Results of activity of VITA OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 27, 02/ - VITA OJSC (Almaty), whose bonds 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, income statement and cash flow 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): ------------------------------------------------------------------ As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% ---------------------------------- --------- --------- -------- Issued authorized capital (paid) 100,000 100,000 0.0 Shareholders' equity 382,741 436,734 +14.1 Total assets 1,334,873 2,279,952 +70.8 Net working capital 454,532 418,527 -7.9 Accounts receivable 145,650 701,691 +381.8 Liabilities, total 952,132 1,843,219 +93.6 Attracted credits 705,519 965,146 +36.8 Accounts payable (including bonds) 246,613 878,073 +256.1 Sales volume 621,814 762,594 +22.6 Cost of goods sold 452,881 544,916 +20.3 Net income for the period 17,324 41,274 +138.2 ------------------------------------------------------------------ Relative to similar period of 2001 there increase of: - Shareholders' equity - by KZT54.0 m as the result of reserve capital formation in the amount of 112.5 m, whereas there took place decrease total sum of undistributed income by 54.8 m and additionally unpaid capital - by KZT3.7 m; - assets - by KZT945.1 m, including: accounts receivable - by 715.8 m, volume of construction in progress - by 102.9 m and other assets - by 126.4 m; - liabilities - by KZT891.1 m that was caused by increase of accounts payable by 631.5 m (including liabilities on floated bonds for 485.9 m) and attracted credits by KZT259.6 m; - sales volume - by KZT140.8 m; - cost of goods sold - by KZT92.0 m; - expenses of the period - by KZT53.2 m (by 38.0%); - revenues from secondary activity - by KZT21.0 m (5 times) Net income received by VITA OJSC by the results of 9 months of 2002 increased in comparison with similar period of 2001 by KZT24.0 m or 2.4 times. The tale below shows dynamics of some indicators of VITA 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 339,742 199,417 -41.3 223,435 +12.0 Net income 15,003 8,115 -45.9 18,156 +123.7 ---------------------------------------------------------- The company's primary activities - production, purchasing, processing and sale of agricultural production; transportation, keeping and refining of oil and other activities. [2002-11-27]