Results of Almaty Kus OJSC (Kazakhstan) for 9 months of 2001

/KASE, Oct 1924 01/ - Almaty Kus OJSC (Chapaevo comm., Almaty region) provided the KASE with its financial statements for 9 months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company for 9 months of 2001 (in th. KZT): --------------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % ------------------------------- --------- --------- -------- Authorized capital (announced) 700,000 1,830,000 +161.4 Authorized capital (paid) 661,237 1,200,000 +81.5 Shareholders' equity 699,132 1,554,671 +122.4 Total assets 1,424,961 4,105,319 +188.1 Net working capital 55,834 2,701,525 +4,738.5 Accounts receivable 713,343 2,238,124 +213.8 Accounts payable 90,166 383,777 +325.6 Liabilities 725,829 2,550,648 +251.4 Sales 94,804 655,653 +591.6 Cost of goods sold 27,465 554,294 +1,918.2 Net income of the period 1,432 36,669 +2,460.7 Balance value of 1 share, tenge 9.99 12.96 +29.7 --------------------------------------------------------------- Compared to 9 months of 2000 growth took place in: - shareholders' equity of the company - by KZT855.5m as a result of an increase in paid part of authorized capital - by KZT538.8m, additional paid capital (sales of shares above face value) - by KZT274.9m, reserve capital - by KZT42.6m, with a decrease in final amount of undistributed income by KZT0.7m; - assets - by KZT2.7bn, of which: accounts receivable (prepayment for supply of technological equipment and raw materials) - by KZT1.5bn, cash - by KZT841.6m, total incomplete capital investments - by KZT354.6m, other assets - by KZT207.6m, with a decrease in book value of fixed assets - by KZT245.6m; - liabilities - by KZT1.8bn, which is caused by a floatation of second issue bonds for KZT2.0bn with a decrease in current liabilities by KZT169.4m; - sales - by KZT560.8m; - cost of goods sold - by KZT526.8m; - expenses of the period - by KZT165.2m, or 3.7 times; - income from secondary activities - by KZT165.4m, or 345 times; Net income of Almaty Kus OJSC for 9 months of 2001 equaled KZT36.7m, which is KZT35.2m or 25.6 times more than in similar period of 2000. Dynamics of some parameters of Almaty Kus OJSC for third quarter of 2001 on a quarterly, not accumulating sum basis is given below in the table (in th. KZT): ----------------------------------------------------------- Indicator I-2000 II-2000 Change, % III-2000 Change, % ---------- ------ ------- --------- -------- --------- Sales 53,178 290,919 447.1 311,556 7.1 Net income 2,245 9,670 330.7 24,754 156.0 ----------------------------------------------------------- Today in official list of KASE securities of category "A" following securities of Almaty Kus OJSC are traded: - from April 3, 2000 - common inscribed (KZ1C34920412, trade code - BTAS) and preferred inscribed shares; - from July 24, 2001 - second issue coupon bonds (KZ2CUY08A320, trade code - BTASb1; $100; $20m; February 19, 2001 - February 19,2009; semiannual coupon at 12%APR, current yield in the market - 11,50%APR); Primary activities of the company - production and sales of poultry, lease. Main products: commercial and pedigree poultry eggs, pedigree chickens, egg powder and poultry meat.