Results of activity of Corporation Ordabasy OJSC (Kazakhstan) for 2002

/KASE, May 5, 03/ - Corporation Ordabasy OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with consolidated financial statement for 2002: balance sheet and income 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 820,000 1,275,000 +55.5 Shareholders' equity 954,077 1,609,890 +68.7 Total assets 4,410,594 6,503,046 +47.4 Net working capital 749,322 363,315 -51.5 Accounts receivable 1,554,900 3,317,501 +113.4 Total liabilities 3,456,831 4,551,689 +31.7 Attracted credits 779,630 2,886,874 +270.3 Accounts payable 2,677,201 1,664,815 -37.8 Sales volume 4,926,135 7,354,365 +49.3 Cost of goods sold 4,736,212 6,746,129 +42.4 Net income for the period 133,175 59,559 -55.3 ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 4.01 8.27 +106.2 Return on equity (ROE), % 13.96 3.70 -73.5 Return on assets (ROA), % 3.02 0.92 -69.7 ------------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the company - by KZT655.8 m. in accordance with increase of paid part of authorized capital by 455.0 m., additionally unpaid capital - by 131.2 m., total sum of undistributed income - 59.6 m., and reserve capital - by 10.0 m.; - assets - by KZT2.1 bn., as the result of increase of accounts receivable - by KZT1.8 bn., investments - by 1.5 bn. and other assets - by KZT942.9 m., whereas there took place inventories by 2.1 bn.; - liabilities - by KZT1.1 bn. that was caused by increase of attracted credits by 2.1 bn., whereas there took place decrease of accounts payable by 1.0 bn.; - sales volume - by KZT2.4 bn.; - cost of goods sold - by KZT2.0 bn. Net income, which Corporation Ordabasy OJSC received according to results of 2002, decreased by KZT73.6 m. against 2001. The table below shows dynamics of some indicators of Corporation Ordabasy 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 2,358.7 417.7 -82.3 713.8 +70.9 3,864.2 +441.4 Net income 3.7 6.9 +86.4 103.4 +1,406.6 -54.4 -152.6 ---------------------------------------------------------------------- The company's primary activities - commercial activity, export-import operations on purchasing and sale of consumer goods, foodstuff, creation and development of goods production. [2003-05-05]