Results of Bayan-Sulu OJSC (Kazakhstan) activity for the second quarter of 2002

/KASE, September 20, 02/ - Bayan-Sulu OJSC (Kostanai), whose shares are circulating under the stock exchange's official "B" listing category, provided KASE with the financial statement in the Second quarter of 2002: the balance sheet and income statement. The following indicators are results of the issuer's financial and economic activity in the first quarter of 2002, based upon the issuer's information (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator July 01, 01 July 01, 02 Change,% ----------------------------------------- ----------- ----------- -------- Authorized capital (issued) 1,000,000 1,000,000 +0.0 Authorized capital (paid minus withdrawn) 553,172 548,936 -0.8 Shareholders' equity 580,500 605,816 +4.4 Total assets 854,653 898,803 +5.2 Net working capital 247,768 335,053 +35.2 Accounts receivable 296,707 356,360 +20.1 Total liabilities, 274,153 292,987 +6.9 Attracted credits 50,936 80,883 +58.8 Accounts payable 223,217 212,104 +5.0 Sales volume 550,980 720,707 +30.8 Cost of goods sold 492,385 621,228 +26.2 Net income for the period 8,903 10,398 +16.8 Book value of one share, tenge 157.41 165.54 +5.2 ----------------------------------------------------------------------------- Relative to the first quarter of 2001 there is increase of: - Shareholders' equity of the company - by KZT25.3m as the result of increase of total sum of undistributed income by KZT25.4m; - assets - by KZT44.2m, including: accounts receivable by KZT59.7m, inventories - by KZT40.8m and other assets - by KZT4.9m whereas there took place decrease of financial investments by 45.7m and residual value of fixed assets - by 15.5m; - liabilities - by KZT18.8m, that was caused by increase of the volume of attracted credits by29.9m wherease there took place reduction of accounts payable by 11.1m; - Sales volume - by KZT169.7m; - Cost of goods sold - by KZT128.8m. Net income received by Bayan-Sulu OJSC for 6 months of 2002 increased by KZT1.5m relative to similar period of 2001. The company's primary activities: production and sale of confectionery. [2002-09-20]