 Ukrainata:
3 220). Eesti ettevõtetes töötas aasta lõpus 496, Lätis 423, Leedus 612,
Valgevenes 98, Poolas 438, Rumeenias 160 ja Slovakkias 121 inimest.
2009. aastal arvestati Kontsernis töötajatele töötasusid koos sotsiaalmaksudega
kokku 562,0 miljonit krooni (35,9 miljonit eurot), möödunud aastal samal ajal
853,8 miljonit krooni (54,6 miljonit eurot).
Kontserni põhilised arvnäitajad:
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | 2009 | 2008 | Muutus |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Äritulud (miljon krooni) | 1 701,3 | 2 467,8 | -31,1% |
--------------------------------------------------------------------------------
| EBITDA (miljon krooni) | 7,5 | 354,1 | -97,9% |
--------------------------------------------------------------------------------
| Ärikasum/-kahjum (miljon krooni) | -338,5 | -113 | 199,6% |
--------------------------------------------------------------------------------
| Puhaskasum/-kahjum (miljon krooni) | -335,2 | -184,3 | 81,9% |
--------------------------------------------------------------------------------
| EBITDA marginaal | 0,4% | 14,3% | |
--------------------------------------------------------------------------------
| Ärirentablus | -19,9% | -4,6% | |
--------------------------------------------------------------------------------
| Puhasrentaablus | -19,7% | -7,5% | |
--------------------------------------------------------------------------------
| Omakapitali suhtarv | 72,7% | 76,7% | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Kasiinode arv perioodi lõpus | 67 | 109 | -42 |
--------------------------------------------------------------------------------
| Kasiinode pind m2 perioodi lõpus | 25 745 | 31 989 | -6 244 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Mänguautomaatide arv perioodi | 2 388 | 4 163 | -1 775 |
| lõpus | | | |
--------------------------------------------------------------------------------
| Mängulaudade arv perioodi lõpus | 186 | 193 | -7 |
--------------------------------------------------------------------------------
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) | 31.12.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| Käibevara | | |
--------------------------------------------------------------------------------
| Raha ja pangakontod | 344 947 | 315 919 |
--------------------------------------------------------------------------------
| Nõuded ostjate vastu | 5 473 | 6 507 |
--------------------------------------------------------------------------------
| Muud nõuded ja ettemaksed | 66 933 | 86 174 |
--------------------------------------------------------------------------------
| Ettemakstud tulumaks | 23 962 | 20 464 |
--------------------------------------------------------------------------------
| Varud | 14 211 | 29 576 |
--------------------------------------------------------------------------------
| Müügiootel varad | 17 833 | 0 |
--------------------------------------------------------------------------------
| Käibevara kokku | 473 359 | 458 640 |
--------------------------------------------------------------------------------
| Põhivara | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksuvara | 21 404 | 16 847 |
--------------------------------------------------------------------------------
| Muud finantsinvesteeringud | 61 405 | 15 930 |
--------------------------------------------------------------------------------
| Muud pikaajalised nõuded | 11 807 | 45 292 |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringud | 23 658 | 45 330 |
--------------------------------------------------------------------------------
| Materiaalne põhivara | 733 980 | 1 313 076 |
--------------------------------------------------------------------------------
| Immateriaalne põhivara | 450 568 | 508 459 |
--------------------------------------------------------------------------------
| Põhivara kokku | 1 302 822 | 1 944 934 |
--------------------------------------------------------------------------------
| VARAD KOKKU | 1 776 181 | 2 403 574 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL | | |
--------------------------------------------------------------------------------
| (tuhandetes EEK) | 31.12.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| KOHUSTUSED | | |
--------------------------------------------------------------------------------
| Lühiajalised kohustused | | |
--------------------------------------------------------------------------------
| Võlakohustused | 88 145 | 82 802 |
--------------------------------------------------------------------------------
| Ostjate ettemaksed | 16 252 | 16 041 |
--------------------------------------------------------------------------------
| Võlad hankijatele | 27 511 | 70 101 |
--------------------------------------------------------------------------------
| Muud võlad | 2 895 | 9 273 |
--------------------------------------------------------------------------------
| Tulumaksukohustus | 298 | 1 249 |
--------------------------------------------------------------------------------
| Muud maksukohustused | 48 695 | 87 156 |
--------------------------------------------------------------------------------
| Viitvõlad | 56 570 | 73 879 |
--------------------------------------------------------------------------------
| Lühiajalised eraldised | 17 948 | 12 797 |
--------------------------------------------------------------------------------
| Lühiajalised kohustused kokku | 258 314 | 353 298 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksukohustus | 5 841 | 10 924 |
--------------------------------------------------------------------------------
| Pikaajalised võlakohustused | 221 031 | 194 968 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused kokku | 226 872 | 205 892 |
--------------------------------------------------------------------------------
| Kohustused kokku | 485 186 | 559 190 |
--------------------------------------------------------------------------------
| OMAKAPITAL | | |
--------------------------------------------------------------------------------
| Aktsiakapital | 1 510 000 | 1 510 000 |
--------------------------------------------------------------------------------
| Ülekurss | 227 273 | 227 273 |
--------------------------------------------------------------------------------
| Kohustuslik reservkapital | 37 759 | 37 759 |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | 401 | 35 407 |
--------------------------------------------------------------------------------
| Jaotamata kasum | -548 206 | -31 989 |
--------------------------------------------------------------------------------
| Emaettevõtte omanikele kuuluv omakapital kokku | 1 227 227 | 1 778 450 |
--------------------------------------------------------------------------------
| Vähemusosalus | 63 768 | 65 934 |
--------------------------------------------------------------------------------
| Omakapital kokku | 1 290 995 | 1 844 384 |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL KOKKU | 1 776 181 | 2 403 574 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE | |
--------------------------------------------------------------------------------
| VARAD | | |
--------------------------------------------------------------------------------
| (tuhandetes EUR) | 31.12.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| Käibevara | | |
--------------------------------------------------------------------------------
| Raha ja pangakontod | 22 046 | 20 191 |
--------------------------------------------------------------------------------
| Nõuded ostjate vastu | 350 | 416 |
--------------------------------------------------------------------------------
| Muud nõuded ja ettemaksed | 4 278 | 5 508 |
--------------------------------------------------------------------------------
| Ettemakstud tulumaks | 1 531 | 1 308 |
--------------------------------------------------------------------------------
| Varud | 908 | 1 890 |
--------------------------------------------------------------------------------
| Müügiootel varad | 1 140 | 0 |
--------------------------------------------------------------------------------
| Käibevara kokku | 30 253 | 29 312 |
--------------------------------------------------------------------------------
| Põhivara | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksunõue | 1 368 | 1 077 |
--------------------------------------------------------------------------------
| Muud aktsiad ja väärtpaberid | 3 924 | 1 018 |
--------------------------------------------------------------------------------
| Muud pikaajalised nõuded | 755 | 2 895 |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringud | 1 512 | 2 897 |
--------------------------------------------------------------------------------
| Materiaalne põhivara | 46 910 | 83 921 |
--------------------------------------------------------------------------------
| Immateriaalne põhivara | 28 797 | 32 496 |
--------------------------------------------------------------------------------
| Põhivara kokku | 83 266 | 124 304 |
--------------------------------------------------------------------------------
| VARAD KOKKU | 113 519 | 153 616 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL | | |
--------------------------------------------------------------------------------
| (tuhandetes EUR) | 31.12.2009 | 31.12.2008 |
--------------------------------------------------------------------------------
| KOHUSTUSED | | |
--------------------------------------------------------------------------------
| Lühiajalised kohustused | | |
--------------------------------------------------------------------------------
| Võlakohustused | 5 633 | 5 292 |
--------------------------------------------------------------------------------
| Ostjate ettemaksed | 1 039 | 1 025 |
--------------------------------------------------------------------------------
| Võlad hankijatele | 1 758 | 4 480 |
--------------------------------------------------------------------------------
| Muud võlad | 185 | 593 |
--------------------------------------------------------------------------------
| Tulumaksukohustus | 19 | 80 |
--------------------------------------------------------------------------------
| Maksukohustused | 3 112 | 5 570 |
--------------------------------------------------------------------------------
| Viitvõlad | 3 615 | 4 722 |
--------------------------------------------------------------------------------
| Lühiajalised eraldised | 1 147 | 818 |
--------------------------------------------------------------------------------
| Lühiajalised kohustused kokku | 16 509 | 22 580 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused | | |
--------------------------------------------------------------------------------
| Edasilükkunud tulumaksukohustus | 373 | 698 |
--------------------------------------------------------------------------------
| Pikaajalised võlakohustused | 14 126 | 12 461 |
--------------------------------------------------------------------------------
| Pikaajalised kohustused kokku | 14 500 | 13 159 |
--------------------------------------------------------------------------------
| Kohustused kokku | 31 009 | 35 739 |
--------------------------------------------------------------------------------
| OMAKAPITAL | | |
--------------------------------------------------------------------------------
| Aktsiakapital | 96 507 | 96 507 |
--------------------------------------------------------------------------------
| Ülekurss | 14 525 | 14 525 |
--------------------------------------------------------------------------------
| Kohustuslik reservkapital | 2 413 | 2 413 |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | 26 | 2 263 |
--------------------------------------------------------------------------------
| Jaotamata kasum | -35 037 | -2 044 |
--------------------------------------------------------------------------------
| Emaettevõtte omanikele kuuluv omakapital kokku | 78 434 | 113 664 |
--------------------------------------------------------------------------------
| Vähemusosalus | 4 076 | 4 214 |
--------------------------------------------------------------------------------
| Omakapital kokku | 82 510 | 117 878 |
--------------------------------------------------------------------------------
| KOHUSTUSED JA OMAKAPITAL KOKKU | 113 519 | 153 616 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KONSOLIDEERITUD | | | | |
| KOONDKASUMIARUANNE | | | | |
--------------------------------------------------------------------------------
| (tuhandetes EEK) | 4. kv | 4. kv | 2009 | 2008 |
| | 2009 | 2008 | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Äritulud | | | | |
--------------------------------------------------------------------------------
| Müügitulud | 419 262 | 634 063 | 1 691 208 | 2 454 271 |
--------------------------------------------------------------------------------
| Muud äritulud | 3 051 | 3 615 | 10 115 | 13 563 |
--------------------------------------------------------------------------------
| Äritulud kokku | 422 313 | 637 678 | 1 701 323 | 2 467 834 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikulud | | | | |
--------------------------------------------------------------------------------
| Kaubad, toore, materjal ja | -14 090 | -13 667 | -52 037 | -54 661 |
| teenused | | | | |
--------------------------------------------------------------------------------
| Mitmesugused tegevuskulud | -250 915 | -390 639 | -991 435 | -1 264 |
| | | | | 798 |
--------------------------------------------------------------------------------
| Tööjõu kulud | -116 561 | -195 530 | -531 454 | -765 163 |
--------------------------------------------------------------------------------
| Põhivara kulum ja väärtuse | -84 476 | -226 470 | -325 636 | -454 053 |
| langus | | | | |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringu | -19 402 | -13 032 | -19 402 | -13 032 |
| väärtuse langus | | | | |
--------------------------------------------------------------------------------
| Muud ärikulud | -53 072 | -7 465 | -119 900 | -31 684 |
--------------------------------------------------------------------------------
| Ärikulud kokku | -538 516 | -846 803 | -2 039 | -2 583 |
| | | | 864 | 391 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikasum | -116 203 | -209 125 | -338 541 | -115 557 |
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| | | | | |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud | | | | |
--------------------------------------------------------------------------------
| Intressitulud | 2 096 | 2 656 | 9 006 | 11 182 |
--------------------------------------------------------------------------------
| Intressikulud | -4 325 | -5 741 | -19 497 | -10 601 |
--------------------------------------------------------------------------------
| Kasum (kahjum) valuutakursi | 282 | -75 532 | 3 177 | -71 793 |
| muutustest | | | | |
--------------------------------------------------------------------------------
| Muud finantstulud ja -kulud | -66 | 0 | -258 | 193 |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud kokku | -2 013 | -78 617 | -7 572 | -71 019 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kasum majandustegevusest | -118 216 | -287 742 | -346 113 | -186 576 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Tulumaksukulu | 9 157 | 21 801 | 10 866 | 2 435 |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | -109 059 | -265 941 | -335 247 | -184 141 |
| jätkuvatest | | | | |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum lõpetatud | 31 774 | -292 090 | -182 744 | -270 473 |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PERIOODI PUHASKASUM(-KAHJUM) | -77 285 | -558 031 | -517 991 | -454 614 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Muu koondkasum (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | 5 990 | 7 802 | -14 390 | 6 251 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -29 217 | 50 334 | -20 616 | 30 499 |
--------------------------------------------------------------------------------
| Kokku muu koondkasum | -23 227 | 58 136 | -35 006 | 36 750 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | -100 512 | -499 895 | -552 997 | -417 864 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | -1510 | 79 | -2 166 | 4 613 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -107 549 | -266 020 | -333 081 | -188 754 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | 31 774 | -292 090 | -182 744 | -270 473 |
--------------------------------------------------------------------------------
| | -77 285 | -558 031 | -517 991 | -454 614 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | | | | |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | -1 510 | 79 | -2 166 | 4 613 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -101 559 | -258 218 | -347 471 | -182 503 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | 2 557 | -241 756 | -203 360 | -239 974 |
--------------------------------------------------------------------------------
| | -100 512 | -499 895 | -552 997 | -417 864 |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (-kahjum) aktsia | -0,71 | -1,76 | -2,21 | -1,25 |
| kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (-kahjum) | -0,71 | -1,76 | -2,21 | -1,25 |
| aktsia kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Lõpetatud tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (-kahjum) aktsia | 0,21 | -1,93 | -1,21 | -1,79 |
| kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (-kahjum) | 0,21 | -1,93 | -1,21 | -1,79 |
| aktsia kohta (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| KONSOLIDEERITUD | | | | |
| KOONDKASUMIARUANNE | | | | |
--------------------------------------------------------------------------------
| (tuhandetes EUR) | 4. kv | 4. kv | 2009 | 2008 |
| | 2009 | 2008 | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Äritulud | | | | |
--------------------------------------------------------------------------------
| Müügitulud | 26 796 | 40 524 | 108 088 | 156 857 |
--------------------------------------------------------------------------------
| Muud äritulud | 195 | 231 | 646 | 867 |
--------------------------------------------------------------------------------
| Äritulud kokku | 26 991 | 40 755 | 108 734 | 157 723 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikulud | | | | |
--------------------------------------------------------------------------------
| Kaubad, toore, materjal ja | -901 | -873 | -3 326 | -3 493 |
| teenused | | | | |
--------------------------------------------------------------------------------
| Mitmesugused tegevuskulud | -16 036 | -24 966 | -63 364 | -80 835 |
--------------------------------------------------------------------------------
| Tööjõu kulud | -7 450 | -12 497 | -33 966 | -48 903 |
--------------------------------------------------------------------------------
| Põhivara kulum ja väärtuse | -5 399 | -14 474 | -20 812 | -29 019 |
| langus | | | | |
--------------------------------------------------------------------------------
| Kinnisvarainvesteeringu | -1 240 | -833 | -1 240 | -833 |
| väärtuse langus | | | | |
--------------------------------------------------------------------------------
| Muud ärikulud | -3 392 | -477 | -7 663 | -2 025 |
--------------------------------------------------------------------------------
| Ärikulud kokku | -34 417 | -54 121 | -130 371 | -165 109 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Ärikasum | -7 427 | -13 366 | -21 637 | -7 385 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud | | | | |
--------------------------------------------------------------------------------
| Intressitulud | 134 | 170 | 576 | 715 |
--------------------------------------------------------------------------------
| Intressikulud | -276 | -367 | -1 246 | -678 |
--------------------------------------------------------------------------------
| Kasum (kahjum) valuutakursi | 18 | -4 827 | 203 | -4 588 |
| muutustest | | | | |
--------------------------------------------------------------------------------
| Muud finantstulud ja -kulud | -4 | 0 | -16 | 12 |
--------------------------------------------------------------------------------
| Finantstulud ja -kulud kokku | -129 | -5 024 | -483 | -4 539 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kasum majandustegevusest | -7 555 | -18 390 | -22 121 | -11 924 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Tulumaksukulu | 585 | 1 393 | 694 | 156 |
--------------------------------------------------------------------------------
| Perioodi puhaskasum | -6 970 | -16 997 | -21 426 | -11 769 |
| jätkuvatest | | | | |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum lõpetatud | 2 031 | -18 668 | -11 679 | -17 286 |
| tegevusvaldkondadest | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PERIOODI PUHASKASUM(-KAHJUM) | -4 939 | -35 665 | -33 105 | -29 055 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Muu koondkasum (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Realiseerimata kursivahed | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | 383 | 499 | -920 | 400 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | -1 867 | 3 217 | -1 318 | 1 949 |
--------------------------------------------------------------------------------
| Kokku muu koondkasum | -1 484 | 3 716 | -2 237 | 2 349 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | -6 424 | -31 949 | -35 342 | -26 706 |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Perioodi puhaskasum (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | -97 | 5 | -138 | 295 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -6 874 | -17 002 | -21 288 | -12 064 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | 2 031 | -18 668 | -11 679 | -17 286 |
--------------------------------------------------------------------------------
| | -4 939 | -35 665 | -33 106 | -29 055 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Kokku perioodi koondkasum | | | | |
| (-kahjum) | | | | |
--------------------------------------------------------------------------------
| Vähemusosalus | -97 | 5 | -138 | 295 |
--------------------------------------------------------------------------------
| Emaettevõtte omanike osa | | | | |
--------------------------------------------------------------------------------
| jätkuvad tegevusvaldkonnad | -6 491 | -16 503 | -22 207 | -11 664 |
--------------------------------------------------------------------------------
| lõpetatud tegevusvaldkonnad | 163 | -15 451 | -12 997 | -15 337 |
--------------------------------------------------------------------------------
| | -6 424 | -31 949 | -35 342 | -26 706 |
--------------------------------------------------------------------------------
| Jätkuvad tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (-kahjum) aktsia | -0,05 | -0,11 | -0,14 | -0,08 |
| kohta (EUR) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (-kahjum) | -0,05 | -0,11 | -0,14 | -0,08 |
| aktsia kohta (EUR) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Lõpetatud tegevusvaldkonnad | | | | |
--------------------------------------------------------------------------------
| Tava kasum (-kahjum) aktsia | 0,01 | -0,12 | -0,08 | -0,11 |
| kohta (EUR) | | | | |
--------------------------------------------------------------------------------
| Lahustatud kasum (-kahjum) | 0,01 | -0,12 | -0,08 | -0,11 |
| 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 Q4 and 2009
Teade
OEG consolidated unaudited results for Q4 and 2009 Overview of substantial events and developments of Group in 2009: • The main objective of the Group in 2009 was to adapt to changing market situation. The gaming markets contracted in 2009 by 52% in Estonia, by 33% in Latvia and by 39% in Lithuania compared to 2008. • In 2009 Group implemented restructuring and optimization program, in total 44 casinos were closed (without Ukraine): 18 in Estonia, 12 in Latvia, 6 in Lithuania, 1 in Poland and 7 in Romania. • The number of employees in continuing operations was reduced by 872 positions or 27% during 2009. The remuneration payable to employees was reduced in average by 20% from Q1 2009. • Non-recurring expenses in 2009 totalled to 190.5 million kroons (12.2 million euros), including expenses related to closures of casinos in total 74.1 million kroons (4.7 million euros), non-capitalizable expenses related to opening of new casinos in total 11.1 million kroons (0.7 million euros), losses from liquidation and impairment of assets in total 105.3 million kroons (6.7 million euros). • The total cost effect of optimisation activities implemented within the 2009 is expected to be 660.8 million kroons (42.2 million euros), constituting 32.4% of the year 2009 total operating expenses (without Ukraine). • During 2009, Group has maintained stable revenues despite of negative developments on markets and closing down 40% or 44 casinos in continuing operations. EBITDA from day-to-day operations has been positive in all quarters of 2009, constituting 198.0 million kroons (12.7 million euros) in total, including 81.1 million kroons (5.2 million euros) in Q4 2009. • The 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. Liquidation of Ukrainian subsidiaries caused 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 has demanded compensation of investments from the Ukrainian state basing on investments propitiation and mutual protection agreement signed between Estonian and Ukrainian governments. • The Group modified significantly its casino entertainment concept in 2009 by transforming most casinos that it operates into casino lounges. As a result of these changes, casinos have a wider floor area where customers can spend leisure time without gaming. In addition, the range of products on offer in casino bars was expanded. In autumn 2009, Group decided to enter to online gaming market. For providing online services, Group has signed a partnership agreement with Playtech, the world's leading developer of online gaming technology. On 10th February 2010, Group launched first legal online casino and poker room in Estonia on website Olympic-Online.com. New online environment offers more than 150 different casino games and a possibility to play in the world's largest poker network iPoker. Financial highlights, Q4 2009: Continuing operations -------------------------------------------------------------------------------- | Revenue: | 422.3 | million kroons | -------------------------------------------------------------------------------- | EBITDA from day-to-day operations *: | 81.1 | million kroons | -------------------------------------------------------------------------------- | EBIT from day-to-day operations *: | -22.8 | million kroons | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-recurring expenses | -93.4 | million kroons | -------------------------------------------------------------------------------- | Financial income and expenses net: | -2.0 | million kroons | -------------------------------------------------------------------------------- | Net loss before income tax **: | -118.2 | million kroons | -------------------------------------------------------------------------------- Financial highlights, 2009: Continuing operations -------------------------------------------------------------------------------- | Revenue: | 1 701.3 | million kroons | -------------------------------------------------------------------------------- | EBITDA from day-to-day operations *: | 198.0 | million kroons | -------------------------------------------------------------------------------- | EBIT from day-to-day operations *: | -148.0 | million kroons | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-recurring expenses | -190.5 | million kroons | -------------------------------------------------------------------------------- | Financial income and expenses net: | -7.6 | million kroons | -------------------------------------------------------------------------------- | Net loss before income tax **: | -346.1 | million kroons | -------------------------------------------------------------------------------- €1 = 15.6466 kroons *Ordinary business activity is referred to as business activity excluding investment activities, structure optimization, casinos closures, impairment and write-off of assets and financial income and expenses. **Net loss before minority interest. External revenue by segments Continuing operations -------------------------------------------------------------------------------- | (thousands of | 2009 | Change | Proportion | 2008 | Proportio | | kroons) | | | | | n | -------------------------------------------------------------------------------- | Estonia | 391,705 | -47.2% | 23.0% | 741,824 | 30.1% | -------------------------------------------------------------------------------- | Latvia | 365,440 | -44.2% | 21.5% | 655,053 | 26.5% | -------------------------------------------------------------------------------- | Lithuania | 290,055 | -30.2% | 17.0% | 415,392 | 16.8% | -------------------------------------------------------------------------------- | Belarus | 42,592 | 23.9% | 2.5% | 34,364 | 1.4% | -------------------------------------------------------------------------------- | Poland | 443,472 | -19.2% | 26.1% | 548,972 | 22.2% | -------------------------------------------------------------------------------- | Romania | 56,166 | 42.8% | 3.3% | 39,340 | 1.6% | -------------------------------------------------------------------------------- | Slovakia | 111,893 | 240.2% | 6.6% | 32,888 | 1.3% | -------------------------------------------------------------------------------- | Total | 1,701,323 | -31.1% | 100.0% | 2,467,833 | 100.0% | -------------------------------------------------------------------------------- €1 = 15.6466 kroons The Concern ended the 2009 in continuing operations with sales revenue of 1,691.2 million kroons (108.1 million euros). Total consolidated revenue (sales revenue and other income) surged to 1,701.3 million kroons (108.7 million euros), 31.1% less than the 2008 total consolidated revenue of 2,467.8 million kroons (157.7 million euros). In the 2009 and 2008 93% of consolidated revenue was formed by gaming operations and 7% by other income. At the end of 2009, the Concern had 67 casinos with a total area of 25,745 square metres. At the end of 2008, the number of casinos was 109 and their total area was 31,989 square metres (without Ukraine). During 2009, 1 new casino was opened in Lithuania and 1 new casino in Slovakia, in total 44 casinos were closed: 18 in Estonia, 12 in Latvia, 6 in Lithuania, 7 in Romania and 1 in Poland. -------------------------------------------------------------------------------- | Number of casinos by segments | | | | Continuing operations | | | -------------------------------------------------------------------------------- | | 31 December 2009 | 31 December 2008 | -------------------------------------------------------------------------------- | Estonia | 18 | 36 | -------------------------------------------------------------------------------- | Latvia | 21 | 33 | -------------------------------------------------------------------------------- | Lithuania | 11 | 16 | -------------------------------------------------------------------------------- | Belarus | 5 | 5 | -------------------------------------------------------------------------------- | Poland | 8 | 9 | -------------------------------------------------------------------------------- | Romania | 2 | 9 | -------------------------------------------------------------------------------- | Slovakia | 2 | 1 | -------------------------------------------------------------------------------- | Total | 67 | 109 | -------------------------------------------------------------------------------- Consolidated expenses before depreciation in continuing operations for 2009 decreased in total by 19.9% or 419.9 million kroons (26.8 million euros) in comparison to consolidated expenses of 2008, including decrease in Q4 2009 by 28.1% or 170.2 million kroons (10.9 million euros) in comparison to consolidated expenses of the same period last year. In comparison with the 2008 the strongest cost decline came from personnel expenses -30.5% or 233.7 million kroons (14.9 million euros), marketing expenses -42.8% or 94.0 million kroons (6.0 million euros) and gaming tax expenses -16.2% or 75.7 million kroons (4.8 million euros). The largest expense item before depreciation and impairment expenses was personnel expenses including social charges which amounted to 531.5 million kroons (34.0 million euros), followed by gaming tax expenses of 390.8 million kroons (25.0 million euros), rental expenses of 227.1 million kroons (14.5 million euros) and marketing expenses of 127.2 million kroons (8.1 million euros). Consolidated expenses of 2009 include non-capitalizable expenses related to opening of new casinos in total 11.1 million kroons (0.7 million euros), expenses related to closure of casinos and reducing the number of personnel in total 74.1 million kroons (4.7 million euros) and losses from liquidation and impairment of assets in total 105.3 million kroons (6.7 million euros). Expenses in amount of 84.2 million kroons (5.4 million euros) related to closure of casinos in 2009 are reflected in the results of the last quarter of 2008. Consolidated operating loss for the 2009 in continuing operations amounted to 338.5 million kroons (21.6 million euros). The operating loss for 2008 totalled 115.6 million kroons (7.4 million euros). Consolidated net loss for 2009 including discontinued operations (Ukrainian segment), totalled to 518.0 million kroons (33.1 million euros), including losses of impairment of assets related to liquidation of Ukrainian operations in amount of 187.1 million kroons (12.0 million euros). In 2008 the net loss amounted to 454.6 million kroons (29.1 million euros). The management of Concern has revised its estimations regarding the intra Group loan contracts in preparing consolidated interim financial results 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 2009, the segment's external revenue amounted to 391.7 million kroons (25.0 million euros) including gaming revenue of 353.1 million kroons (22.6 million euros). In 2009, the segment's external revenue declined by 47.2% compared to the last year. The gaming market in Estonia shrank by 52%. The market share of Olympic Casino Estonia AS grew by 3,5% up to approximately 49%. In 2009 the segment's operating loss reached 126.8 million kroons (8.1 million euros). In 2008 the segment earned operating profit in amount of 61.4 million kroons (3.9 million euros). The non-recurring expenses in 2009 amounted to 60.8 million kroons (3.9 million euros) and in 2008 to 31.5 million kroons (2.0 million euros). During 2009, 18 casinos were closed in Estonia. At the end of December, there were 18 Olympic Casinos operating in Estonia with a total of 557 slot machines and 22 game tables. Latvian segment In 2009, the segment's external revenue amounted to 365.4 million kroons (23.4 million euros) including gaming revenue of 334.2 million kroons (21.4 million euros) and other revenues of 31.2 million kroons (2.0 million euros). In 2009, the segment's external revenue declined by 44.2% compared to the last year. The Latvian segment's operating loss amounted to 42.2 million kroons (2.7 million euros). In 2008 the segment earned operating profit in amount of 29.5 million kroons (1.9 million euros). The non-recurring expenses in 2009 influenced the result of Latvian segment negatively with 37.1 million kroons (2.4 million euros) and in 2008 with 37.0 million kroons (2.4 million euros). During 2009, 12 casinos were closed in Latvia, at the end of December, there were 21 Olympic Casinos operating in Latvia with a total of 648 slot machines and 23 game tables. Lithuanian segment In 2009, the segment's external revenue amounted to 290.1 million kroons (18.5 million euros) including gaming revenue of 272.6 million kroons (17.4 million euros) and other revenues of 17.5 million kroons (1.1 million euros). In 2009, the segment's external revenue declined by 30.2%, the Lithuanian gaming market shrank by 39%. The segments`s operating loss in 2009 reached 39.0 million kroons (2.5 million euros). The operating profit of 2008 was 21.6 million kroons (1.4 million euros). The non-recurring expenses in 2009 influenced the result of the segment negatively with 37.2 million kroons (2.4 million euros) and in 2008 with 26.3 million kroons (1.7 million euros). During 2009, 1 casino was opened and 6 casinos were closed in Lithuania. At the end of year, the Lithuanian segment was operating 10 casinos with a total of 356 slot machines and 50 game tables. Belarus segment Olympic Casino Bel IP operates 5 casinos with a total of 261 slot machines in Minsk. The Belarusian segment's sales revenue has grown 23.9% compared to 2008 and amounted to 42.6 million kroons (2.7 million euros). The Belarus segment's sales revenue has grown 1.6 times in roubles compared to 2008. The operating loss of Belarus segment was 8.6 million kroons (0.6 million euros). In 2008, the Belarus segment's external revenues amounted to 34.4 million kroons (2.2 million euros) and operating loss was 16.9 million kroons (1.1 million euros). Polish segment In 2009, the segment's external revenue amounted to 443.5 million kroons (28.3 million euros), accounting for largest part or 26.1% of the Group's consolidated revenue. During 2009, segment's revenue in estonian kroons has declined by 19.2% compared to 2008, but in polish zlotys the segment's sales revenue has grown by 7.0%. The operating loss of Polish segment was 27.7 million kroons (1.8 million euros), compared to 48.9 million kroons (3.1 million euros) in 2008. Polish segment non-recurring expenses in 2009 amounted to 5.3 million kroons (0.3 million euros) and in 2008 to 16.6 million kroons (1.1 million euros). At the end of year, Group was operating 8 casinos in Poland with 383 slots and 58 gaming tables. Romanian segment The Romanian segment finished 2009 with the revenue of 56.2 million kroons (3.6 million euros), which is 42.8% more than 2008 revenues of 39.3 million kroons (2.5 million euros). The operating loss of 2009 was 98.7 million kroons (6.3 million euros). In 2008, segment's operating loss amounted to 134.8 million kroons (8.6 million euros). The non-recurring expenses in 2009 influenced the result of the segment with 49.4 million kroons (3.2 million euros) and in 2008 with 78.8 million kroons (5.0 million euros). During 2009, 7 casinos were closed and a flagship casino which was temporarily closed for renovation was reopened in Romania. At the end of December Group 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 year Group operated 2 casinos in Slovakia with 20 game tables and 95 slots. The Slovakian segment finished the year with revenue of 111.9 million kroons (7.2 million euros), which is 240.2% more than revenues of 2008. The operating profit in 2009 amounted to 4.6 million kroons (0.3 million euros). In 2008, revenues amounted to 32.9 million kroons (2.1 million euros) and operating loss amounted to 24.9 million kroons (1.6 million euros). The non-recurring expenses in 2009 influenced the result of the segment with 0.4 million kroons (0.03 million euros) and in 2008 with 8.1 million kroons (0.5 million euros). Balance sheet At 31 December 2009, the consolidated balance sheet totalled 1,776.2 million kroons (113.5 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 2009, the balance sheet volume declined by 26.1%. Current assets accounted for 473.4 million kroons (30.3 million euros) or 26.7% of total assets and non-current assets for 1,302.8 million kroons (83.3 million euros) or 73.3% of total assets. Intangible assets accounted for 450.6 million kroons (28.8 million euros) or 34.6% of non-current assets. At 31 December 2009, consolidated liabilities amounted to 485.2 million kroons (31.0 million euros) and consolidated equity amounted to 1,291.0 million kroons (82.5 million euros). The largest part of liabilities were loans in amount of 309.2 million kroons (19.8 million euros), payables to employees of 46.3 million kroons (3.0 million euros) and tax commitments of 54.8 million kroons (3.5 million euros). Investments In 2009, the consolidated expenditures on property, plant and equipment totalled 66.3 million kroons (4.2 million euros) including investment in gaming equipment of 17.8 million kroons (1.1 million euros), renovation of casinos in amount of 26.9 million kroons (1.7 million euros), acquisition of other items of property, plant and equipment in amount of 5.8 million kroons (0.4 million euros), prepayments for tangible assets amounted to 15.8 million kroons (1.0 million euros). Cash flows Consolidated operating cash flows of 2009 were 79.4 million kroons (5.1 million euros), cash outflows from investing activities were 81.0 million kroons (5.2 million euros), cash flows from financing activities were 31.4 million kroons (2.0 million euros). Net cash flows amounted to 29.8 million kroons (1.9 million euros). Personnel At 31 December 2009, the Group employed 2,348 people (31 December 2008 without Ukraine: 3,220): 496 in Estonia, 423 in Latvia, 612 in Lithuania, 98 Belarus, 438 in Poland, 160 in Romania and 121 in Slovakia. Employee remuneration expenses including relevant social charges amounted to 562.0 million kroons (35.9 million euros), in 2008 the relevant figure was 853.8 million kroons (54.6 million euros). The key financials Continuing operations -------------------------------------------------------------------------------- | | 2009 | 2008 | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue (kroons, millions) | 1,701.3 | 2,467.8 | -31.1% | -------------------------------------------------------------------------------- | EBITDA(kroons, millions) | 7.5 | 354.1 | -97.9% | -------------------------------------------------------------------------------- | Operating loss(kroons, millions) | -338.5 | -113.0 | | -------------------------------------------------------------------------------- | Net loss (kroons, millions) | -335.2 | -184.3 | | -------------------------------------------------------------------------------- | EBITDA margin | 0.4% | 14.3% | | -------------------------------------------------------------------------------- | Operating margin | -19.9% | -4.6% | | -------------------------------------------------------------------------------- | Net margin | -19.7% | -7.5% | | -------------------------------------------------------------------------------- | Equity ratio | 72.7% | 76.7% | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Number of casinos at end of | 67 | 109 | -42 | | period | | | | -------------------------------------------------------------------------------- | Total area of casinos at end of | 25,745 | 31,989 | -6,244 | | period (in square metres) | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Number of slots at end of period | 2,388 | 4,163 | -1,775 | -------------------------------------------------------------------------------- | Number of game tables at end of | 186 | 193 | -7 | | 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) | 31 Dec 2009 | 31 Dec 2008 | -------------------------------------------------------------------------------- | Current assets | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 344,947 | 315,919 | -------------------------------------------------------------------------------- | Trade receivables | 5,473 | 6,507 | -------------------------------------------------------------------------------- | Other receivables and prepayments | 66,933 | 86,174 | -------------------------------------------------------------------------------- | Prepaid income tax | 23,962 | 20,464 | -------------------------------------------------------------------------------- | Inventories | 14,211 | 29,576 | -------------------------------------------------------------------------------- | Assets held for sale | 17,833 | 0 | -------------------------------------------------------------------------------- | Total current assets | 473,359 | 458,640 | -------------------------------------------------------------------------------- | Non-current assets | | | -------------------------------------------------------------------------------- | Deferred tax assets | 21,404 | 16,847 | -------------------------------------------------------------------------------- | Other financial investments | 61,405 | 15,930 | -------------------------------------------------------------------------------- | Other long-term receivables | 11,807 | 45,292 | -------------------------------------------------------------------------------- | Investment property | 23,658 | 45,330 | -------------------------------------------------------------------------------- | Property, plant and equipment | 733,980 | 1,313,076 | -------------------------------------------------------------------------------- | Intangible assets | 450,568 | 508,459 | -------------------------------------------------------------------------------- | Total non-current assets | 1,302,822 | 1,944,934 | -------------------------------------------------------------------------------- | TOTAL ASSETS | 1,776,181 | 2,403,574 | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | LIABILITIES AND EQUITY | | | -------------------------------------------------------------------------------- | (In thousands of Estonian kroons) | 31 Dec 2009 | 31 Dec 2008 | -------------------------------------------------------------------------------- | LIABILITIES | | | -------------------------------------------------------------------------------- | Current liabilities | | | -------------------------------------------------------------------------------- | Interest-bearing loans and borrowings | 88,145 | 82,802 | -------------------------------------------------------------------------------- | Customer advances | 16,252 | 16,041 | -------------------------------------------------------------------------------- | Trade payables | 27,511 | 70,101 | -------------------------------------------------------------------------------- | Other payables | 2,895 | 9,273 | -------------------------------------------------------------------------------- | Income tax liability | 298 | 1,249 | -------------------------------------------------------------------------------- | Other tax liabilities | 48,695 | 87,156 | -------------------------------------------------------------------------------- | Other accrued payables | 56,570 | 73,879 | -------------------------------------------------------------------------------- | Provisions | 17,948 | 12,797 | -------------------------------------------------------------------------------- | Total current liabilities | 258,314 | 353,298 | -------------------------------------------------------------------------------- | Non-current liabilities | | | -------------------------------------------------------------------------------- | Deferred tax liability | 5,841 | 10,924 | -------------------------------------------------------------------------------- | Interest-bearing loans and borrowings | 221,031 | 194,968 | -------------------------------------------------------------------------------- | Total non-current liabilities | 226,872 | 205,892 | -------------------------------------------------------------------------------- | Total liabilities | 485,186 | 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 | 401 | 35,407 | -------------------------------------------------------------------------------- | Retained earnings | -548,206 | -31,989 | -------------------------------------------------------------------------------- | Total equity attributable to equity holders | 1,227,227 | 1,778,450 | | of the parent | | | -------------------------------------------------------------------------------- | Minority interest | 63,768 | 65,934 | -------------------------------------------------------------------------------- | Total equity | 1,290,995 | 1,844,384 | -------------------------------------------------------------------------------- | TOTAL LIABILITIES AND EQUITY | 1,776,181 | 2,403,574 | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | CONSOLIDATED STATEMENT OF FINANCIAL POSITION | | -------------------------------------------------------------------------------- | ASSETS | | | -------------------------------------------------------------------------------- | (In thousands of euro) | 31 Dec 2009 | 31 Dec 2008 | -------------------------------------------------------------------------------- | Current assets | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 22,046 | 20,191 | -------------------------------------------------------------------------------- | Trade receivables | 350 | 416 | -------------------------------------------------------------------------------- | Other receivables and prepayments | 4,278 | 5,508 | -------------------------------------------------------------------------------- | Prepaid income tax | 1,531 | 1,308 | -------------------------------------------------------------------------------- | Inventories | 908 | 1,890 | -------------------------------------------------------------------------------- | Assets held for sale | 1,140 | 0 | -------------------------------------------------------------------------------- | Total current assets | 30,253 | 29,312 | -------------------------------------------------------------------------------- | Non-current assets | | | -------------------------------------------------------------------------------- | Deferred tax assets | 1,368 | 1,077 | -------------------------------------------------------------------------------- | Other financial investments | 3,924 | 1,018 | -------------------------------------------------------------------------------- | Other long-term receivables | 755 | 2,895 | -------------------------------------------------------------------------------- | Investment property | 1,512 | 2,897 | -------------------------------------------------------------------------------- | Property, plant and equipment | 46,910 | 83,921 | -------------------------------------------------------------------------------- | Intangible assets | 28,797 | 32,496 | -------------------------------------------------------------------------------- | Total non-current assets | 83,266 | 124,304 | -------------------------------------------------------------------------------- | TOTAL ASSETS | 113,519 | 153,616 | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | LIABILITIES AND EQUITY | | | -------------------------------------------------------------------------------- | (In thousands of euro) | 31 Dec 2009 | 31 Dec 2008 | -------------------------------------------------------------------------------- | LIABILITIES | | | -------------------------------------------------------------------------------- | Current liabilities | | | -------------------------------------------------------------------------------- | Interest-bearing loans and borrowings | 5,633 | 5,292 | -------------------------------------------------------------------------------- | Customer advances | 1,039 | 1,025 | -------------------------------------------------------------------------------- | Trade payables | 1,758 | 4,480 | -------------------------------------------------------------------------------- | Other payables | 185 | 593 | -------------------------------------------------------------------------------- | Income tax liability | 19 | 80 | -------------------------------------------------------------------------------- | Other tax liabilities | 3,112 | 5,570 | -------------------------------------------------------------------------------- | Other accrued payables | 3,615 | 4,722 | -------------------------------------------------------------------------------- | Provisions | 1,147 | 818 | -------------------------------------------------------------------------------- | Total current liabilities | 16,509 | 22,580 | -------------------------------------------------------------------------------- | Non-current liabilities | | | -------------------------------------------------------------------------------- | Deferred tax liability | 373 | 698 | -------------------------------------------------------------------------------- | Interest-bearing loans and borrowings | 14,126 | 12,461 | -------------------------------------------------------------------------------- | Total non-current liabilities | 14,500 | 13,159 | -------------------------------------------------------------------------------- | Total liabilities | 31,009 | 35,739 | -------------------------------------------------------------------------------- | EQUITY | | | -------------------------------------------------------------------------------- | Share capital | 96,507 | 96,507 | -------------------------------------------------------------------------------- | Share premium | 14,525 | 14,525 | -------------------------------------------------------------------------------- | Statutory capital reserve | 2,413 | 2,413 | -------------------------------------------------------------------------------- | Translation reserves | 26 | 2,263 | -------------------------------------------------------------------------------- | Retained earnings | -35,037 | -2,044 | -------------------------------------------------------------------------------- | Total equity attributable to equity holders | 78,434 | 113,664 | | of the parent | | | -------------------------------------------------------------------------------- | Minority interest | 4,076 | 4,214 | -------------------------------------------------------------------------------- | Total equity | 82,510 | 117,878 | -------------------------------------------------------------------------------- | TOTAL LIABILITIES AND EQUITY | 113,519 | 153,616 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CONSOLIDATED STATEMENT OF COMPREHENSIVE | | | | | INCOME | | | | -------------------------------------------------------------------------------- | (In thousands of Estonian | Q4 2009 | Q4 2008 | 2009 | 2008 | | kroons) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Continuing operations | | | | | -------------------------------------------------------------------------------- | Revenue | | | | | -------------------------------------------------------------------------------- | Sales revenue | 419,262 | 634,063 | 1,691,208 | 2,454,271 | -------------------------------------------------------------------------------- | Other income | 3,051 | 3,615 | 10,115 | 13,563 | -------------------------------------------------------------------------------- | Total revenue | 422,313 | 637,678 | 1,701,323 | 2,467,834 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Expenses | | | | | -------------------------------------------------------------------------------- | Cost of materials, goods and | -14,090 | -13,667 | -52,037 | -54,661 | | services used | | | | | -------------------------------------------------------------------------------- | Other operating expenses | -250,915 | -390,639 | -991,435 | -1,264,79 | | | | | | 8 | -------------------------------------------------------------------------------- | Labour costs | -116,561 | -195,530 | -531,454 | -765,163 | -------------------------------------------------------------------------------- | Depreciation, amortisation | -84,476 | -226,470 | -325,636 | -454,053 | | and impairment | | | | | -------------------------------------------------------------------------------- | Impairment of investment | -19,402 | -13,032 | -19,402 | -13,032 | | property | | | | | -------------------------------------------------------------------------------- | Other expenses | -53,072 | -7,465 | -119,900 | -31,684 | -------------------------------------------------------------------------------- | Total expenses | -538,516 | -846,803 | -2,039,86 | -2,583,39 | | | | | 4 | 1 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Operating profit (loss) | -116,203 | -209,125 | -338,541 | -115,557 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Financial income and | | | | | | expenses | | | | | -------------------------------------------------------------------------------- | Interest income | 2,096 | 2,656 | 9,006 | 11,182 | -------------------------------------------------------------------------------- | Interest expense | -4,325 | -5,741 | -19,497 | -10,601 | -------------------------------------------------------------------------------- | Foreign exchange gain | 282 | -75,532 | 3,177 | -71,793 | | (losses) | | | | | -------------------------------------------------------------------------------- | Other financial income and | -66 | 0 | -258 | 193 | | expenses | | | | | -------------------------------------------------------------------------------- | Net financing income and | -2,013 | -78,617 | -7,572 | -71,019 | | expenses | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit (loss) before tax | -118,216 | -287,742 | -346,113 | -186,576 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Income tax expense | 9,157 | 21,801 | 10,866 | 2,435 | -------------------------------------------------------------------------------- | Profit (loss) for the period | -109,059 | -265,941 | -335,247 | -184,141 | | from continuing operations | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit (loss) for the period | 31,774 | -292,090 | -182,744 | -270,473 | | from discontinued operations | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | PROFIT (LOSS) FOR THE PERIOD | -77,285 | -558,031 | -517,991 | -454,614 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Other comprehensive income | | | | | -------------------------------------------------------------------------------- | Translation reserve | | | | | -------------------------------------------------------------------------------- | continuing operations | 5,990 | 7,802 | -14,390 | 6,251 | -------------------------------------------------------------------------------- | discontinued operations | -29,217 | 50,334 | -20,616 | 30,499 | -------------------------------------------------------------------------------- | Other comprehensive income | -23,227 | 58,136 | -35,006 | 36,750 | | for the period | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Total comprehensive income | -100,512 | -499,895 | -552,997 | -417,864 | | for the period | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit (loss) for the period | | | | | attributable to | | | | -------------------------------------------------------------------------------- | Minority interest | -1510 | 79 | -2,166 | 4,613 | -------------------------------------------------------------------------------- | Equity holders of the parent | | | | | -------------------------------------------------------------------------------- | continuing operations | -107,549 | -266,020 | -333,081 | -188,754 | -------------------------------------------------------------------------------- | discontinued operations | 31,774 | -292,090 | -182,744 | -270,473 | -------------------------------------------------------------------------------- | | -77,285 | -558,031 | -517,991 | -454,614 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Total comprehensive income | | | | | | attributable to | | | | | -------------------------------------------------------------------------------- | Minority interest | -1,510 | 79 | -2,166 | 4,613 | -------------------------------------------------------------------------------- | Equity holders of the parent | | | | | -------------------------------------------------------------------------------- | continuing operations | -101,559 | -258,218 | -347,471 | -182,503 | -------------------------------------------------------------------------------- | discontinued operations | 2,557 | -241,756 | -203,360 | -239,974 | -------------------------------------------------------------------------------- | | -100,512 | -499,895 | -552,997 | -417,864 | -------------------------------------------------------------------------------- | Continuing operations | | | | | -------------------------------------------------------------------------------- | Basic earnings per share | -0.71 | -1.76 | -2.21 | -1.25 | | (EEK) | | | | | -------------------------------------------------------------------------------- | Diluted earnings per share | -0.71 | -1.76 | -2.21 | -1.25 | | (EEK) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Discontinued operations | | | | | -------------------------------------------------------------------------------- | Basic earnings per share | 0.21 | -1.93 | -1.21 | -1.79 | | (EEK) | | | | | -------------------------------------------------------------------------------- | Diluted earnings per share | 0.21 | -1.93 | -1.21 | -1.79 | | (EEK) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | CONSOLIDATED STATEMENT OF COMPREHENSIVE | | | | | INCOME | | | | -------------------------------------------------------------------------------- | (In thousands of euro) | Q4 2009 | Q4 2008 | 2009 | 2008 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Continuing operations | | | | | -------------------------------------------------------------------------------- | Revenue | | | | | -------------------------------------------------------------------------------- | Sales revenue | 26,796 | 40,524 | 108,088 | 156,857 | -------------------------------------------------------------------------------- | Other income | 195 | 231 | 646 | 867 | -------------------------------------------------------------------------------- | Total revenue | 26,991 | 40,755 | 108,734 | 157,723 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Expenses | | | | | -------------------------------------------------------------------------------- | Cost of materials, goods and | -901 | -873 | -3,326 | -3,493 | | services used | | | | | -------------------------------------------------------------------------------- | Other operating expenses | -16,036 | -24,966 | -63,364 | -80,835 | -------------------------------------------------------------------------------- | Labour costs | -7,450 | -12,497 | -33,966 | -48,903 | -------------------------------------------------------------------------------- | Depreciation, amortisation | -5,399 | -14,474 | -20,812 | -29,019 | | and impairment | | | | | -------------------------------------------------------------------------------- | Impairment of investment | -1,240 | -833 | -1,240 | -833 | | property | | | | | -------------------------------------------------------------------------------- | Other expenses | -3,392 | -477 | -7,663 | -2,025 | -------------------------------------------------------------------------------- | Total expenses | -34,417 | -54,121 | -130,371 | -165,109 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Operating profit (loss) | -7,427 | -13,366 | -21,637 | -7,385 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Financial income and | | | | | | expenses | | | | | -------------------------------------------------------------------------------- | Interest income | 134 | 170 | 576 | 715 | -------------------------------------------------------------------------------- | Interest expense | -276 | -367 | -1,246 | -678 | -------------------------------------------------------------------------------- | Foreign exchange gain | 18 | -4,827 | 203 | -4,588 | | (losses) | | | | | -------------------------------------------------------------------------------- | Other financial income and | -4 | 0 | -16 | 12 | | expenses | | | | | -------------------------------------------------------------------------------- | Net financing income and | -129 | -5,024 | -483 | -4,539 | | expenses | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit (loss) before tax | -7,555 | -18,390 | -22,121 | -11,924 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Income tax expense | 585 | 1,393 | 694 | 156 | -------------------------------------------------------------------------------- | Profit (loss) for the period | -6,970 | -16,997 | -21,426 | -11,769 | | from continuing operations | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit (loss) for the period | 2,031 | -18,668 | -11,679 | -17,286 | | from discontinued operations | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | PROFIT (LOSS) FOR THE PERIOD | -4,939 | -35,665 | -33,105 | -29,055 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Other comprehensive income | | | | | -------------------------------------------------------------------------------- | Translation reserve | | | | | -------------------------------------------------------------------------------- | continuing operations | 383 | 499 | -920 | 400 | -------------------------------------------------------------------------------- | discontinued operations | -1,867 | 3,217 | -1,318 | 1,949 | -------------------------------------------------------------------------------- | Other comprehensive income | -1,484 | 3,716 | -2,237 | 2,349 | | for the period | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Total comprehensive income | -6,424 | -31,949 | -35,342 | -26,706 | | for the period | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit (loss) for the period | | | | | attributable to | | | | -------------------------------------------------------------------------------- | Minority interest | -97 | 5 | -138 | 295 | -------------------------------------------------------------------------------- | Equity holders of the parent | | | | | -------------------------------------------------------------------------------- | continuing operations | -6,874 | -17,002 | -21,288 | -12,064 | -------------------------------------------------------------------------------- | discontinued operations | 2,031 | -18,668 | -11,679 | -17,286 | -------------------------------------------------------------------------------- | | -4,939 | -35,665 | -33,106 | -29,055 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Total comprehensive income attributable | | | | | to | | | | -------------------------------------------------------------------------------- | Minority interest | -97 | 5 | -138 | 295 | -------------------------------------------------------------------------------- | Equity holders of the parent | | | | | -------------------------------------------------------------------------------- | continuing operations | -6,491 | -16,503 | -22,207 | -11,664 | -------------------------------------------------------------------------------- | discontinued operations | 163 | -15,451 | -12,997 | -15,337 | -------------------------------------------------------------------------------- | | -6,424 | -31,949 | -35,342 | -26,706 | -------------------------------------------------------------------------------- | Continuing operations | | | | | -------------------------------------------------------------------------------- | Basic earnings per share (€) | -0.05 | -0.11 | -0.14 | -0.08 | -------------------------------------------------------------------------------- | Diluted earnings per share | -0.05 | -0.11 | -0.14 | -0.08 | | (€) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Discontinued operations | | | | | -------------------------------------------------------------------------------- | Basic earnings per share (€) | 0.01 | -0.12 | -0.08 | -0.11 | -------------------------------------------------------------------------------- | Diluted earnings per share | 0.01 | -0.12 | -0.08 | -0.11 | | (€) | | | | | -------------------------------------------------------------------------------- Further information: Kristi Ojakäär CFO Olympic Entertainment Group AS Tel + 372 667 1250 E-post: kristi.ojakaar@oc.eu http://www.olympic-casino.com