Results of Bayan-Sulu OJSC (Kazakhstan) in 2000

/KASE, May 3, 01/ - Bayan-Sulu OJSC (Kostanai, production and sales of confectionery) provided the Kazakhstan Stock Exchange (KASE) with its financial statements for 2000: balance sheet, income and cash flows statements. By the data of the issuer following are the results of the company in 2000 (in th. KZT unless otherwise specified): As of As of Change, Ratio Jan.1 '00 Jan.1 '01 % ---------------------------------- --------- --------- ------- Authorized capital (issued) 1,000,000 1,000,000 0 Authorized capital (paid) 553,172 553,172 0 Shareholders' equity 540,455 575,833 +6.5 Total assets 758,202 905,053 +19.4 Net working capital 208,152 237,665 +14.2 Accounts receivable 254,312 290,905 +14.4 Accounts payable 173,106 277,125 +60.1 Sales (services offered) 918,438 1,063,347 +15.8 Cost of goods sold 797,889 919,355 +15.2 Net income (loss) of the period (29,180) 35,991 +223.3 ---------------------------------- --------- --------- ------- Calculated based on issuer's data: ---------------------------------- --------- --------- ------- Return on sale (ROS), % 13.1 13.5 +3.2 Return on equity (ROE), % - 6.3 - Return on assets (ROA), % - 4.0 - Earnings per share (EPS), KZT - 9.76 - Price earning ratio (P/E) - 5.26 - Book value of share, KZT 146.55 156.14 +6.5 -------------------------------------------------------------- Compared to 1999 growth took place in: - shareholders' equity of the company by KZT35.4 mln as a result of an increase in final amount of undistributed income by KZT35.9 mln and KZT0.5 mln in fixed assets re-evaluation fund; - assets by KZT146.9 mln (including: inventory - by KZT62.6 mln, accounts receivable - by KZT36.6 mln, cash - by KZT24.3 mln, fixed assets by KZT21.8 mln, other assets - by KZT1.6 mln); - liabilities by KZT111.5 mln (of which, bank loans by KZT7.5 mln, accounts payable - by KZT104.0 mln); - sales by KZT144.9 mln; - cost of goods sold by KZT121.5 mln; - expenses of the period by KZT19.9 mln (while income from secondary activities fell by KZT64.4 mln, or 85.0%, which are covered by net income). As a result, net income, received by Bayan-Sulu OJSC in 2000, equaled KZT36.0 mln against KZT29.2 mln loss it incurred in 1999. Following is the table that shows the dynamics of company's indicators during the year 2000 on a quarterly and non-accruing sum basis (in th KZT unless otherwise specified): ------------------------------------------------------------------- Ch., % Ch., % Ch., % Indicator I-2000 II-2000 III-2000 IV-2000 ---------- ------- ------- ------- -------- ------- ------- ------- Sales 244,165 221,894 -9.1 227,569 +2.6 369,719 +62.5 Net income 15,336 10,772 -29.8 9,242 -14.2 641.0 -93.1 ------------------------------------------------------------------- Common inscribed (KZ1P05502017, trade code - UTMK) shares of Bayan- Sulu OJSC were admitted into the official list of the KASE under category "B" on August 12, 1998. On May 2, 2001 market capitalization of Bayan-Sulu OJSC was estimated at $1.3 mln at the KASE.