Auditor's report on RG Brands OJSC (Kazakhstan) financial statement for 2001

/KASE, July 24, 02/ - RG Brands OJSC (Almaty), whose securities are circulating under stock exchange's official "A" listing category, presented KASE auditor's report of Price Waterhouse Coopers (Almaty), made on the company's financial statement for 2001, prepared in compliance with Kazakhstan accounting standards. According to the data of independent auditor result of the company's financial and economic activity by December 31, 2001 and 2000 were the following indicators (in th KZT unless otherwise specified): ---------------------------------------------------------------------- Indicator 2000 2001 ------------------------------------------------ --------- --------- Authorized capital (paid) 705,000 705,000 Shareholders' equity 726,034 797,971 Total assets 1,250,916 1,802,377 Net working capital 558,887 696,296 Accounts receivable, total 587,447 537,770 Total liabilities 524,882 1,004,346 Loans made 256,775 758,322 Leasing 233,450 197,717 Accounts payable 34,657 48,307 Sales volume of goods (services) 484,194 838,979 Cost of goods sold (services rendered) 350,516 621,164 Net income (loss) 20,995 21,194 ------------------------------------------------ --------- --------- According to the auditor's data it's calculated: ------------------------------------------------ --------- --------- Return on sales (ROS), % 27.6 26.0 Return on equity (ROE), % 2.9 2.7 Return on assets (ROA), % 1.7 1.2 ---------------------------------------------------------------------- Audit was carried out by Price Waterhouse Coopers in accordance with Kazakhstan auditing standards. In auditor's opinion financial statements in all essential aspects show true representation of financial situation of the company as of December 31, 2001 and 2000, consolidated results of financial and economic activity and cash flows for the reported years in compliance with Kazakhstan accounting standards. [2002-07-24]