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Unrestricted fund balance
 
As at 31 December 2003

 

In BGN

2003

2002

Balance at 1 January 2003

2,935,585

2,976,278

Total (Surplus) of revenue over expenditure for the year

(129,549)

(40,693)

Balance at 31 December 2003

2,806,036

2,935,585

The financial statements of the Center for the Study of Democracy are to be read in conjunction with the notes to them and form an integral part of these statements set out on pages 5 to 19.

 
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