National Electricity Company SPJSC - Sofia

	12.2003
ASSETS	3 094 039
A. Fixed Assets	2 576 845
I. Tangible assets	2 313 807
1. Land	42 157
2. Buildings	127 532
3. Machinery	515 078
4. Equipment	1 182 575
5. Vehicles	11 712
6. Herds
7. Others	3 875
8. Cost of self-constructed or liquidated tangible fixed assets	430 878
II. Intangible assets	7 448
1. Intellectual Property Rights	1 394
2. Software	5 413
3. Research and development costs
4. Other intangible fixed assets	641
III. Long-term Financial Assets	255 556
1. Shareholdings, incl:	75 569
2. Investment property
2. Other long-term securities
4. Long-term receivables, incl.	179 987
IV. Goodwill
1. Positive Goodwill
2. Negative Goodwill
V. Deferred Expenses	34
VI. Deferred tax assets
B. Current Assets	517 194
I. Inventory	32 487
1. Raw materials	32 148
2. Finished products	167
3. Goods for sale	149
4. Young and Fattening Livestock
5. Small animals
6. Work in progress	23
7. Other inventory
II. Short-term receivables	417 362
1. Receivables from related parties
2. Receivables from customers and suppliers	250 060
3. Trade credits granted	9 524
4. Legal and award receivables	21 522
5. Refundable taxes	47 285
6. Other short-term receivables	88 971
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	65 770
1. Cash in hand	96
2. Cash at banks	60 474
3. Restricted cash	5 200
4. Cash equivalents
V. Deferred expenses	1 575
C. Contingent Assets	183 461
LIABILITIES	3 094 039
A. Shareholders' Equity	2 292 505
I. Fixed capital	463 933
1. Subscribed capital	463 933
2. Unpaid capital
3. Company shares purchased back
II. Reserves	1 792 928
1. Issue premiums
2. Revaluation reserve	1 138 922
3. Specific reserves incl:	654 006
III. Financial result	35 644
1. Accumulated Profit (Loss)	24 164
2. Current Profit	11 480
3. Current Loss
B. Long-term Liabilities	446 873
I. Long-term Liabilities	423 074
1. Amounts payable to related parties
2. Amounts payable to financial institutions	147 163
3. Debts on trade loans
3. Debts on bond loans
4. Deferred taxes	275 647
5. Other long-term liabilities	264
II. Deferred Income	23 799
III. Deferred tax liabilities
C. Short-term liabilities	354 661
I. Current liabilities	324 574
1. Payables to related parties
2. Payables to financial institutions	35 166
3. Payables to suppliers and customers	216 832
4. Trade credits received	1 095
5. Payables to personnel	5 453
6. Social security payables	2 825
7. Tax liabilities	4 244
8. Other current liabilities	56 271
9. Provisions	2 688
II. Deferred Income	30 087
D. Contingent Liabilities	32 087