REFERENCE: ARNA OJSC (Kazakhstan) - financial indices

/IRBIS, November 20, 02/ - The data below was published by IRBIS in accordance with including into Kazakhstan stock exchange's (KASE) official "А" listing category of inscribed coupon bonds of ARNA OJSC (Almaty) of the first issue. The reference has been made by the materials of KASE's listing commission's conclusion. ARNA OJSC makes financial statement in compliance with Kazakhstan accounting standards, and also banking legislation of Kazakhstan. Below is data of the company's non-audited financial statement (th. KZT, unless otherwise specified). ------------------------------------------------------------------------ As of As of As of As of Indicator Jan 1, 00 Jan 1, 01 Jan 1, 02 July 1, 02 --------------------------- --------- --------- --------- ---------- Issued authorized capital 2,500 2,500 5,000 5,000 Shareholders' equity 799,227 1,013,818 1,186,768 1,182,592 Book value assets 1,107,520 1,230,492 1,505,789 1,554,239 Working capital 354,013 279,545 32,907 -19,391 Accounts receivable 527,814 486,056 770,554 825,927 Liabilities 308,293 216,675 319,021 371,647 Attracted credits 0 0 150,200 153,100 Accounts payable 308,293 216,675 168,821 218,547 Volume of rendered services 1,082,817 1,207,847 1,303,457 740,861 Cost of services rendered 689,702 738,073 842,541 486,988 Net income 268,979 212,672 172,950 15,989 Return on sales (ROS), % 36.30 38.89 35.36 34.27 Return on equity (ROE), % 33.65 20.98 14.57 1.35 Return on assets (ROA), % 24.29 17.28 11.49 1.03 ------------------------------------------------------------------------ Auditing of the company's financial statement, which was made in compliance with Kazakhstan accounting standards, was conducted in 1999-2001 by Arthur Andersen (Almaty). Below is the data of the company's audited financial statement (th. KZT, unless otherwise specified). ------------------------------------------------------------ As of As of As of Indicator Jan 1, 00 Jan 1, 01 Jan 1, 02 --------------------------- --------- --------- --------- Issued authorized capital 2,500 2,500 5,000 Shareholders' equity 739,820 967,318 1,137,399 Book value assets 1,048,113 1,183,995 1,477,704 Working capital 348,504 528,735 549,150 Accounts receivable 438,773 419,588 694,034 Liabilities 308,293 216,677 340,305 Attracted credits 0 0 150,200 Accounts payable 308,293 216,677 190,105 Volume of rendered services 1,082,816 1,190,786 1,303,456 Cost of services rendered 699,963 738,073 842,541 Net income 219,572 227,498 170,081 Return on sales (ROS), % 35.36 38.02 35.36 Return on equity (ROE), % 29.68 23.52 14.95 Return on assets (ROA), % 20.95 19.21 11.51 ------------------------------------------------------------ In the opinion of Arthur Andersen financial statement of ARNA OJSC as of December 31 of 1999, 2000 and 2001 exactly and correctly, in all significant aspects, reflects the company's financial situation, and also results of its activity and cash flows for the years, which ended by the mentioned dates, in compliance with Kazakhstan accounting standards. [2002-11-20]