Zenith Investment Holding JSC - Sofia

	12.1998
ASSETS	331
A. Unpaid Share Subscriptions
B. Fixed Assets	276
I. Tangible assets	41
1. Buildings, land, forests and perennials
2. Machinery and equipment	2
3. Other tangible assets	39
4. Acquisition of tangible fixed assets
II. Intangible assets	6
1. Start up and expansion costs	6
2. Research and development
3. Software
4. Patents, licenses, concessions, know-how, trade marks
5. Other intangible assets
III. Long-term investment	158
1. Controlling stake
2. Majority stake	42
3. Minority stake	109
4. Investment property
5. Others	7
IV. Long-term receivables	72
1. Receivables from related companies	72
2. Receivables on granted trade loans
3. Other long-term receivables
V. Goodwill
C. Current Assets	55
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	29
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	29
III. Short-term investments
1. In related companies, incl. shares and bonds
2. Other short-term investments
IV. Funds	23
1. Cash
2. Bank accounts	23
3. Frozen funds
V. Deferred expenditures	3
D. Off Balance Sheet Assets	29
LIABILITIES	331
A. Shareholders' Equity	261
I. Capital	124
1. Fixed capital	124
2. Complementary capital
II. Issue bonuses
III. Revaluation reserves	125
IV. Reserves	16
1. Legal reserves
2. Complementary reserves	16
V. Result from previous periods	12
1. Undistributed profit	12
2. Uncovered loss
VI. Result from the period under report	-15
1. Profit
2. Loss	-15
B. Liabilities	13
I. Long-term debts	13
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	13
II. Deferred Income
1. Negative Goodwill
2. Other deferred income
C. Short-term liabilities	57
I. Payables	57
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	57
II. Deferred Income
D. Financing
1. For fixed assets
2. For current activites
E. Off Balance Sheet Liabilities	29