INCOME STATEMANTS				from	1st January 2003
METIZI J.S.Co., Steel Wires and Wire Ropes				to	31th December 2003
		Amount BGL				Amount BGL
		in thous. BGN				in thous. BGN
Expenses denomination		Previous year	Current      year	Incomes denomination		Previous year	Current year
	a	1	2		a	1	2
I.	EXPENSES FOR ACTIVITY			I.	INCOMES FOR ACTIVITY
1.	Decrease of reserves in production, unfinished production and future expenses	-242	-442	1.	Net incomes from sales, including from companies with control share	6245	7743
2.	Expenses for materials	3784	5321	2.	Incomes from fundings, including from state
3.	Expenses for out services	680	677	3	Expenses for long-term assets to acquire and liquidation in economic way
4.	Expenses for salaries and others rewards	775	924	4.	Increase  reserves of produce, unfinished production and future expenses
5.	Expenses for social insurances and allowances	266	289	5.	Other incomes:
6.	Expenses for amortizations	505	535	a/	offsprings and increase of animals
7.	Others expenses, including	-280	54	b/	materials from own production
a/	Decrease amount of material reserves			c/	others
b/	Expenses for provisions
8.	Amount under review for sold materials, goods, young animals and animals for fatten and long-term material and unmaterial assets	965	470
	TOTAL UNDER GROUP I	6453	7828		TOTAL UNDER GROUP I	6245	7743
II.	FINANCIAL EXPENSES			II.	FINANCIAL INCOMES
9.	Expenses for interests, including corporate interests			6.	Incomes interests, including corporate interests	201	146
10.	Negative investment differences from operations, including corporate investments			7.	Incomes from participations, including corporate dividends
11.	Negative defferences from changes of curse of exchange			8.	Positive investment differences, including corporate investments
12.	Others financial expenses			9.	Positive defferences from changes of curse of exchange		39
				10.	Others financial incomes
	TOTAL UNDER GROUP II	0	0		TOTAL UNDER GROUP II	201	185
III	EXTRAORDINARY EXPENSES			III.	EXTRAORDINARY INCOMES	13	9
IV.	GENERALLY EXPENSES	6453	7828	IV.	GENERALLY INCOMES	6459	7937
	/ I + II + III /				/ I + II + III /
V.	BOOK PROFIT  (generally incomes - generally expenses)	6	100	V.	BOOK LOSS /generally expenses - generally incomes/	7
VI.	EXPENSES FOR TAXES		9	VI.	LOSS /generally expenses and taxes - IV/
13.	Corporation tax
14.	Others taxes
VII.	PROFITS /generally incomes - IV + VI /	6453	7837
	TOTAL / IV + VI + V/	6459	7937		TOTAL  / IV + VI /	6459	7937
Date:		Chief Accountant:		A. Zlateva
27th Feb 2004		Executive Director:		D.Popivanov MSc.
			Certify:	___________