Results of JSC Baian Sulu (Kazakstan) in 1999

/KASE, Feb.16, 00, Galina Chudinova, Galina Tsaluk/ - According to the listing requirements Baian Sulu (Kustanai, official list of securities, category "B") provided Kazakhstan Stock Exchange (KASE) with financial reports for July 01, 99: balance, income statement and statement of cash flow. Following are the results of the emitter for 1999. All figures are given in tenge as against to 1998. On Jan.01, On Jan.01, Increase / Indicator 1999 2000 decrease, % ------------------------------------- ---------- ---------- ----------- Authorized announced capital 1 000 000 1 000 000 0 Authorized paid-up capital 508 172 553 172 +8.9 Shareholders equity 569 836 539 559 -5.3 Total assets 764 988 757 306 -1.0 Net working capital 242 207 207 256 -14.4 Accounts receivable 210 759 254 312 +20.7 Accounts payable 128 029 173 106 +35.2 Volume of sales (services offered) 1 136 613 918 438 -19.2 Cost of goods sold (services offered) 911 886 797 889 -12.5 Net income (loss) 46 351 (30 076) -164.9 ------------------------------------- ---------- ---------- ----------- The company's authorized paid-up capital increased by 45.0 million or by 8.9%. Decrease in the shareholders equity by 30.28 million (5.3%) was stipulated by decrease in the retained income by 74.64 million. As a result the book value per share decreased by 21.89 tenge (13.0%) to 146.31 tenge per share. Total assets decreased by 7.28 million (1.0%). Long-term assets increased by 4.67 million, floating assets decreased by 12.36 million. Total liabilities increased by 22.60 million (11.6%) in result of: - increase in short-term accounts payable - by 45.08 million; - decrease in short-term credits - by 22.48 million. Volume of sales decreased by 218.18 million (19.2%). In result loss of BAIAN SULU made 30.08 million compared to 46.36 million income of 1998. In the table below company's income and sales are given by the quarter as the cumulative sum. Index I-99 II-99 Change, % III-99 Change, % IV-99 Change, % ---------- ------- ------- --------- ------- --------- ------- --------- Sales 131 270 180 278 +37.3 233 077 +29.3 373 813 +60.4 Net income -9 980 -50 081 -401.8 -2 173 +95.7 32 158 +1 579.6 ---------- ------- ------- --------- ------- --------- ------- --------- The main company's activity is confectionery production and sale. Date of entering in the KASE trade list - August 12, 1998.