Bulgarian Energy Holding SPJSC - Sofia

	12.2004
ASSETS	1 220 534
A. Fixed Assets	558 475
I. Tangible assets	556 586
1. Land	1 807
2. Buildings	26 845
3. Machinery	74 011
4. Equipment	403 493
5. Vehicles	2 458
6. Herds
7. Others	1 786
8. Cost of self-constructed or liquidated tangible fixed assets	46 186
II. Intangible assets	1 441
1. Intellectual Property Rights	145
2. Software	717
3. Research and development costs	207
4. Other intangible fixed assets	372
III. Long-term Financial Assets	448
1. Shareholdings, incl:	448
2. Investment property
2. Other long-term securities
4. Long-term receivables, incl.
IV. Goodwill
1. Positive Goodwill
2. Negative Goodwill
V. Deferred Expenses
VI. Deferred tax assets
B. Current Assets	662 059
I. Inventory	266 035
1. Raw materials	17 311
2. Finished products	42
3. Goods for sale	248 241
4. Young and Fattening Livestock	441
5. Small animals
6. Work in progress
7. Other inventory
II. Short-term receivables	275 670
1. Receivables from related parties
2. Receivables from customers and suppliers	201 065
3. Trade credits granted	59 234
4. Legal and award receivables
5. Refundable taxes	10 177
6. Other short-term receivables	5 194
III. Short-term Financial Assets
1. In related parties
2. Own debt securities purchased back
3. Short-term securities
4. Precious and jewellery
5. Other short-term financial assets
IV. Cash	119 765
1. Cash in hand	268
2. Cash at banks	112 975
3. Restricted cash	6 507
4. Cash equivalents	15
V. Deferred expenses	589
C. Contingent Assets	12 885
LIABILITIES	1 220 534
A. Shareholders' Equity	1 167 538
I. Fixed capital	725 311
1. Subscribed capital	725 311
2. Unpaid capital
3. Company shares purchased back
II. Reserves	243 004
1. Issue premiums
2. Revaluation reserve	218 453
3. Specific reserves incl:	24 551
III. Financial result	199 223
1. Accumulated Profit (Loss)	68 904
2. Current Profit	130 319
3. Current Loss
B. Long-term Liabilities	12 270
I. Long-term Liabilities	12 270
1. Amounts payable to related parties
2. Amounts payable to financial institutions	12 270
3. Debts on trade loans
3. Debts on bond loans
4. Deferred taxes
5. Other long-term liabilities
II. Deferred Income
III. Deferred tax liabilities
C. Short-term liabilities	40 726
I. Current liabilities	37 896
1. Payables to related parties
2. Payables to financial institutions	6 135
3. Payables to suppliers and customers	13 587
4. Trade credits received
5. Payables to personnel	680
6. Social security payables	208
7. Tax liabilities	10 353
8. Other current liabilities	2 764
9. Provisions	4 169
II. Deferred Income	2 830
D. Contingent Liabilities	12 885