National Electricity Company SPJSC - Sofia

	12.1998
ASSETS	2 907 835
A. Unpaid Share Subscriptions
B. Fixed Assets	2 142 993
I. Tangible assets	2 130 450
1. Buildings, land, forests and perennials	424 933
2. Machinery and equipment	986 897
3. Other tangible assets	21 894
4. Acquisition of tangible fixed assets	696 727
II. Intangible assets	5 621
1. Start up and expansion costs
2. Research and development	1 532
3. Software	1 451
4. Patents, licenses, concessions, know-how, trade marks	11
5. Other intangible assets	2 627
III. Long-term investment	6 923
1. Controlling stake	68
2. Majority stake	1 560
3. Minority stake	446
4. Investment property
5. Others	4 849
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	764 842
I. Stocks	326 006
1. Raw materials	211 255
2. Finished products	217
3. Goods	392
4. Young animals and animals for fattening	199
5. Work in progress	113 827
6. Other current assets	116
II. Short-term receivables	383 456
1. Receivables from related companies, incl. dividends
2. Receivables for sales	251 505
3. Advances made	50 647
4. Receivables on granted trade loans
5. Legal and award receivables	11 739
6. Due taxes	47 117
7. Other receivables	22 448
III. Short-term investments
1. In related companies, incl. shares and bonds
2. Other short-term investments
IV. Funds	32 406
1. Cash	643
2. Bank accounts	31 644
3. Frozen funds	119
V. Deferred expenditures	22 974
D. Off Balance Sheet Assets	26 702
LIABILITIES	2 907 835
A. Shareholders' Equity	2 448 109
I. Capital	123 072
1. Fixed capital	123 072
2. Complementary capital
II. Issue bonuses
III. Revaluation reserves	498 352
IV. Reserves	1 647 719
1. Legal reserves	13 914
2. Complementary reserves	1 633 805
V. Result from previous periods
1. Undistributed profit
2. Uncovered loss
VI. Result from the period under report	178 967
1. Profit	178 967
2. Loss
B. Liabilities	133 806
I. Long-term debts	133 806
1. Debts to related companies
2. Debts on received bank loans	133 806
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	222 720
I. Payables	222 707
1. Payables, connected with participations	1
2. Payables on received bank loans	45 384
3. Payables on received trade loans
4. Payables to deliverers	119 189
5. Advance payables	13 392
6. Payables to the budget	16 491
7. Payables to the staff	7 497
8. Social security payables	7 547
9. Other payables	13 205
II. Deferred Income	12
D. Financing	103 200
1. For fixed assets	101 149
2. For current activites	2 051
E. Off Balance Sheet Liabilities	26 702