Zenith Investment Holding JSC - Sofia

	12.1997
ASSETS	276
A. Unpaid Share Subscriptions
B. Fixed Assets	111
I. Tangible assets	4
1. Buildings, land, forests and perennials
2. Machinery and equipment
3. Other tangible assets	4
4. Acquisition of tangible fixed assets
II. Intangible assets	8
1. Start up and expansion costs	8
2. Research and development
3. Software
4. Patents, licenses, concessions, know-how, trade marks
5. Other intangible assets
III. Long-term investment	99
1. Controlling stake
2. Majority stake
3. Minority stake	95
4. Investment property
5. Others	4
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	165
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	14
1. Receivables from related companies, incl. dividends
2. Receivables for sales
3. Advances made
4. Receivables on granted trade loans
5. Legal and award receivables
6. Due taxes
7. Other receivables	14
III. Short-term investments	12
1. In related companies, incl. shares and bonds
2. Other short-term investments	12
IV. Funds	138
1. Cash
2. Bank accounts	138
3. Frozen funds
V. Deferred expenditures	1
D. Off Balance Sheet Assets	12
LIABILITIES	276
A. Shareholders' Equity	237
I. Capital	124
1. Fixed capital	124
2. Complementary capital
II. Issue bonuses
III. Revaluation reserves
IV. Reserves	1
1. Legal reserves	1
2. Complementary reserves
V. Result from previous periods
1. Undistributed profit
2. Uncovered loss
VI. Result from the period under report	112
1. Profit	112
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	39
I. Payables	39
1. Payables, connected with participations
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
8. Social security payables
9. Other payables	39
II. Deferred Income
D. Financing
1. For fixed assets
2. For current activites
E. Off Balance Sheet Liabilities	12