Results of activity of Zerde OJSC (Kazakhstan) for 2002

/KASE, April 15, 03/ - Zerde OJSC (Aktau), whose common shares are circulating in the stock exchange's official "B" listing category, provided KASE with financial statement for 2002: balance sheet, income statement and cash flow statement. Following indexes are result of the issuer's financial and economic activity for 2002, based on the issuer's data (in th. KZT, unless otherwise specified): ------------------------------------------------------------------- as of as of Increase / Index Jan 1, 02 Jan 1, 03 decrease, % -------------------------------- --------- --------- ----------- Issued (paid) authorized capital 75,000 75,000 0 Shareholders' equity 75,290 77,189 +2.5 Total assets 75,332 77,591 +3.0 Net working capital 74,880 76,026 +1.5 Accounts receivable 74,835 42,343 -43.4 Liabilities, total 42 403 +856.3 Accounts payable 42 403 +856.3 Volume of rendered services 268 7,977 +2 874.3 Cost of rendered services 214 2,559 +1 095.0 Expenses of the period 776 3,680 +374.4 Income from secondary activity 1607 1,029 -36.0 Net income 619 1,899 +206.8 -------------------------------- --------- --------- ----------- It's been calculated according to issuer's data: ------------------------------------------------------------------- Return on sales (ROS), % 20.17 67.93 +236.7 Return on equity (ROE), % 0.82 2.46 +199.3 Return on assets (ROA), % 0.82 2.45 +197.9 Book value of one share, KZT 1.00 1.03 +2.5 Earnings per share (EPS), KZT 8.25 25.31 +206.8 ------------------------------------------------------------------- Relative to 2001 there is increase of: - company's shareholders equity - by KZT1.9 m. as the result of increase of the sum of undistributed income by 1.6 m. and formation of reserve capital in the amount of KZT290.0 th.; - assets - by 2.3 m., that was caused by increase of cash and its equivalents (financial investments for 32.6 m.) by 34.0 m., residual value of fixed assets - by 757.0 th., whereas there took place decrease of the sum of accounts receivable by 32.5 m; - liabilities - by 361.0 m., as the result of increase of short-term accounts payable by this sum; - volume of rendered services - by KZT7.7 m. (29.7 times); - cost of rendered services - by KZT2.3 m. (12 times); - expenses of the period (general and administrative expenses) - by KZT2.9 m. (4.7 times). Net income, which Zerde OJSC received in 2002, exceeded similar index of 2001 by KZT1.3 m. or 3 times. The table below shows dynamics of some indicators of Zerde OJSC for 2002 by quarters bynon-growing total (in m. KZT): ---------------------------------------------------------------------------- Change, Change, Change, Index I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------ ------- -------- -------- ------- ------- ------- Sales volume 30.3 2,432.5 +7,928.1 3,383.6 +39.1 2,130.8 -37.0 Net income -88.1 642.7 +829.5 1,128.8 +75.6 215.2 -80.9 ---------------------------------------------------------------------------- Company's primary activities - maintenance of securities holders register. [2003-04-15]