BALANCE SHEET					from	1st January 2003
METIZI J.S.Co., Steel Wires and Wire Ropes					to	31st December 2003
Section, groups, items		Amount BGL				Section, groups, items		Amount BGL
		Pre-	Current year					Pre-	Current year
		vious year	Account value	Correc- tive	Balance value			vious year	Account value	Balance value
a		1	2	3	4	a		1	2	3
A.	UNPAID CAPITAL					A.	OWN FUNDS
B.	LONG-TERM ASSETS						FUNDS
I.	Material					1.	Fundamental	500		500
1.	Buildings, lands, forests and perennials	8205			16299	2.	Additional (rezerve) funds
2.	Machines and equipment	953			36780		Total under group I	500		500
3.	Others material long-term assets	4			9	II.	Emission premiums	48
4.	Expenses for long-term assets	341			246	III.	Revalue reserves	642		44783
	Total under group I	9503			53334	IV.	Reserves
II.	Unmaterial					1.	General reserves	8644		8644
1.	Expenses for establish and expanding					2.	Additionaly reserves			48
2.	Product for develop activity						Total under group IV	9334		53475
3.	Hardware and software products	4			4	V.	Precede result
4.	Patents, licenses, concession rights, know-haw, firm and trade marks	16				1.	Undistributed profit			44
5.	Others unmaterial assets					2.	Uncover loss
	Total under group II	20			4		Total under group V		0	44
III.	Long-term investments					VI.	Result from current period
1.	Control share					1.	Profit	6		100
2.	Considerable share					2.	Loss
3.	Minority share	1			7		Total under group VI	6		100
4.	Investment property						TOTAL FOR SECTION "A"	9840		54119
5.	Others					B.	LONG-TERM LIABILITIES
	Total under group III	1			7	I.	Long-term debt
IV.	Long-term receivables					1.	Debts into corporates
1.	Receivables from corporates					2.	Debts into received bank loans
2.	Receivables from trade grant credits					3.	Debts into received trade credits
3.	Othes long-term receivables					4.	Deferred taxes
	Total under group IV					5.	Others long-term debts
V.	Positive reputation						Total under group I
	Total under group V					II.	Future incomes
	TOTAL UNDER SECTION  "B"	9524	0	0	53345	1.	Negative reputation
						2.	Others future incomes
C.	SHORT-TERM ASSETS						Total under group II
I.	Material short-term assets						TOTAL FOR SECTION "B"
1.	Materials	635			957	C.	SHORT-TERM LIABILITIES
2.	Production	392			656	I.	Short-term debts
3.	Goods	15			27	1.	Debts into corporates, including dividends
4.	Young animals and animals for fatten					2.	Debts into received bank credits	3000		3189
5.	Unfinished production	492			670	3.	Debts into trade grant credits			745
6.	Others material short-term assets				617	4.	Depts into deliveries	772		925
	Total under group I	1534			2927	5.	Recieved advance
II.	Short-term receivables					6.	Debts into the budget	202		208
1.	Receivables from corporates, including dividends					7.	Debts into the personnel	66		73
2.	Receivable from sells	843			1330	8.	Debts into the social ensurance	300		268
3.	Granted advancses					9.	Others short-term debts	56		76
4.	Receivables from trade grant credits	2235					Total under group I	4396	0	5484
5.	Legal and adjudge receivables					II.	Future incomes			0
6.	Taxes for rehabilitate						TOTAL FOR SECTION "C"	4396	0	5484
7.	Others short-term receivables	19			5	D.	FUNDINGS
	Total under group II	3097			1335	1.	For long-terms assets
III.	Short-term investments					2.	For current activity
1.	In corporates, including  buy up own shares and bonds						TOTAL FOR SECTION "D"
2.	Others short-term investments						LIABILITIES AMOUNT (A+B+C+D)	14236	0	59603
	Total under group III
IV.	Financial assets
1.	Cash on hand	3			3
2.	Bank accounts	78			1993
3.	Bloked financial resources
	Total under group IV	81	0	0	1996
V.	Future expenses
	TOTAL UNDER SECTION  "C"	4712	0	0	6258
	ASSETS AMOUNT (A+B+C)	14236	0	0	59603
A.	Assets (off-balance sheet)						Liabilities (off-balance sheet)
Date:		Chief Accountant:		__A. Zlatevateva				Certify:	_____________
27th Feb 2004		Executive Director:		__D. Popivanov MSc.