ELMEC SPORT BULGARIA EOOD

More documents

Recommendations

Info

“Elmec Sport Bulgaria” ЕООDReport and Financial Statements for the year ended 31 December 2008____________________________________________________________________STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2008All amounts are in thousand Bulgarian LevaShare Capital Retained Earnings TotalBalance as at 31 December 2006 3,020 698 3,718Net profit for the year 1,706 1,706Balance as at 31 December 2007 3,020 2,404 5,424Net profit for the year 4,606 4,606Balance as at 31 December 2008 3,020 7,010 10,030Representative:Prepared by:Mihail KatsibirisManagerZoya ShiyakovaChief AccountantThe notes on pages 14 to 22 form an integral part of these financial statements.4
“Elmec Sport Bulgaria” ЕООDReport and Financial Statements for the year ended 31 December 2008____________________________________________________________________CASH FLOW STATEMENT for the year ended 31 December 2008All amounts are in thousand Bulgarian Leva 2008 2007Cash flows from operating activitiesProfit before tax 5,163 1,962Plus adjustments for:Depreciation 216 137Inventory loss 214 553Finance cost 72 74Less adjustments for:Gain from sale of non-current assets (4)Finance income (8)Changes in working capital:(Increase)/decrease of inventories (2,976) (210)Decrease/(increase) of trade and other receivables (2,053) 2(Decrease/(increase) of trade and other payables 2,099 (1,845)Paid interests and other bank charges (72) (74)Tax paid (313) (79)Net cash flows from the operating activities 2,338 520Cash flows from investing activitiesProceeds from the sale of property, plant and equipment 26 4Purchase of property, plant and equipment (961) (16)Purchase of intangible assets (3)Interests received 8Net cash flows flows used in investing activities (930) (12)Cash flows from financial activitiesRepayment of borrowings (181) (37)Payment of finance lease liabilities (15) (26)Net cash flows used in financing activities (196) (63)Net increase in cash and cash equivalents 1,212 445Cash and cash equivalents at beginning of the year 963 518Cash and cash equivalents at 31 December 2,175 963Representative:Prepared by:Mihail KatsibirisManagerZoya ShiyakovaChief AccountantThe notes on pages 14 to 22 form an integral part of these financial statements.5
Page 1 and 2: ELMEC SPORT BULGARIA EOODANNUAL FIN
Page 3: “Elmec Sport Bulgaria” ЕООDR
Page 7 and 8: “Elmec Sport Bulgaria” ЕООDR
Page 25: “Elmec Sport Bulgaria” ЕООDR

ELMEC SPORT BULGARIA EOOD

Create successful ePaper yourself

Delete template?

Save as template?