REFERENCE: Jyluenergya OJSC (Kazakhstan) - income and expenses

/IRBIS, information of the KASE Listing commission, Nov 9, 01/ - The following information is published due to the admittance of common inscribed and preferred inscribed shares of Jyluenergya OJSC into official list of the Kazakhstan Stock Exchange (KASE) under category "B". Income and expenses dynamics of Jyluenergya OJSC (th. KZT) ---------------------------------------------------------------------------- as of as of as of as of Item Jan 1.99 Jan 1.00 Jan 1.01 July 1.01 -------------------------------- --------- --------- --------- --------- Sales proceeds 1,335,304 1,409,511 1,481,025 858,737 Cost of goods sold 1,430,007 1,292,449 1,427,720 744,758 Gross income -94,703 117,062 53,305 113,979 -------------------------------- --------- --------- --------- --------- Expenses of the period: 91,475 317,748 542,755 67,936 general and administrative 86,780 314,158 516,348 61,546 interest expenses 4,695 3,590 26,407 6,390 -------------------------------- --------- --------- --------- --------- Income from primary activities -186,178 -200,686 -489,450 46,043 Income from secondary activities 207,292 -32,670 677,542 112,402 -------------------------------- --------- --------- --------- --------- Income from regular activities before tax 21,114 -233,356 188,092 158,445 Income tax - - 10,298 - Net income (loss) 21,114 -233,356 177,794 158,445 ---------------------------------------------------------------------------- Sales proceeds of Jyluenergya OJSC increased by KZT146m or 10.9% from 1998 through 2000. In I half of 2001 sales proceeds increased from KZT840m to KZT859m relative to similar period of last year, which is KZT19m or 2.3% increase. Net income of the company increased by KZT157m or 7.4 times from 1998 through 2000. In I half of 2001 net income increased from KZT21m to KZT158m relative to similar period of last year, which is KZT137m or 6.5 time increase. Net income in 1998 and 2000 years was formed based on income from secondary activities, since from primary activities Jyluenergya OJSC was incurring losses. In I half of 2001 income from primary activities equaled KZT46m. In 2000 income from secondary activities equaled KZT678m mainly (excluding expenses) as a result of a recovery of previously written off doubtful debt for KZT112m, fines at KZT154m, works done at KZT182m, exchange rate difference at KZT232m. In I half of 2001 income from secondary activities equaled KZT112m mainly (excluding expenses) as a result of subsidies received from the Akimat of Aktobe at KZT114m. Cost of goods sold almost unchanged from 1998 through 2000. In I half of 2001 this figure fell from KZT755m to KZT745m relative to I half of 2000, which is KZT10m or 1.3% decrease. Expenses of the period increased by KZT451m or 4.9 times from 1998 through 2000. In I half of 2001 expenses of the period increased from KZT58m to KZT68m relative to I half of 2000, which is KZT10m or 17.2% increase.