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For the year ended 31 December 1998
  Notes BGL '000
Revenue from grants, contributions and projects 1

1,222,918

Expenses on grants, contributions and projects 2

(1,153,263)

General and administrative expenses  

(34,269)

Gross excess of revenue over expenditure

35,386

Foreign exchange gains – net 3

86,199

Interest income  

52,589

Other financial expenses  

(7,065)

Extraordinary income-net 4

32,941

   

200,050

Gain on net monetary position  

(7,975)

Excess of revenue over expenditure for the year     192,075
Accumulated excess of revenue over expenditure brought forward    

1,157,786

Unrestricted fund balances at 31 December 1998     1,349,861

 

                    • Ognian Shentov

                      President

 

 
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