|
For the year ended 31 December 2002
| In BGN |
|
2002
|
2001
|
| Operating activities |
|
|
|
Gross excess/ (surplus) of revenue over expenditure
|
|
(40,693)
|
299,104
|
| Adjustments for: |
|
|
|
| Depreciation |
|
51,604
|
48,375
|
Foreign exchange gains from revaluation assets and liabilities
denominated in foreign currency
|
|
(38,735)
|
4,709
|
| Taxes accrued |
|
7,151
|
-
|
| Impairment of assets |
|
_________-
|
19,611
|
| |
|
|
|
| Cash flow from operating activities before changes in
working capital |
|
(40,284)
|
371,799
|
| |
|
|
|
| (Increase) / decrease in assets from operating
activities |
|
(846,958)
|
718,763
|
| Increase/ (decrease) liabilities from operating activities |
|
1,107,090
|
(99,084)
|
| Cash flows from operating activities |
|
239,459
|
991,478
|
| |
|
|
|
| Investing activities |
|
|
|
| Purchase of tangible fixed assets |
|
(52,011)
|
(149,731)
|
| |
|
|
|
| Cash flows from investing activities |
|
(52,011)
|
(149,731)
|
| |
|
|
|
| Financing activities |
|
|
|
| Acquisition of other investments |
|
(1,192,054)
|
-
|
| Interest received |
|
22,947
|
_________-
|
| |
|
|
|
| Cash flows from investing activities |
|
(1,169,107)
|
_________-
|
| |
|
|
|
| Net increase in cash and cash equivalents |
|
(981,659)
|
841,747
|
| Cash and cash equivalents at beginning of year |
|
2,386,608
|
1,544,861
|
| Cash and cash equivalents at end of year |
7 |
1,404,949
|
2,386,608
|
The Center ’s financial statements are to be read in conjunction with the notes
to them and
form an integral part of these statements set out on pages 5 to 19.
|
