REFERENCE: Jyluenergya OJSC (Kazakhstan) - financial ratios
/IRBIS, information of the KASE Listing commission, Nov 9, 01/ - The following information is published due to the admittance of common inscribed and preferred inscribed shares of Jyluenergya OJSC into official list of the Kazakhstan Stock Exchange (KASE) under category "B".
Jyluenergya OJSC submitted its financial statements for the years 1998- 2000 and I half of 2001 to the KASE, which were made based on Kazakhstani Accounting Standards (KAS) and conclusions of the auditor for the years 1998-2000 made by Audit-Eurasia CJSC (Aktobe) in compliance with Kazakhstani Accounting Standards.
Main financial ratios of Jyluenergya OJSC (th. KZT, unless otherwise specified)
-------------------------------------------------------------------- as of as of as of as of Ratio Jan 1.99 Jan 1.00 Jan 1.01 July 1.01 ------------------------ --------- --------- --------- --------- Authorized capital 120,000 120,000 120,000 120,000 Book value of assets 1,874,723 1,627,862 1,242,338 1,615,082 Shareholders' equity 71,142 -161,108 13,922 141,931 Fixed assets (residual value) 467,729 376,955 373,034 261,740 Working capital -462,981 -603,344 -427,489 -149,696 Accounts receivable 1,269,010 1,133,797 750,740 1,250,474 Accounts payable 1,803,581 1,788,970 1,116,241 1,055,098 Loans - - 112,175 418,053 Sales 1,335,304 1,409,511 1,481,025 858,737 Gross income -94,703 117,062 53,305 113,979 Net income (loss) 21,114 (233,356) 177,794 158,445 Return on assets (ROA),% 0.01 - 0.14 0.10 Return on equity (ROE),% 0.30 - 12.77 1.12 Return on sales (ROS),% -0.07 0.08 0.04 0.13 --------------------------------------------------------------------
Based on auditing report, financial statements give reliable and objective picture of the company's financial and economic activities at the end of 1998- 2000 in compliance with Kazakhstani Accounting Standards, and there are no significant discrepancy in the statements.
ASSETS
From 1998 through 2000 the assets of Jyluenergya OJSC decreased by KZT632m or 33.7%. During the first half of 2001 the assets grew from KZT1,242m to KZT1,615m, a KZT373m or 30.0% increase. Mainly the change in the assets during this period was a result of a change in accounts receivable of Jyluenergya OJSC which takes the most part of the assets. As of July 1, 2001 accounts receivable reached 77.4% of the assets, at KZT1,250m.
LIABILITIES
From 1998 through 2000 the liabilities of Jyluenergya OJSC decreased from KZT1,804m to KZT1,228m, a KZT575m or 31.9% decrease. In I half of 2001 liabilities increased to KZT1,473m, a KZT245m or 19.9% increase.
EQUITY
From 1998 through 2000 the equity of Jyluenergya OJSC decreased by KZT57m or 80.4%. By the results of each year equity is less than the authorized capital because the company was having negative undistributed income.
Equity of Jyluenergya OJSC (th. KZT)
-------------------------------------------------------------------------------- as of as of as of as of Item Jan 1.99 Jan 1.00 Jan 1.01 July 1.01 ------------------------------------- -------- --------- --------- --------- Authorized capital 120,000 120,000 120,000 120,000 Additional unpaid capital 22,576 29,449 34,734 - Reserve capital 12,210 6,443 18,000 12,000 Undistributed income (uncovered loss) (83,644) (317,000) (158,812) 9,931 Shareholders' equity 71,142 -161,108 13,922 141,931 --------------------------------------------------------------------------------
By the results of I half of 2001 equity of Jyluenergya OJSC grew from KZT14m to KZT142m as a result of net income received in 2000 and in I half of 2001.