Bulgarian Energy Holding SPJSC - Sofia

	12.1998
ASSETS	697 969
A. Unpaid Share Subscriptions
B. Fixed Assets	138 147
I. Tangible assets	137 834
1. Buildings, land, forests and perennials	3 929
2. Machinery and equipment	71 981
3. Other tangible assets	3 530
4. Acquisition of tangible fixed assets	58 394
II. Intangible assets	209
1. Start up and expansion costs
2. Research and development	170
3. Software	38
4. Patents, licenses, concessions, know-how, trade marks
5. Other intangible assets
III. Long-term investment	105
1. Controlling stake
2. Majority stake	105
3. Minority stake
4. Investment property
5. Others
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	559 822
I. Stocks	68 779
1. Raw materials	5 200
2. Finished products	5
3. Goods	63 446
4. Young animals and animals for fattening
5. Work in progress	127
6. Other current assets
II. Short-term receivables	364 533
1. Receivables from related companies, incl. dividends
2. Receivables for sales	321 080
3. Advances made	31 734
4. Receivables on granted trade loans
5. Legal and award receivables	553
6. Due taxes	10 486
7. Other receivables	680
III. Short-term investments
1. In related companies, incl. shares and bonds
2. Other short-term investments
IV. Funds	74 452
1. Cash	184
2. Bank accounts	74 093
3. Frozen funds	175
V. Deferred expenditures	52 058
D. Off Balance Sheet Assets	285
LIABILITIES	697 969
A. Shareholders' Equity	120 119
I. Capital	18 378
1. Fixed capital	18 364
2. Complementary capital	13
II. Issue bonuses
III. Revaluation reserves	29 840
IV. Reserves	66 678
1. Legal reserves	374
2. Complementary reserves	66 304
V. Result from previous periods	562
1. Undistributed profit	562
2. Uncovered loss
VI. Result from the period under report	4 662
1. Profit	4 662
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	577 850
I. Payables	577 850
1. Payables, connected with participations	12
2. Payables on received bank loans
3. Payables on received trade loans	268
4. Payables to deliverers	278
5. Advance payables	14 113
6. Payables to the budget	559 191
7. Payables to the staff	1
8. Social security payables	25
9. Other payables	3 961
II. Deferred Income
D. Financing
1. For fixed assets
2. For current activites
E. Off Balance Sheet Liabilities	285