| BLAGOEVGRAD BT AD | ||||||||
| BALANCE SHEET as at 31 December 2006 | ||||||||
| Notes | 31 Dec 2006 | 31 Dec 2005 | ||||||
| BGN '000 | BGN '000 | |||||||
| ASSETS | ||||||||
| Non-current assets | ||||||||
| Property, plant and equipment | 15 | 104 672 | 111 019 | (6 347) | ||||
| Intangible assets | 16 | 1 451 | 1 370 | 81 | ||||
| Investments available-for-sale | 17 | 160 | 160 | - | ||||
| 106 283 | 112 549 | (6 266) | ||||||
| - | ||||||||
| Current assets | - | |||||||
| Inventories | 18 | 91 050 | 76 882 | 14 168 | ||||
| Trade receivables | 19 | 4 018 | 25 194 | (21 176) | ||||
| Receivables from related parties | 20 | 1 301 | 10 006 | (8 705) | ||||
| Other current assets | 21 | 3 877 | 683 | 3 194 | ||||
| Cash and cash equivalents | 22 | 62 012 | 43 782 | 18 230 | ||||
| 162 258 | 156 547 | 5 711 | ||||||
| - | ||||||||
| TOTAL ASSETS | 268 541 | 269 096 | (555) | |||||
| - | ||||||||
| EQUITY AND LIABILITIES | - | |||||||
| - | ||||||||
| EQUITY | - | |||||||
| Share capital | 2 703 | 2 703 | - | |||||
| Reserves | 63 061 | 64 177 | (1 116) | |||||
| Retained earnings | 119 603 | 126 477 | (6 874) | |||||
| 23 | 185 367 | 193 357 | (7 990) | |||||
| - | ||||||||
| LIABILITIES | - | |||||||
| - | ||||||||
| Non-current liabilities | - | |||||||
| Long-term bank loans | 24 | - | 8 483 | (8 483) | ||||
| Long-term payables to suppliers | 25 | 1 161 | 1 698 | (537) | ||||
| Deferred tax liabilities | 26 | 1 937 | 2 546 | (609) | ||||
| Retirement benefit obligations | 27 | 3 363 | 3 144 | 219 | ||||
| Long-term finance lease payables | 28 | - | 46 | (46) | ||||
| 6 461 | 15 917 | (9 456) | ||||||
| - | ||||||||
| Current liabilities | - | |||||||
| Trade payables | 29 | 10 392 [1] | 11 936 | (1 544) | ||||
| Current portion of long-term loans | 24 | - | 9 894 | (9 894) | ||||
| Payables to related parties | 30 | 1 269 | 1 788 | (519) | ||||
| Tax payables | 31 | 57 656 | 29 454 | 28 202 | ||||
| Short-term provisions | 10 | 1 830 | 2 298 | (468) | ||||
| Other current liabilities | 32 | 5 566 [2] | 4 452 | 1 114 | ||||
| 76 713 | 59 822 | 16 891 | ||||||
| - | ||||||||
| TOTAL LIABILITIES | 83 174 | 75 739 | 7 435 | |||||
| - | ||||||||
| TOTAL EQUITY AND LIABILITIES | 268 541 | 269 096 | (555) | |||||
| The accompanying notes on pages 5 to …..form an integral part of these financial statements. | ||||||||
| The financial statements on pages 1 to …. are aproved for issue by the Board of Directors | ||||||||
| and signed on its behalf on 30 March 2007 by: | ||||||||
| 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. | ||||||||