BLAGOEVGRAD BT AD
CASH FLOW STATEMENT
for the year ended 31 December 2006
	Notes		Issued share capital		Statutory reserve		Revaluation reserve		Retained earnings		Total equity
			BGN'000		BGN'000		BGN'000		BGN'000		BGN'000
Balance at 31 December 2004			2 703		33 276		39 313		100 652		175 944
Distribution of profit for:			-		-		-		(7 964)		(7 964)
* dividends			-		-		-		(7 964)		(7 964)
* tantiemes			-		-		-		-		-
Net profit fro the year			-		-		-		31 033		31 033
Other changes			-		-		(9 410)		2 756		(6 654)
*impairment of revalued assets on the account of revaluation reserve			-		-		(7 723)		-		(7 723)
*revaluation of assets			-		-		1 069		-		1 069
*transfer to profits and losses reserve on disposal (depreciation) of property, plant and equipment			-		-		(2 756)		2 756		-
Deffered tax effect			-		-		998		-		998
Balance at 31 December 2005	23		2 703		33 276		30 901		126 477		193 357	-
Distribution of profits for dividends:			-		3 103		-		(15 689)		(12 586)
* dividends			-		-		-		(12 586)		(12 586)
* reserves			-		3 103		-		(3 103)		-
Net profit for the year			-		-		-		7 916		7 916
Other changes			-		-		(6 549)		883		(5 666)
*impairment of revalued assets on the account of revaluation reserve			-		-		(5 666)		-		(5 666)
*impairment of assets											-
*transfer to profits and losses reserve on disposal (depreciation) of property, plant and equipment			-		-		(883)		883		-
Deffered tax effect			-		-		2 330		16		2 346
Balance at 31 December 2006	23		2 703		36 379		26 682		119 603		185 367	-
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.