Results of VITA LLP (Kazakhstan) in nine months of 2001

/KASE, Nov 6, 01/ - VITA LLP (Almaty) provided the KASE with its financial statements for nine months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in 9 months of 2001 (in th. KZT): ---------------------------------------------------------------- As of As of Change, Ratio July 1 '00 July 1 '01 % ---------------------------------- ---------- ---------- ------- Authorized capital (announced) 100,000 100,000 0.0 Authorized capital (paid) 54,433 100,000 +83.7 Shareholders' equity 312,751 382,741 +22.4 Total assets 791,770 1,334,873 +68.6 Net working capital 304,740 454,532 +49.2 Total liabilities 410,024 952,132 +132.2 Accounts receivable 91,036 145,650 +60.0 Total liabilities 410,024 952,132 +132.2 Accounts payable (including bonds) 82,318 246,613 +199.6 Sales volume 341,044 621,814 +82.3 Cost of goods sold 267,416 452,881 +69.4 Net income of the period 21,131 17,324 -18.0 ---------------------------------------------------------------- Compared to 9 months of 2000 the growth took place in following: - shareholders' equity - by KZT70.0m as a result of an increase in final amount of undistributed income by KZT24.4m and paid part of authorized capital by KZT45.6m; - assets increased by KZT543.1m, including: residual value of fixed assets - by KZT229.2m, cash and its equivalents - by KZT186.9m (including 176.2m - financial investments), inventories - by KZT72.4m and accounts receivable (prepayment for raw materials) - by KZT54.6m; - liabilities - by KZT542.1m, of which: increase of volume of attracted credits- by KZT378.0m, total accounts payable (including bonds of maturity on December 01,01)- by KZT164.3m; - sales volume - by KZT280.8m; - cost of goods sold - by KZT185.5m; - expenses of the period - by KZT86.7m, or 2.6 times (including interest payments - by KZT54.3m, realization expenses - by KZT22.2m, general and administrative expenses - by KZT10.3m). Net income of the company in nine months of 2001 declined by KZT3.8m relative to similar period of last year. The following table represents dynamics of some parameters VITA LLP for the third quarter of year 2001 quarterly not cumulating sum (in thousands tenge): Change, % Change, % Ratio I-2001 II-2001 III-2001 ------------ ------- ------- --------- -------- --------- Sales volume 180,311 448,037 +148.5 354,088 -21.0 net income 30,440 -23,252 -176.4 10,135 +143.6 --------------------------------------------------------- Second issue inscribed coupon bonds (KZ2CKAPUBA19, trade code - VITAb2; $100; $1.5m; Dec 1.00 - Dec 1.01; semiannual coupon at 14.0% APR) of VITA LLP were entered into official list of KASE securities under category "B" on December 6, 2000. Primary activities: purchasing, processing, production and sale of butter and oil products.