Zenith Investment Holding JSC - Sofia

	06.2001
ASSETS	409
A. Unpaid Share Subscriptions
B. Fixed Assets	200
I. Tangible assets	29
1. Buildings, land, forests and perennials
2. Machinery and equipment	8
3. Other tangible assets	21
4. Acquisition of tangible fixed assets
II. Intangible assets	3
1. Start up and expansion costs	3
2. Research and development
3. Software
4. Patents, licenses, concessions, know-how, trade marks
5. Other intangible assets
III. Long-term investment	150
1. Controlling stake	17
2. Majority stake	114
3. Minority stake	12
4. Investment property
5. Others	7
IV. Long-term receivables	18
1. Receivables from related companies	18
2. Receivables on granted trade loans
3. Other long-term receivables
V. Goodwill
C. Current Assets	209
I. Stocks
1. Raw materials
2. Finished products
3. Goods
4. Young animals and animals for fattening
5. Work in progress
6. Other current assets
II. Short-term receivables	19
1. Receivables from related companies, incl. dividends	6
2. Receivables for sales
3. Advances made
4. Receivables on granted trade loans
5. Legal and award receivables
6. Due taxes
7. Other receivables	13
III. Short-term investments
1. In related companies, incl. shares and bonds
2. Other short-term investments
IV. Funds	190
1. Cash	17
2. Bank accounts	23
3. Frozen funds	150
V. Deferred expenditures
D. Off Balance Sheet Assets	13
LIABILITIES	409
A. Shareholders' Equity	380
I. Capital	248
1. Fixed capital	248
2. Complementary capital
II. Issue bonuses	12
III. Revaluation reserves	1
IV. Reserves	92
1. Legal reserves
2. Complementary reserves	92
V. Result from previous periods	3
1. Undistributed profit	3
2. Uncovered loss
VI. Result from the period under report	24
1. Profit	24
2. Loss
B. Liabilities	4
I. Long-term debts	4
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	4
II. Deferred Income
1. Negative Goodwill
2. Other deferred income
C. Short-term liabilities	25
I. Payables	25
1. Payables, connected with participations	20
2. Payables on received bank loans
3. Payables on received trade loans
4. Payables to deliverers
5. Advance payables
6. Payables to the budget
7. Payables to the staff	4
8. Social security payables	1
9. Other payables
II. Deferred Income
D. Financing
1. For fixed assets
2. For current activites
E. Off Balance Sheet Liabilities	13