Preliminary results of VITA LLP (KAZAKHSTAN) in 2000

/KASE, Jan 24, 01/ - VITA LLP (Almaty), in accordance with the listing requirements, provided the Kazakhstan Stock Exchange (KASE) with its financial statements in 2000: balance sheet, income and cash flow statements. Following are the results of the issuer in 2000 (in KZT, thousands): --------------------------------------------------------------- As of As of Change, Indicator Jan 01, 00 Jan 01,01 % ------------------------------- ---------- --------- ------- Authorized capital (announced) 100,000 100,000 0.0 Authorized capital (paid-up) 54,433 54,433 0.0 Shareholders' equity 291,620 319,850 +9.7 Total assets 603,863 757,641 +25.5 Net working capital 59,373 231,704 +290.3 Accounts receivable 117,568 274,664 +133.6 Accounts payable 206,490 125,558 -39.2 Sales 120,891 602,840 +398.7 Cost of sales 72,826 485,928 +567.2 Net income (loss) of the period 29,891 28,230 -5.6 ------------------------------- ---------- --------- ------- Ratios: ------------------------------- ---------- --------- ------- Return on sales (ROS), % 39.8 19.4 -51.2 Return on equity (ROE), % 4.9 3.7 -24.7 Return on assets (ROA), % 10.2 8.8 -13.9 --------------------------------------------------------------- Compared to 1999 (all figures in KZT): - shareholders' equity of the company grew by 28.2 mln, or 9.7% as a result of growth in undistributed income; - assets increased by 153.8 mln, or 25.5% (accounts receivable - 157.1 mln of which advances to suppliers - 107.4 mln ) - liabilities increased by 125.5 mln, or 40.2% including 76.8 mln - bonds emission; - sales increased by 481.9 mln, or 5 times; - cost of sales grew by 413.1 mln, or 6.7 times; - expenses of the period increased 29.2 mln, or 60.9% (including interest payment - 26.4 mln); - income from secondary activities decreased by 37.4 mln, or 98.3%. As a result, net income of VITA LLP received in 2000 decreased by 1.7 mln or 5.6% and amounted 28.2 mln. Following is the table that shows the dynamics of some VITA LLP indicators during the year 2000 on a quarterly and non-accruing sum basis (in thousand KZT): Change, Change, Change, Indicator I-2000 II-2000 % III-2000 % IV-2000 % ---------- ------- ------- ------- -------- ------- ------- ------- Sales 107,738 191,590 +77.8 41,716 -78.2 261,796 +527.6 Net income 2,267 17,374 +666.4 1,490 -91.4 7,099 +376.4 -------------------------------------------------------------------------- Registered coupon bonds of VITA LLP (KZ2CKAPUBA19, trade code - VITAb2) were admitted into category "B" of the official list of KASE securities on Dec 06, 2000. Primary activities of the company - commerce, processing and production of fat-and-oil goods.