Bulgarian Energy Holding SPJSC - Sofia

	12.2005
ASSETS	1 194 501
A. Fixed Assets	558 153
I. Tangible assets	507 692
1. Land	1 764
2. Buildings	25 716
3. Machinery	67 860
4. Equipment	387 565
5. Vehicles	2 532
6. Herds
7. Others	1 150
8. Cost of self-constructed or liquidated tangible fixed assets	21 105
II. Intangible assets	1 614
1. Intellectual Property Rights	482
2. Software	665
3. Research and development costs	158
4. Other intangible fixed assets	309
III. Long-term Financial Assets	48 836
1. Shareholdings, incl:	5 535
2. Investment property
2. Other long-term securities
4. Long-term receivables, incl.	43 301
IV. Goodwill
1. Positive Goodwill
2. Negative Goodwill
V. Deferred Expenses	11
VI. Deferred tax assets
B. Current Assets	636 348
I. Inventory	234 448
1. Raw materials	19 640
2. Finished products	66
3. Goods for sale	214 330
4. Young and Fattening Livestock
5. Small animals
6. Work in progress	390
7. Other inventory	22
II. Short-term receivables	238 646
1. Receivables from related parties
2. Receivables from customers and suppliers	227 743
3. Trade credits granted
4. Legal and award receivables
5. Refundable taxes	10 692
6. Other short-term receivables	211
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	163 160
1. Cash in hand	248
2. Cash at banks	156 218
3. Restricted cash	6 687
4. Cash equivalents	7
V. Deferred expenses	94
C. Contingent Assets
LIABILITIES	1 194 501
A. Shareholders' Equity	1 110 621
I. Fixed capital	825 311
1. Subscribed capital	825 311
2. Unpaid capital
3. Company shares purchased back
II. Reserves	252 550
1. Issue premiums
2. Revaluation reserve	186 986
3. Specific reserves incl:	65 564
III. Financial result	32 760
1. Accumulated Profit (Loss)	-78 528
2. Current Profit	111 288
3. Current Loss
B. Long-term Liabilities	12 525
I. Long-term Liabilities	12 525
1. Amounts payable to related parties
2. Amounts payable to financial institutions
3. Debts on trade loans
3. Debts on bond loans
4. Deferred taxes	11 043
5. Other long-term liabilities	1 482
II. Deferred Income
III. Deferred tax liabilities
C. Short-term liabilities	71 355
I. Current liabilities	68 912
1. Payables to related parties
2. Payables to financial institutions	7 084
3. Payables to suppliers and customers	48 435
4. Trade credits received
5. Payables to personnel	632
6. Social security payables	217
7. Tax liabilities	3 338
8. Other current liabilities	3 332
9. Provisions	5 874
II. Deferred Income	2 443
D. Contingent Liabilities