BLAGOEVGRAD BT AD
INCOME STATEMENT for the year ended 31 December 2006
	Notes		2006		2005
			BGN '000		BGN '000
Revenue	3		159 112		218 853
Cost of goods sold and services rendered	4		(115 401)		(138 430)
			43 711		80 423
Write-down of inventories	5		(4 147)		(8 260)
Production costs below normal capacity	6		(1 885)		(2 237)
Gross profit			37 679		69 926
Other operating income/ (loss)	7		2 543		633
Distribution and selling costs	8		(4 571)		(12 182)
Administrative expenses	9		(10 907)		(9 158)
Other operating expenses	11		(6 607)		(9 491)
Profit from operations			18 137		39 728
Impairment of property, plant and equipment	12		(7 257)		(1 880)
Profit from operations after impairment of property, plant and equipment and intangible assets			10 880		37 848
Financial income/(expenses), net	13		(793)		(1 174)
Profit before income tax			10 087		36 674
Income tax expense	14		(2 171)		(5 641)
Net profit for the year			7 916		31 033
Earnings per share	23	BGN	2.93		11.48
The accompanying notes on pages 5 to ….. form an integral part of these financial statements.
Executive Director:
(Petar Papucharov)
Chief Accountant (preparer):
(Borislava Bacheva)
This is a translation from Bulgarian of the financial statements of Blagoevgrad BT AD for 2006.