Results of Bayan-Sulu OJSC (Kazakhstan) in I half of 2001

/KASE, Oct 8, 01/ - Bayan-Sulu OJSC (Kostanai) provided the KASE with its financial statements for the I half of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in the I half of 2001 (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------- As of As of Change, Ratio July 1 '00 July 1 '01 % ---------------------------------------- ---------- ---------- ------- Authorized capital (announced) 1,000,000 1,000,000 0.0 Authorized capital (less treasury stock) 553,172 548,936 -4.2 Shareholders' equity 565,950 580,500 +2.6 Total assets 823,431 854,653 +3.8 Net working capital 199,950 247,768 +23.9 Accounts receivable 233,043 296,707 +27.3 Accounts payable 207,017 223,217 +7.8 Sales 466,059 550,980 +18.2 Cost of goods sold 401,149 492,385 +22.7 Net income of the period 26,108 8,903 -65.9 Book value of a share, KZT 153.46 157.41 +2.6 ------------------------------------------------------------------------- Compared to I half of 2000 growth took place in: - shareholders' equity of the company - by KZT14.6m as a result of an increase in reserve capital - by KZT9.9m, undistributed income by - KZT8.8m with a withdrawal of capital for KZT4.2m (treasury stock); - assets - by KZT31.2m, which was caused by an increase in accounts receivable by KZT63.7m with a decrease in residual value of fixed assets by KZT11.3m, volume of incomplete capital investments - by KZT20.6m and other assets - by KZT0.6m; - liabilities - by KZT16.7m, of which increase in accounts payable - KZT16.2m, attracted credits - by KZT0.5m; - sales - by KZT84.9m; - cost of goods sold - by KZT91.2m - expenses of the period - by KZT15.2m (330%). As a result of a significant growth of cost of goods sold, net income of the company in I half of 2001 declined by KZT17.2m relative to similar period of last year. Common inscribed shares (KZ1C24121211, trade code - BSUL) of Bayan- Sulu OJSC are entered into official list of the KASE securities under category "B" on August 12, 1998. Primary activities: production and sales of confectionery.