Results of Jyluenergya OJSC (Kazakhstan) in 9 months of 2001

/KASE, Dec 5, 01/ - Jyluenergya OJSC (Aktobe) 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 in 9 months of 2001 (in th. KZT unless otherwise specified): --------------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % --------------------------------------------------------------- Authorized capital (paid) 120 000 120 000 0,0 Shareholders' equity 55,070 216,476 +293.1 Total assets 1,912,574 1,938,483 +1.4 Net working capital -392,459 -73,372 +81.3 Accounts receivable 1,418,903 1,557,671 +9.8 Liabilities 1,857,504 1,722,007 -7.3 Short-term credits 332,894 356,234 +7.0 Accounts payable 1,524,610 1,365,773 -10.4 Sales 922,764 941,188 +2.0 Cost of goods sold 907,090 904,585 -0.3 Net income (loss) of the period 216,895 232,990 +7.4 Book value of a share, KZT 91.78 3,607.93 +3,830.9 --------------------------------------------------------------- Compared to 9 months of 2000 following changes took place: - shareholders' equity increased by KZT161.4m as a result of an increase in final amount of undistributed income - by KZT196.1m with a decrease in additional unpaid capital - by KZT34.7m; - assets increased by KZT25.9m, of which: increase in accounts receivable - by KZT139.2m, inventory - by KZT33.9m, other assets - by KZT11.7m, with a decrease in residual value of fixed assets - by KZT121.5m and incomplete construction - by KZT37.4m; - liabilities decreased by KZT135.5m as a result of a decrease in short- term accounts payable - by KZT158.8m with an increase in attracted short-term credits - by KZT23.3m. - sales increased by KZT18.4m; - cost of goods sold declined by KZT2.5m; - expenses of the period increased by KZT9.9m (9.9%) as a result of an increase in general and administrative expenses by KZT7.5m and interest payments by KZT2.4m. Net income of Jyluenergya OJSC in 9 months of 2001 increased by KZT16.1m relative to the same period of last year. The following table represents dynamics of some parameters of Jyluenergya OJSC for year 2001 on quarterly and non-cumulative basis (th. KZT): ------------------------------------------------------------ Ratio I-2001 II-2001 Change, % III-2001 Change, % ------------------------------------------------------------ Sales 666,198 192,539 -71.1 82,451 -57.2 Net income 172,495 -14,050 -108.1 74,545 +630.6 ------------------------------------------------------------ Common (KZ1C19170314, trade code - ZHEN) and preferred (KZ1C19170319, trade code - ZHENp) shares of Jyluenergya OJSC are in official list of KASE securities under category "B" from November 7, 2001. Primary activities of the company: production, transmission and sales of heat and supply of hot water.