Results of RG Brands OJSC (Kazakhstan) in 2001

/KASE, March 4, 02/ - RG Brands OJSC (Almaty) provided the KASE with its financial statements for 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in 2001 (in th. KZT): ----------------------------------------------------------- As of As of Change, Ratio Jan 1 '01 Jan 1 '02 % ------------------------------- --------- --------- ------- Authorized capital 705,000 705,000 0.0 Shareholders' equity 727,042 806,375 +10.9 Total assets 1,250,003 1,804,636 +44.4 Net working capital 655,566 812,246 +23.9 Accounts receivable 585,638 539,882 -7.8 Total liabilities (incl. bonds) 522,961 998,262 +90.9 Accounts payable 268,058 277,302 +3.4 Issued bonds - 600,800 - Loans attracted 254,902 120,160 -52.9 Sales 485,616 845,141 +74.0 Cost of goods sold 350,035 621,141 +77.5 Net income of the period 20,614 28,589 +38.7 ------------------------------- --------- --------- ------- Calculated by data of issuer: 20,614 28,589 +38.7 ------------------------------- --------- --------- ------- Return on sales (ROS), % 27.92 26.50 -5.1 Return on equity (ROE), % 2.84 3.55 +25.0 Return on assets (ROA), % 1.65 1.58 -3.9 ----------------------------------------------------------- Compared to 2000 growth took place in: - shareholders' equity of the company - by KZT79.3m as a result of an increase in additional unpaid capital by KZT50.7m and final amount of undistributed income by KZT28.6m; - assets - by KZT554.6m, including: investments into securities - by KZT450.9m (KZT449.5m - shares of Bank TuranAlem OJSC, KZT1.4m - government securities), inventory - by KZT168.3m with a decrease in current accounts receivable by KZT45.8m and other assets by KZT18.8m; - liabilities - by KZT475.3m, which is due to the floatation of bonds for KZT600.8m, growth in accounts payable by KZT9.2m with a decrease in volume of attracted loans by KZT134.7m; - sales - by KZT359.5m; - cost of goods sold - by KZT271.1m; - expenses of the period - by KZT54.3m or 41.8% (as a result of an increase in interest expenses). Net income of RG Brands OJSC in 2001 equaled KZT28.6m in 2001, which is KZT8.0m more than in last year. The following table represents dynamics of some parameters of RG Brands OJSC for year 2001 on a quarterly and non-cumulative sum basis (in m KZT): ------------------------------------------------------------------ Change, Change, Change, Ratio I-2001 II-2001 % III-2001 % IV-2001 % ---------- ------ ------- ------- -------- ------- ------- ------- Sales 193.4 213.9 +10.6 202.9 -5.2 235.0 +15.9 Net income 7.0 4.6 -33.9 27.2 +491.0 -10.2 -137.4 ------------------------------------------------------------------ Primary activities: production and sale of natural juices and beverages, marketing services. Second issue inscribed coupon bonds (KZ72KAT51A39, RGBRb2, Jan 8.01 - Jan 8.03, $100, $4.0m, semiannual coupon at 13.0% APR) of RG Brands OJSC were admitted into official list of the KASE securities under category "A" on February 5, 2001.