VITA LLP (Kazakhstan): financial indices

/IRBIS, Dec 7, 00/ - Following are financial and economic ratios of VITA LLP (Almaty), made by the data of the Listing Commission of Kazakhstan Stock Exchange (KASE). The information is published in connection with admission of the bank bonds into official list of securities, category "B". The management of VITA LLP assumes full responsibility for the authenticity of presented information. FINANCIAL STATEMENT DATA PRESENTED BY THE ISSUER VITA LLP presented its balance sheet, income and cash flow statements for the years 1997-1999, as well as intermediate statement for the year 2000, which was made in accordance with the Kazakhstani accounting standards (KAS). Following is the table created by the KASE specialists based on these financial statements (in th. KZT, unless otherwise specified). --------------------------------------------------------------------- As of As of As of As of Index Jan.1 '98 Jan.1 '99 Jan.1 '00 Oct.1 '00 --------------------------------------------------------------------- Authorized capital 1,450 1,450 54,433 54,433 Shareholders' equity 196,721 208,747 291,620 312,751 Book value of the assets 257,682 336,335 603,863 722,774 Working capital 125,604 -26,247 59,373 304,740 Accounts receivable 72,200 70,146 117,568 91,036 Liabilities 60,961 127,588 312,243 410,024 Loans attracted 9,383 68,344 105,585 327,538 Accounts payable 51,577 59,244 206,490 82,318 Sales 135,315 164,336 120,891 341,044 Net profit (loss) 15,254 12,026 29,891 21,131 Return on sales (ROE), % 12.1 16.1 39.8 21.6 Return on equity (ROE), % 5.9 3.6 4.9 2.9 Return on assets (ROA), % 7.8 5.8 10.2 6.8 --------------------------------------------------------------------- Authorized capital of VITA LLP was increased based on the decision of the founders extraordinary meeting held on September 14, 1999. The growth of the assets in 1999 was due to the purchases of fixed assets by attracting long-term loans received from Bank CenterCredit OJSC. AUDITING REPORT DATA VITA LLP has presented the KASE with auditing report of KPMG-Janat (Almaty, Kazakhstan), made on the company's 1999 financial statements in accordance with the Kazakhstani and International accounting standards, as well as auditing report for the first half of the year 2000, made by Tsentraudit-Kazakhstan (Almaty, Kazakhstan) in accordance with the Kazakhstani accounting standards. Following is the table created by the KASE specialists based on auditing report of KPMG-Janat (in th. KZT, unless otherwise specified). ------------------------------------- As of Index Dec.31 '99 ------------------------------------- Authorized capital (paid) 54,433 Shareholders' equity 234,529 Book value of the assets 571,034 Working capital 42,355 Accounts receivable 146,843 Liabilities 336,505 Loans attracted 165,295 Accounts payable 171,210 Sales 115,166 Net profit (loss) (27,201) ------------------------------------- The auditing report reads that financial statements of VITA LLP made as of December 31, 1998 have not been audited, therefore the auditor had no chance to get sufficient proofs to determine the accuracy the beginning balance of 1999. As a result of the corrections made to the balance sheet as of December 31, 1998 could have noticeable impact on the balance sheet, income statement and undistributed income as of December 31, 1999. Also, KPMG-Janat did not confirm the taking the stock of inventory because the auditor did not participate during this process as of December 31, 1999. It is also said that except for these matters, financial statements give accurate picture of the company's financial situation as of December 31, 1999, as well as its activities and cash flows as of indicated period in accordance with the KAS. In conclusion, the Tsentraudit-Kazakhstan said that considering the records, the data of the balance sheet of the VITA LLP are reliable in all aspects as of July 1, 2000.