For the year ended 31 December 2004
| In BGN |
Retained earnings |
| Balance as at 1 January 2003 |
2,994,538 |
| Recognised profit for 2003 |
14,286 |
| Balance as at 31 December 2003 |
3,008,824 |
| |
|
| Balance as at 1 January 2004 |
3,008,824 |
| Recognised profit for 2004 |
14,667 |
| Balance as at 31 December 2004 |
3,023,491 |
The consolidated statement of changes in equity 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.
|
