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

/KASE, Dec 7, 01/ - SHNOS OJSC (Shymkent) 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) 62,322 62,323 +0.0 Authorized capital (paid less treasury stock) 61,932 62,292 +0.6 Shareholders' equity 26,647,533 30,876,289 +15.9 Total assets 31,202,968 36,702,731 +17.6 Net working capital 18,723,331 22,824,590 +21.9 Accounts receivable 22,416,339 21,132,534 -5.7 Total liabilities 4,555,434 5,826,442 +27.9 Bonds issued - 1,965,050 - Accounts payable 4,269,934 3,689,901 -13.6 Sales 56,887,184 41,359,774 -27.3 Cost of goods sold 32,880,165 32,878,408 -0.0 Net income (loss) of the period 12,290,495 3,222,756 -73.8 Book value of a share, KZT 430.27 495.67 +15.2 ------------------------------------------------------------------------------ Compared to 9 months of 2000 following changes took place: - shareholders' equity increased by KZT4.2bn as a result of an increase in final amount of undistributed income; - assets increased by KZT5.5bn, due to an increase in incomplete construction - by KZT3.5bn and other assets by KZT2.0bn; - liabilities increased by KZT1.3bn as a result of a floatation of bonds for KZT2.0bn with a decrease in other liabilities by KZT694.0m. - sales decreased by KZT15.5bn; - cost of goods sold declined by KZT1.8m; - expenses of the period increased by KZT1.1bn or 38.2% (general and administrative expenses - by KZT586.7m, sales expenses - by KZT409.5m, interest payments - by KZT120.0m). Net income of SHNOS OJSC in 9 months of 2001 decreased by KZT9.1bn relative to the same period of last year, or 3.8 times. The following table represents dynamics of some parameters of SHNOS OJSC for year 2001 on quarterly and non-cumulative basis (th. KZT): -------------------------------------------------------------- Ratio I-2001 II-2001 Change, % III-2001 Change, % -------------------------------------------------------------- Sales 12,120.1 14,843.5 +22.5 14,396.1 -3.0 Net income 1,057.2 51.3 -95.2 2,114.2 +4,023.8 -------------------------------------------------------------- Primary activities of the company: oil processing and sales of oil products. Now following securities of SHNOS OJSC are traded within official list of Exchange under category "A": - common shares (KZ1C37400310, trade code - SYRG); - coupon bonds (KZ2CUY03A339; SYRGb1; $100; $25m; Feb 26.01 - Feb 26.04; semiannual coupon at 10% APR). Under category "B" of the Exchange - preferred shares (KZ1P37400317, trade code - SYRGp).