Consolidated statements of Golden Sands SA, published on the Bulgarian Stock Exchange shows loss of approximately EUR 4,5 million for 2006 the company reported consolidated profit worth EUR 1,6 million of non-consolidated financial results Golden Sands in 2007 is also negative and amounted to 3.55 million Golden Sands 6 consolidated subsidiaries - EDC Golden Sands AD, C and K Golden Sands Ltd., Parkstroy Golden Sands Ltd., Pearl Golden Sands SA, Golden Trading Ltd. and ECA Golden Sands LTD. Net sales revenues increased to 51.6 million from 42.2 million in 2006, and spending on economic elements amounted to 54.3 million in 38.3 million years earlier. The share capital of Golden Sands is 6.493 million, and own a consolidated basis at the end of December last year amounted to 96.2 million At the extraordinary general meeting of shareholders of Golden Sands, SA on February 8, decided to sell 1 / 2 ideal part of the company's own property in the resort. Buyer in the transaction is Gold Plc, which owns 63.84% of the share capital of Golden Sands SA, E 526 and the price 000 euro without VAT (nearly 1.03 million). Payment will be deferred and will be made in four installments. At the end of last year it became clear that the Golden Sands-Varna Plc will sell ½ of regulated land with the construction plan at a price of 158 euros per sq.m., which is two times the market value. The property has an area of 6 654 кв.м. and market valuation of 2 057 000 leva. Golden PLC had offered 526 000 euro for half of the property, which is equivalent to 158 euros per sq.m. According to our study offers a basis for land sold in the tourist complex the lowest price for such plots is 250 euros per sq.m., and the highest is 385 euros per sq.m., and the average value was 318 euros, or nearly twice that proposed by Golden AD. Golden PLC is the majority owner of Golden Golden Sands AD. The report of the company makes and strange impression that, for three months profits jump twice and a half, but because of eradication and the scrapping of assets: EUR 14,275 thousand, unallocated expenses and profit tax. It is interesting and why we pay tax as profits are at a loss. Another unpleasant surprise was that the apartments of the Admiral apartaments "not yet reported as income, but is now seen as advances. Ie and there comes the expected profit of 20 million leva. In late November, comes out today and the news that the chief architect of the Municipality - Varna has approved the company's investment project for construction of apartment hotel "Golden Anchor" in Golden Sands. The company started the realization of the project in accordance with the issued building permit. The project envisages construction of a 7-storey building with 165 apartments, a restaurant and two retail stores. The total built up area of the building is 16 400 кв.м. together with the underground floors. Approximately 14 000 sq.m. of built-up area is intended for sale. One of the shareholders of Golden Sands SA is a comment in the forums situatsita so: "that was leaked and this year the elections twice, once for and once a local MEPs. Knowing how the company was privatized much of the supposedly "missing profits" went to finance election. However, it is a normal company with 5 hotels, discos, restaurants, pubs pull to 500 000 leva profit from tourist activities. I think the real profit only from tourism is far more than 5 million. The point is that even if they are stolen, yet the results are much better than a lot of other shiny companies that "earn profits", while progressively reducing its majority share in the company. Here, by contrast, the majority has significantly increased their share. And next year elections will have a new CEO may finally hit the open.