Results of DAGOK Kustanaiasbest OJSC (Kazakhstan) activity for 2002

05.05.03 00:00
/KASE, May 5, 03/ - DAGOK Kustanaiasbest OJSC (Zhetikara, Kostanai oblast), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for 2002: balance sheet, income statement and cash-flow statement. The following indicators are results of the issuer's financial and economic activity in 2002, based upon the issuer's information (in th. KZT): ---------------------------------------------------------------------------- As of As of Indicator Jan 01, 02 Jan 01, 03 Change,% ------------------------------------------ ---------- ---------- -------- Issued (paid) authorized capital 460,000 460,000 0.0 Shareholders' equity 1,500,229 1,947,969 +29.8 Total assets 4,964,437 5,617,042 +13.1 Net working capital 735,691 490,337 -33.4 Accounts receivable, net 1,830,564 1,585,877 -13.4 Total liabilities 3,464,208 3,669,073 +5.9 Attracted credits 728,115 599,574 -17.7 Floated bonds 868,481 932,718 +7.4 Accounts payable 1,752,904 1,735,279 -1.0 Sales volume 3,171,790 3,837,452 +21.0 Cost of goods sold 2,649,725 2,821,784 +6.5 Net income (loss) for the period (232,123) 326,023 +240.5 ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 16.46 26.47 +60.8 Return on equity (ROE), % - 16.74 - Return on assets (ROA), % - 5.80 - ---------------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the company - by KZT447.7 m. including total sum of undistributed income by 268.4 m. and additionally unpaid capital - by KZT179.3 m.; - assets - by KZT652.6 m., that was caused by increase of residual value of fixed assets by KZT1.4 bn. and inventories - by 204.7 m., whereas ther took place decrease of investments - by KZT449.5 m., accounts receivable - by 244.7 m. and other assets - by 213.7 m.; - liabilities - by KZT204.9 m. as the result of increase of the sum of deferred taxes by 337.3 m. and other liabilities - by 250.4 m., that was partially covered by decrease of accounts payable by 298.9 m. and credits - by 83.9 m; - sales volume - by KZT665.7 m.; - cost of goods sold - by KZT172.1 m.; Net income, which DAGOK Kustanaiasbest OJSC received according to results of 2002, equaled to KZT326.0 m. against KZT232.1 m. of uncovered loss of 2001. The table below shows dynamics of some indicators of DAGOK Kustanaiasbest OJSC for 2002 by quarters by non-growing total (in m. KZT): --------------------------------------------------------------------------- Change, Change, Change, Index I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------ ------- ------- -------- ------- ------- ------- Sales volume 800.0 937.7 +17.2 1,133.6 +20.9 966.2 -14.8 Net income 75.9 156.1 +105.6 73.1 -53.1 20.9 -71.5 --------------------------------------------------------------------------- Company's primary activities: extraction and concentrating of chrysotile- asbestos and production on this base of commercial asbestos and concomitant building materials. [2003-05-05]