Results of Almaty kus OJSC activity for the first quarter of 2002

/KASE, June 05, 02/ - Almaty Kus OJSC (Almaty oblast, v. Chapaevo), which securities are circulating under "A" official listing category provided KASE with financial statements for the first quarter of 2002: balance sheet and income statement. The following indicators are results of bank's financial and economic activity for three months of 2002, based upon the issuer's data (in th. of KZT, unless otherwise specified): ------------------------------------------------------------------------------- As of As of Change, Indicator Apr 1,01 Apr 1,02 % ----------------------------------------------- --------- --------- -------- Authorized capital (less purchased back shares) 1,100,000 1,200,000 +9.1 Shareholders' equity 1,146,656 1,590,871 +38.7 Total assets 1,924,112 4,929,843 +156.2 Working capital 116,010 3,445,430 +2,869.9 Accounts receivable 523,440 2,162,075 +313.1 Total liabilities 777,456 3,263,902 +319.8 Attracted credits - 327,039 - Issued bonds 629,901 2,585,421 +310.4 Accounts payable 147,555 426,512 +189.1 Sales volume 53,178 279,730 +426.0 Cost of goods sold 17,049 275,365 +1,515.1 Net income for the period 2,245 20,520 +814.0 Book value of 1 share, KZT 10.42 13.26 +27.2 ------------------------------------------------------------------------------- Relative to similar period of the year 2001 the growth of major components was as follows: - company's shareholders' equity - by KZT442.2m as a result of an increase of paid part of authorized capital - by KZT100.0m (floatation of common stocks of the 2nd issue and preferred stocks of the 3rd issue), additionally paid capital - by KZT274.9m; final amount of undistributed income by KZT57.7m and reserved capital - by KZT11.7m; - assets - by KZT3.0bn, including accounts receivable - by KZT1.6bn, cash - by KZT1.3bn and other assets - by KZT438.4m having downsizing of financial investments by KZT400m (selling of Kombikormoviy zavod OJSC and Food Brothers OJSC stocks; - liabilities - by KZT2.6bn including: deposits that was caused by floatation of bonds of 2nd issue amounted to KZT2.6bn; - sales volume - by KZT226.5m (5.3 times); - cost of goods sold - by KZT258.3m (16.2 times); - expenses during the period - KZT74.9m. Net income of Almaty Kus OJSC by results of the first quarter of current year increased relative to similar period of last year by KZT18.3m or 9.3 times. Major company's types of activity - production and selling of poultry products, leasing. Main product types: marketable and pedigree egg of bird, egg powder and bird's meat. [2002-06-05]