Results of Bayan-Sulu OJSC (Kazakhstan) for 2001

/KASE, Apr 24, 02/ - Bayan-Sulu OJSC (Kostanai), whose common shares are traded in official list of the Exchange's securities under category "B", provided the KASE with its financial statements for 2001 audited by Esepaudit auditing firm LLP (Kostanai): balance sheet and income and cash flow statements. By the data of the company following are the results of financial and economic activity for 2001 (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------- As of As of Change, Ratio Jan 1 '01 Jan 1 '02 % ---------------------------------------- --------- --------- ------- Authorized capital (issued) 1,000,000 1,000,000 0 Authorized capital (paid less withdrawn) 553,172 548,936 -0.8 Shareholders' equity 575,833 608,180 +5.6 Total assets 905,053 947,155 +4.7 Net working capital 220,170 290,299 +31.9 Accounts receivable 290,905 377,505 +29.8 Liabilities, total 329,220 338,975 +3.0 Credits attracted 52,095 51,841 -0.5 Accounts payable 277,125 287,134 +3.6 Sales 1,063,347 1,360,820 +28.0 Cost of goods sold 919,355 1,160,803 +26.3 Net income of the period 35,991 36,583 +1.6 ---------------------------------------- --------- --------- ------- Calculated based on the issuer's data: ---------------------------------------- --------- --------- ------- Return on sales (ROS), % 13.54 14.70 +8.5 Return on equity (ROE), % 6.25 6.02 -3.8 Return on assets (ROA), % 3.98 3.86 -2.9 Book value of 1 share, KZT 156.14 166.19 +6.4 Earning per common share (EPS), KZT 9.76 10.00 +2.4 Price to earnings ratio (P/E) 5.26 - - ----------------------------------------------------------------------- Compared to the year 2000 growth took place in: - shareholders' equity of the company - by KZT32.3m as a result of an increase in final amount of undistributed income by KZT26.6m and reserve capital by KZT10.0m, with a decrease in authorized capital (treasury stock) by KZT4.2m; - assets - by KZT42.1m, including: short-term accounts receivable - by KZT86.6m, inventory - by KZT17.7m, other assets - by KZT110.0 th., with a decrease in residual value of fixed assets and intangible assets by KZT37.9m and cash by KZT24.4m; - liabilities - by KZT9.8m due to an increase in accounts payable by KZT10.0m and decrease in bank credits by KZT254.0 th.; - sales - by KZT297.5m; - cost of goods sold - by KZT241.4m; - general expenses of the period - by KZT25.0m (by 24.3%) as a result of an increase in general and administrative expenses. Net income of Bayan-Sulu OJSC for 2001 equaled KZT36.6m, or KZT592.0 th. more than in 2000. Dynamics of some parameters of Bayan-Sulu OJSC for year 2001 on a quarterly and not accumulating sum basis is given below in the table (th. KZT): --------------------------------------------------------------------------- Change, Change, Change, Ratio I-2001 II-2001 % III-2001 % IV-2001 % ---------- ------- ------- ------- -------- ------- ------- -------- Sales 256,152 294,828 +15.1 355,344 +20.5 454,496 +27.9 Net income 5,336 3,567 -33.2 917 -74.3 26,763 +2,818.5 --------------------------------------------------------------------------- Primary activities of the company - production and sales of confectionery. [2002-04-24]