according to the report released by the BSE late on Tuesday. These better financial results are due to higher profitability of the subsidiaries, since consolidated income dropped by 11.8% to BGN 399 mln. last year. The introduction of the International Accounting Standards resulted in BGN 118 asset re-evaluation. As a result, the Holding’s equity capital increased from BGN 324 mln to BGN 413 mln. on a consolidated basis.