Bulgarian Energy Holding SPJSC - Sofia

	12.2003
ASSETS	1 096 517
A. Fixed Assets	562 875
I. Tangible assets	560 597
1. Land	1 448
2. Buildings	22 144
3. Machinery	84 587
4. Equipment	420 981
5. Vehicles	2 406
6. Herds
7. Others	2 169
8. Cost of self-constructed or liquidated tangible fixed assets	26 862
II. Intangible assets	1 803
1. Intellectual Property Rights	307
2. Software	755
3. Research and development costs	303
4. Other intangible fixed assets	438
III. Long-term Financial Assets	113
1. Shareholdings, incl:	113
2. Investment property
2. Other long-term securities
4. Long-term receivables, incl.
IV. Goodwill
1. Positive Goodwill
2. Negative Goodwill
V. Deferred Expenses	362
VI. Deferred tax assets
B. Current Assets	533 642
I. Inventory	162 107
1. Raw materials	16 740
2. Finished products	90
3. Goods for sale	144 861
4. Young and Fattening Livestock
5. Small animals
6. Work in progress	416
7. Other inventory
II. Short-term receivables	295 437
1. Receivables from related parties
2. Receivables from customers and suppliers	223 775
3. Trade credits granted
4. Legal and award receivables	61 805
5. Refundable taxes	171
6. Other short-term receivables	9 686
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	75 296
1. Cash in hand	159
2. Cash at banks	73 615
3. Restricted cash	1 419
4. Cash equivalents	103
V. Deferred expenses	802
C. Contingent Assets	7 009
LIABILITIES	1 096 517
A. Shareholders' Equity	1 011 816
I. Fixed capital	645 311
1. Subscribed capital	645 311
2. Unpaid capital
3. Company shares purchased back
II. Reserves	277 379
1. Issue premiums
2. Revaluation reserve	220 249
3. Specific reserves incl:	57 130
III. Financial result	89 126
1. Accumulated Profit (Loss)	2 589
2. Current Profit	86 537
3. Current Loss
B. Long-term Liabilities	19 850
I. Long-term Liabilities	19 850
1. Amounts payable to related parties
2. Amounts payable to financial institutions	19 850
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	64 851
I. Current liabilities	61 632
1. Payables to related parties
2. Payables to financial institutions	13 233
3. Payables to suppliers and customers	12 785
4. Trade credits received
5. Payables to personnel	918
6. Social security payables	336
7. Tax liabilities	26 527
8. Other current liabilities	5 618
9. Provisions	2 215
II. Deferred Income	3 219
D. Contingent Liabilities	7 009