Black Sea Holding JSC - Sofia - Financials

	12.1998
ASSETS	14 693
A. Unpaid Share Subscriptions
B. Fixed Assets	6 914
I. Tangible assets	561
1. Buildings, land, forests and perennials	9
2. Machinery and equipment	42
3. Other tangible assets	476
4. Acquisition of tangible fixed assets	33
II. Intangible assets	12
1. Start up and expansion costs	5
2. Research and development
3. Software	7
4. Patents, licenses, concessions, know-how, trade marks
5. Other intangible assets
III. Long-term investment	5 418
1. Controlling stake	1 915
2. Majority stake	279
3. Minority stake	3 224
4. Investment property
5. Others
IV. Long-term receivables	923
1. Receivables from related companies	923
2. Receivables on granted trade loans
3. Other long-term receivables
V. Goodwill
C. Current Assets	7 779
I. Stocks	14
1. Raw materials	14
2. Finished products
3. Goods
4. Young animals and animals for fattening
5. Work in progress
6. Other current assets
II. Short-term receivables	2 905
1. Receivables from related companies, incl. dividends	5
2. Receivables for sales
3. Advances made
4. Receivables on granted trade loans
5. Legal and award receivables
6. Due taxes	70
7. Other receivables	2 830
III. Short-term investments	626
1. In related companies, incl. shares and bonds	38
2. Other short-term investments	588
IV. Funds	3 441
1. Cash	10
2. Bank accounts	85
3. Frozen funds	3 345
V. Deferred expenditures	794
D. Off Balance Sheet Assets	16
LIABILITIES	14 693
A. Shareholders' Equity	13 476
I. Capital	8 012
1. Fixed capital	8 012
2. Complementary capital
II. Issue bonuses
III. Revaluation reserves	2 838
IV. Reserves	279
1. Legal reserves	229
2. Complementary reserves	50
V. Result from previous periods
1. Undistributed profit
2. Uncovered loss
VI. Result from the period under report	2 347
1. Profit	2 347
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	1 216
I. Payables	1 216
1. Payables, connected with participations	681
2. Payables on received bank loans
3. Payables on received trade loans
4. Payables to deliverers	1
5. Advance payables	252
6. Payables to the budget	261
7. Payables to the staff	12
8. Social security payables	1
9. Other payables	8
II. Deferred Income
D. Financing
1. For fixed assets
2. For current activites
E. Off Balance Sheet Liabilities	16