|
| In BGN
|
1999
|
|
OPERATING ACTIVITIES
|
|
|
Gross excess of revenue over expenditure
|
469,042
|
|
Adjustments for:
|
|
|
Depreciation
|
52,322
|
|
Foreign exchange loss from revaluation assets and
liabilities denominated in foreign currency
|
(34,556)
|
|
Increase/ (decrease) of provisions
|
20,873
|
|
Cash flow from operating activities before
changes in working capital
|
507,681
|
|
(Increase)/ decrease in assets from operating
activities
|
(642,482)
|
|
Increase/ (decrease) liabilities from operating
activities
|
1,035,805
|
|
Cash flows from operating activities
|
901,004
|
|
INVESTING ACTIVITIES
|
|
|
Purchase of tangible fixed assets
|
(473,411)
|
|
Net cash used in investing activities
|
(473,411)
|
|
Net increase in cash and cash equivalents
|
427,593
|
|
Cash and cash equivalents at beginning of year
|
1,153,411
|
|
Cash and cash equivalents at end of year
|
1,581,004
|
A comparative cashflow statement for the year ended 31 December
1998 is not presented due to the fact that the financial statements
for the period ended 31 December 1997 have not been audited by KPMG
Bulgaria.
|
