Results of activity of Bayan-Sulu OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 18, 02/ - Bayan-Sulu OJSC (Kostanai), whose shares are circulating under the stock exchange's official "B" listing category, provided KASE with the financial statement for 9 months of 2002: the balance sheet and income statement. The following indicators are results of the issuer's financial and economic activity for 9 months of 2002, based upon the issuer's information (in th. KZT, unless other wise specified): ----------------------------------------------------------- As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% ------------------------------ --------- --------- -------- Authorized capital (announced) 1,000,000 1,000,000 0.0 Issued authorized capital 548,936 548,936 0.0 (paid excluding withdrawn) Shareholders' equity 581,417 597,154 +2.7 Total assets 848,126 894,098 +5.4 Net working capital 256,144 332,866 +30.0 Accounts receivable 282,494 364,390 +29.0 Liabilities, total 266,709 296,944 +11.3 Attracted credits 51,784 101,632 +96.3 Accounts payable 214,925 195,312 -9.1 Sales volume 906,324 1,116,161 +23.2 Cost of goods sold 794,501 975,697 +22.8 Net income for the period 9,820 2,499 -74.6 Book value of one share, KZT 158.88 163.18 +2.7 ----------------------------------------------------------- Relative to similar period of 2001 there increase of: - Shareholders' equity - by KZT15.7 m as the result of increase of total sum of undistributed income by 15.8 m, whereas there took place decrease of additionally unpaid capital by KZT122.0 th.; - assets - by KZT46.0 m, including: accounts receivable - by 81.9 m, inventories - by 26.1 m, whereas there took place decrease of financial investments by 45.7 m, residual value of fixed assets - by 14.3 m and other assets - by 2.0 m; - liabilities - by KZT30.2 m that was caused by increase of the volume of attracted credits by 49.8 m, whereas there took place decrease of accounts payable by KZT19.6 m; - sales volume - by KZT209.8 m; - cost of goods sold - by KZT181.2 m; Net income received by Bayan-Sulu OJSC for 9 months of 2002 decreased in comparison with similar period of last year by KZT7.3 m as the result of increase of expenses on secondary activity (because of net income) by KZT26.6 m. The tale below shows dynamics of some indicators of Bayan-Sulu OJSC for 9 months of 2002 by quarters by non-growing result (in th. KZT): ----------------------------------------------------- Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------ ------- ------- ------- -------- ------- Sales volume 331,020 389,687 +17.7 395,454 +1.5 Net income 8,238 2,160 -73.8 -7,899 -465.7 ----------------------------------------------------- The company's primary activities - production and sale of confectionery. [2002-11-18]