Results of activity of RG Brands JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, April 29, 04/ - RG Brands JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the consolidated financial statement for 2003. Following is the result of the issuer's financial and economic activity in 2003 based on the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------ As of As of Change, Indicator Jan 1, 03 Jan 1, 04 % -------------------------------- --------- --------- ------- Authorized capital (paid) 1,478,023 1,478,023 0.0 Shareholders' equity 1,507,182 1,903,924 +26.3 Total assets 4,375,866 6,880,120 +57.2 Net working capital 1,353,954 3,547,058 +162.0 Accounts receivable 2,083,150 3,867,740 +85.7 Total liabilities 2,868,684 4,976,196 +73.5 Accounts payable 667,330 1,451,775 +117.5 Issued bonds 622,400 2,350,000 +277.6 Borrowed loans 1,578,715 1,154,074 -26.9 Sales volume 2,878,914 3,945,145 +37.0 Cost of goods sold 2,206,732 3,133,327 +42.0 Net income for the period 27,991 208,411 +644.6 -------------------------------- --------- --------- ------- Calculated by the issuer's data: -------------------------------- --------- --------- ------- Return on sales (ROS), % 23.35 20.58 -11.9 Return on equity (ROE), % 1.86 10.95 +489.4 Return on assets (ROA), % 0.64 3.03 +373.6 ------------------------------------------------------------ Relative to 2002 there is increase of: - shareholders' equity - by KZT396.7 m. as the result of increase of total sum of undistributed income by KZT275.5 m. and additional unpaid capital - by 121.3 m.; - assets - by KZT2.5 bn., including: accounts receivable - by 1.9 bn., long- term investments - by 645.0 m. and other assets - by 74.6 m.; - liabilities - by KZT2.1 bn. that was caused by growth of liabilities on bonds by 1.7 bn., accounts payable - by 784.4 m., whereas there took place decrease of borrowed loans volume by 424.6 m.; - sales volume - by KZT1.1 bn.; - cost of goods sold - by KZT926.6 m. Net income of RG Brands JSC received in 2003, exceeded net income of the year 2002 by KZT180.4 m. Company's primary activities - production and sale of natural juices and drinks, rendering of marketing services. [2004-04-29]