Velgraf Asset Management PLC JSC - Sofia

	12.2011
ASSETS	147 045
A. Fixed Assets	125 825
I. Tangible assets	5 098
1. Land
2. Buildings
3. Machinery	3 912
4. Equipment	261
5. Vehicles	26
6. Herds
7. Others	899
8. Cost of self-constructed or liquidated tangible fixed assets
II. Intangible assets
1. Intellectual Property Rights
2. Software
3. Research and development costs
4. Other intangible fixed assets
III. Long-term Financial Assets	82 960
1. Shareholdings, incl:	910
2. Investment property	61 355
2. Other long-term securities
4. Long-term receivables, incl.	20 695
IV. Goodwill	37 767
1. Positive Goodwill	37 767
2. Negative Goodwill
V. Deferred Expenses
VI. Deferred tax assets
B. Current Assets	21 220
I. Inventory
1. Raw materials
2. Finished products
3. Goods for sale
4. Young and Fattening Livestock
5. Small animals
6. Work in progress
7. Other inventory
II. Short-term receivables	21 034
1. Receivables from related parties	780
2. Receivables from customers and suppliers	16 680
3. Trade credits granted	2 925
4. Legal and award receivables
5. Refundable taxes
6. Other short-term receivables	649
III. Short-term Financial Assets
1. In related parties
2. Own debt securities purchased back
3. Short-term securities
4. Precious and jewellery
5. Other short-term financial assets
IV. Cash	186
1. Cash in hand	186
2. Cash at banks
3. Restricted cash
4. Cash equivalents
V. Deferred expenses
C. Contingent Assets
LIABILITIES	147 045
A. Shareholders' Equity	52 746
I. Fixed capital	52 313
1. Subscribed capital	52 313
2. Unpaid capital
3. Company shares purchased back
II. Reserves	26
1. Issue premiums
2. Revaluation reserve
3. Specific reserves incl:	26
III. Financial result	407
1. Accumulated Profit (Loss)	229
2. Current Profit	178
3. Current Loss
B. Long-term Liabilities	81 987
I. Long-term Liabilities	55 691
1. Amounts payable to related parties
2. Amounts payable to financial institutions	27 873
3. Debts on trade loans	458
3. Debts on bond loans	19 267
4. Deferred taxes
5. Other long-term liabilities	8 093
II. Deferred Income	24 978
III. Deferred tax liabilities	1 318
C. Short-term liabilities	12 312
I. Current liabilities	8 681
1. Payables to related parties	213
2. Payables to financial institutions	4 158
3. Payables to suppliers and customers	3 700
4. Trade credits received
5. Payables to personnel
6. Social security payables
7. Tax liabilities
8. Other current liabilities	610
9. Provisions
II. Deferred Income	3 631
D. Contingent Liabilities