REFERENCE: Corporation Ordabasy OJSC (Kazakhstan) - financial indicators

/IRBIS, August 08, 02/ - The data below are published in accordance with admittance of inscribed coupon indexed bonds of Corporation Ordabasy OJSC (Almaty) of the first issue (KZ2CKY03A593; KZT1,000.00; KZT1,550.0m; August 08, 02 - August 08, 05; semiannual coupon at 11.0% APR) into Kazakhstan Stock Exchange's (KASE) official "A" listing category. The reference has been made by the materials of KASE listing commission conclusion. Corporation Ordabasy OJSC presented KASE the following financial statement prepared in compliance with Kazakhstan accounting standards: balance sheets, income statement, cash flow statements for 1999 - 2001, and intermediate financial statement for the first quarter of 2002. The table below shows data of non-audited, non-consolidate financial statement of the company and indicators calculated in compliance with their base by stock exchange's specialists (in th KZT unless otherwise specified, for Jan 01, 00 - data of not audited statements). --------------------------------------------------------------------- As of As of As of As of Name of indicator Jan 1, 00 Jan 1, 01 Jan 1, 02 Apr 1, 02 ------------------------- --------- --------- --------- --------- Authorized capital (paid) 550 820,000 820,000 900,000 Shareholders' equity 804 820,902 954,077 1,037,759 Book value of assets 329,098 1,311,122 4,410,594 3,987,788 Net working capital -40,213 747,891 747,087 831,693 Accounts receivable 279,388 1,215,715 1,556,531 3,310,343 Total liabilities 328,294 490,220 3,456,517 2,950,029 Loans attracted 29,000 216,750 779,630 834,550 Accounts payable 299,294 273,470 2,677,201 2,114,102 Sales volume 782,195 269,825 4,926,135 2,358,734 Cost of goods sold 772,046 248,582 4,736,212 2,289,836 Net income 1,246 648 133,175 3,682 ------------------------- --------- --------- --------- --------- Return on sale (ROS), % 1.30 7.87 3.86 - Return on equity (ROE), % 154.99 0.08 13.96 - Return on assets (ROA), % 0.38 0.05 3.02 - --------------------------------------------------------------------- Audit of financial statements of the company, prepared in compliance with Kazakhstan accounting standards, was carried out in 2000-2001 by KPMG Janat (Almaty), in first quarter of 2002 - BEREKE-AUDIT LLP (Almaty, license of the Ministry of Finance of Kazakhstan of March 21, 2000 #000071). In KPMG Janat opinion consolidated financial statements as of December 31, 2000 and December 31, 2001 (with exception of inability to receive complete information about inventories as of the end of 2000 and 2001) precisely in all significant aspects reflect financial situation of the company in compliance with Kazakhstan standards of accounting. In addition, the auditor notes that by results of 2000 and 2001 the company had negative cash flows from operating activity (2000 - KZT965,671 th., 2001 - 394,634 th.) and draws an attention on presence of significant vagueness in regards of ability of the company to continue permanent activity. The table below shows data on financial statements of companies, where the issuer owns 30% or more of authorized capital (th KZT unless otherwise specified). --------------------------------------------------------------- As of As of As of As of Name of indicator Jan 1.00 Jan 1.01 Jan 1.02 Apr 1.02 -------------------- -------- --------- --------- --------- Altyn Alma Susyn LLP Shareholders' equity 240,327 1,296,601 4,839,165 4,166,931 Book value of assets 42,603 42,319 41,646 41,637 Sales volume 43,693 43,785 200,998 210,997 Net income (loss) 1,672 1,635 1,203 0 Ordabasy-Agro LLP Shareholders' equity 0 0 -641 3,522 Book value of assets 0 0 442 362,373 Sales volume 0 0 6,115 94,641 Net income (loss) 0 0 -718 3,444 --------------------------------------------------------------- [2002-08-08]