Results of Bayan-Sulu OJSC (Kazakhstan) activity for the first quarter of 2002
17.05.02 00:00
/KASE, May 17, 02/ - Bayan-Sulu OJSC (Kostanai), which shares are traded
under category B of the official listing provided KASE with financial report
for the first quarter of 2002 (the balance sheet, cash flows and income
statement).
The following indicators are results of company's economic activity for three
months of 2002, based upon the issuer's data (in th. KZT, unless otherwise
specified):
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As of As of
Indicator Apr 1,01 Apr 1,02 Change, %
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Authorized capital (issued) 1,000,000 1,000,000 0
Authorized capital (paid less withdrawn) 553,172 548,936 -0.8
Shareholders' equity 581,169 616,418 +6.1
Total assets 892,307 907,216 +1.7
Net working capital 236,839 350,097 +47.8
Accounts receivable 291,607 371,160 +27.3
Total liabilities 311,138 290,798 -6.5
Attracted credits 49,723 61,305 +23.3
Accounts payable 261,415 229,493 -12.2
Sales volume 256,152 331,020 +29.2
Cost of goods sold 232,555 283,477 +21.9
Net income for the period 5,336 8,238 +54.4
Book value of 1 share, KZT 157.59 168.44 +6.9
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Relative to similar period of the year 2001 there were chages of:
- shareholders' equity of the company grew by KZT35.2m as a result of an
increase of final amount of undistributed income by KZT29.5m and reserve
capital - by KZT10.0m at a withdrawal of authorized capital (buying out of
its own shares) by KZT4.2m;
- assets grew by KZT14.9m, from which: short-term accounts receivable - by
KZT79.6m, inventories - by KZT15.7m at a decline of residual value of fixed
assets by KZT31.5m, financial investments - by KZT45.7m and other assets -
by KZT3.2m;
- liabilities decreased by KZT20.3m that was conditioned with decrease of
accounts payable by KZT31.9m at a rise of volume of attracted fro banks
credits by KZT11.6m;
- sales volume grew by KZT74.9m;
- cost of goods sold grew by KZT50.9m;
- period expenses increased by KZT6.6m or by 26.4% as a result of a rise of
general and administrative expenses by KZT6.4m (by 31.0%).
Net income of Bayan-Sulu OJSC by results of the first quarter of current year
grew relative to similar period of the year 2001 by KZT2.9m.
Main types of the company's activity are production and realization of
confectionery.
[2002-05-17]