| For the year ended 31 December 2004
| In BGN |
Note |
2004 |
2005 |
| Revenue |
2 |
2,510,851 |
3,655,336 |
| Cost of sales |
3 |
(2,290,655) |
(3,272,137) |
| Gross profit |
|
220,196 |
383,199 |
| |
|
|
|
| Other operating income |
|
300 |
287 |
| Administrative expenses |
4 |
(141,041) |
(201,447) |
| Operating profit before financing costs |
|
79,455 |
182,039 |
| |
|
|
|
| Financial income |
|
107,548 |
181,697 |
| Financial expenses |
|
(159,123) |
(313,356) |
| Net financing costs |
5 |
(51,575) |
(131,659) |
| |
|
|
|
| Profit before tax |
|
27,880 |
50,380 |
| Income tax expense |
6 |
(13,213) |
(36,094) |
| Profit for the period |
|
14,667 |
14,286 |
The consolidated income statement of the Center for the Study of Democracy is
to be read in
conjunction with the notes to them and form an integral part of these statements
set out on
pages 5 to 27.
|
