Results of JSC UKTMK (Kazakstan) in the 9 months of 1999

/KASE, Sep.24, 99, Galina Tsaluk, Nadir Zhakupov/ - According to the listing requirements JSC UKTMK (Ust-Kamenogorsk, official list of securities, category "A" provided Kazakhstan Stock Exchange (KASE) with financial reports for October 01, 99: balance and income statement. Following are the results of the emitter for the 9 months of 1999. All figures are given in tenge as against to the corresponding period of 1998. First 9 months First 9 months Increase / Indicator of 1998, '000 of 1999, '000 decrease., % ---------------------------- -------------- -------------- ------------ Authorized paid-up capital 21,582 21,582 0 Shareholders equity 5,471,788 5,345,435 -2.3 Total assets 6,786,462 7,103,728 +4.7 Net working capital 1,764,883 1,347,039 -23.7 Accounts receivable 908,409 723,147 -20.4 Accounts payable 891,435 734,275 -17.6 Volume of sales (services offered) 5,690,245 4,379,869 -23.0 Cost of goods sold (services offered) 3,996,019 3,319,918 -16.92 Net income (loss) 760,739 -70,588 -109.3 ---------------------------- -------------- -------------- ------------ There were no changes in the company's authorized capital. Decrease in the shareholders equity by 126.35 million or by 2.3% was stipulated by decrease in: - addition unpaid capital (revaluation of assets) - by 107.92 million; - income - by 812.01 million; at increase in: - addition paid-гз capital - by 92.37 million; - accumulated capital - by 701.21 million. Amount of the shares did not change. As a result the book value per share decreased by 117.09 tenge or by 2.3% to 4,953.60 tenge per share. The bank's assets has increased by 317.27 million or by 4.7%. Long-term assets increased by 219.49 or by 7.9%, including increase in: - intangible assets - by 4.51 million; - fixed assets - by 286.98 million. Current assets increased by 25.78 million or by 0.8%, including: - net accounts resivable or by after reserve for doubtful accounts) - by 5,558.19 million; - cash - by 99.60 million; at decreasing: - inventory - by 84.59 million: - future charges - by 26.85 million; at decrease in accounts recivable by 185.26 million. Total liabilities increased by 443.62 million or by 33.7%, including: - increase in the received credits by 552.11 million (from the banks - 27.12 million, from other organization - 526.28 million), at reduction in the other received credits in 1.29 million; - increase in future payement reserve by 47.32 million. Volume of sales decreased by 1,310.38 million or by 23.0% at decreasing in cost price of 676.10 million or 16.9% and decreasing in total expences of 81.71 million or 17.3%. In result loss of UKTMK has made 70.59 million in contrast to 760.74 million income of the corresponding period of 1998.