Results of Zhyluenergiya OJSC (Kazakhstan) activity for the first quarter of 2002

/KASE, July 23, 02/ - Zhyluenergiya OJSC (Aktobe), whose stocks are circulating under category "B" of the official listing provided KASE with the financial statement in the first quarter of 2002: the balance sheet, income statement and cash flows statement. The following indicators are results of company's financial and economic activity in the first quarter of 2002, based upon company's information (in th. KZT, if otherwise specified): ------------------------------------------------------------- As of As of Indicator Apr 01, 01 Apr 01, 02 Change,% ------------------------------ ---------- ---------- -------- Authorized capital (issued) 120,000 5,000,000 +4,066.7 Authorized capital (paid) 120,000 120,000 - Stockholders' equity 151,684 951,245 +527.1 Total assets 1,424,960 1,980,962 +39.0 Net working capital -110,370 664,210 +701.8 Accounts receivable (net) 1,106,259 1,597,950 +44.4 Total liabilities 1,273,276 1,029,717 -19.1 Short-term loans 25,494 159,768 +526.7 Accounts payable 1,247,782 869,949 -30.3 Sales volume 666,198 684,193 +2.7 Cost of goods sold 533,838 512,050 -4.1 Net income for the period 172,495 134,674 -21.9 Book value of one share, tenge 2,528.07 15,854.08 +527.1 ------------------------------------------------------------- Relative to the corresponding period of 2000 the following changes occurred: - Shareholders' equity of the company increased by KZT799.6m as the result of the growth of reserve capital by KZT632.0m and total sum of undistributed income by KZT167.6m; - assets increased by KZT556.0m, including accounts receivable - by KZT492.4m and other assets - by KZT63.6m; - liabilities decreased by KZT243.6m as a result of decrease of accounts payable by KZT377.8m, having a growth of attracted short-term loans by KZT134.3m; - sales volume increased by - KZT18.0m; - cost of goods sold decreased by KZT21.7m. - expenses of the period increased by KZT13.0m or by 36.8%; - revenues from the secondary activity decreased by KZT62.5m or by 82.9%. By the activity results for the first quarter of 2002 the net income of Zhyluenergiya OJSC decreased by KZT37.8m in comparison with the same period of 2001. The main activities are as follows - production, transfer and realization of electric and heat power and supply with hot water. [2002-07-23]