Auditing report on 2000 financial statements of NOC RG Brands OJSC (Kazakhstan)

/KASE, Sept 5, 01/ - RG Brands OJSC (Almaty) provided the KASE with auditing report of PricewaterhouseCoopers made on its 2000 consolidated financial statements. Based data of an independent auditor the following are financial and economic results of the issuer's activities as of December 31, 1999 and 2000 (in th. USD): ----------------------------------------------------------- Indicator 1999 2000 --------------------------------------- ------- --------- Authorized capital (paid) 640 705,000 Shareholders' equity 679 726,034 Total assets 571,203 1,250,916 Net working capital -82,089 558,887 Accounts receivable, total 72,312 524,882 Liabilities, total 570,524 524,882 Credits attracted 297,845 256,775 Rent (lease) 230,526 233,450 Accounts payable 42,153 34,657 Sales 67,703 484,194 Cost of goods sold 45,619 350,516 Net income (loss) 922 20,995 --------------------------------------- ------- --------- Calculated based on the auditor's data: --------------------------------------- ------- --------- Return on sales (ROS), % 32.6 27.6 Return on equity (ROE), % 135.8 2.9 Return on assets (ROA), % 0.2 1.7 ----------------------------------------------------------- Auditing was conducted by PricewaterhouseCoopers in compliance with the Kazakhstani Accounting Standards. In the opinion of the auditor, consolidated financial statements give true picture of financial situation of the company in all essential aspects as of December 31, 2000, as well as results of income and cash flow statements in compliance with Kazakhstani Accounting Standards as of indicated dates. Second issue coupon bonds of RG Brands OJSC (KZ72KAT51A39, trade code - RGBRb2) were admitted to the official list of the KASE securities of category "A" on February 5, 2001. Issue volume - $4.0m, face value - $100, coupon rate - 13.0% APR, payment frequency - 2 times a year, circulation term - 2 years.