Hydraulic Elements & Systems Ðic (HES) JSC - Yambol

	03.1997
ASSETS	1 599
A. Unpaid Share Subscriptions
B. Fixed Assets	209
I. Tangible assets	209
1. Buildings, land, forests and perennials	134
2. Machinery and equipment	42
3. Other tangible assets	12
4. Acquisition of tangible fixed assets	21
II. Intangible assets
1. Start up and expansion costs
2. Research and development
3. Software
4. Patents, licenses, concessions, know-how, trade marks
5. Other intangible assets
III. Long-term investment
1. Controlling stake
2. Majority stake
3. Minority stake
4. Investment property
5. Others
IV. Long-term receivables
1. Receivables from related companies
2. Receivables on granted trade loans
3. Other long-term receivables
V. Goodwill
C. Current Assets	1 390
I. Stocks	930
1. Raw materials	445
2. Finished products	319
3. Goods	10
4. Young animals and animals for fattening
5. Work in progress	54
6. Other current assets	102
II. Short-term receivables	70
1. Receivables from related companies, incl. dividends
2. Receivables for sales	60
3. Advances made
4. Receivables on granted trade loans
5. Legal and award receivables
6. Due taxes
7. Other receivables	10
III. Short-term investments
1. In related companies, incl. shares and bonds
2. Other short-term investments
IV. Funds	390
1. Cash	15
2. Bank accounts	374
3. Frozen funds
V. Deferred expenditures
D. Off Balance Sheet Assets
LIABILITIES	1 599
A. Shareholders' Equity	674
I. Capital	287
1. Fixed capital	262
2. Complementary capital	25
II. Issue bonuses
III. Revaluation reserves
IV. Reserves	7
1. Legal reserves
2. Complementary reserves	7
V. Result from previous periods	22
1. Undistributed profit	78
2. Uncovered loss	-55
VI. Result from the period under report	357
1. Profit	357
2. Loss
B. Liabilities
I. Long-term debts
1. Debts to related companies
2. Debts on received bank loans
3. Debts on received trade loans
4. Deferred taxes
5. Other long-term payables
II. Deferred Income
1. Negative Goodwill
2. Other deferred income
C. Short-term liabilities	925
I. Payables	620
1. Payables, connected with participations
2. Payables on received bank loans
3. Payables on received trade loans
4. Payables to deliverers	111
5. Advance payables
6. Payables to the budget	257
7. Payables to the staff	87
8. Social security payables	70
9. Other payables	95
II. Deferred Income	305
D. Financing
1. For fixed assets
2. For current activites
E. Off Balance Sheet Liabilities