Hydraulic Elements & Systems Ðic (HES) JSC - Yambol

	12.1997
ASSETS	4 422
A. Unpaid Share Subscriptions
B. Fixed Assets	1 476
I. Tangible assets	1 475
1. Buildings, land, forests and perennials	264
2. Machinery and equipment	993
3. Other tangible assets	198
4. Acquisition of tangible fixed assets	21
II. Intangible assets	1
1. Start up and expansion costs
2. Research and development
3. Software	1
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	2 946
I. Stocks	1 114
1. Raw materials	752
2. Finished products	236
3. Goods
4. Young animals and animals for fattening
5. Work in progress	84
6. Other current assets	42
II. Short-term receivables	1 413
1. Receivables from related companies, incl. dividends
2. Receivables for sales	863
3. Advances made
4. Receivables on granted trade loans
5. Legal and award receivables	1
6. Due taxes
7. Other receivables	549
III. Short-term investments
1. In related companies, incl. shares and bonds
2. Other short-term investments
IV. Funds	419
1. Cash	3
2. Bank accounts	416
3. Frozen funds
V. Deferred expenditures
D. Off Balance Sheet Assets
LIABILITIES	4 422
A. Shareholders' Equity	2 480
I. Capital	287
1. Fixed capital	262
2. Complementary capital	25
II. Issue bonuses
III. Revaluation reserves
IV. Reserves	1 054
1. Legal reserves	8
2. Complementary reserves	1 046
V. Result from previous periods	48
1. Undistributed profit	48
2. Uncovered loss
VI. Result from the period under report	1 090
1. Profit	1 090
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	1 637
I. Payables	899
1. Payables, connected with participations
2. Payables on received bank loans
3. Payables on received trade loans
4. Payables to deliverers	179
5. Advance payables
6. Payables to the budget	42
7. Payables to the staff	113
8. Social security payables	47
9. Other payables	519
II. Deferred Income	738
D. Financing	304
1. For fixed assets	304
2. For current activites
E. Off Balance Sheet Liabilities