Results of activity of Bayan-Sulu OJSC (Kazakhstan) for 2002

/KASE, May 5, 03/ - Bayan-Sulu OJSC (Kostanai), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with audited Auditing company "Yesepaudit" LLP financial statement for 2002: the balance sheet, income statement and cash flow statement. The following indicators are results of the company's financial and economic activity in 2002, based upon its information (in th. KZT, unless other wise specified): ---------------------------------------------------------------------------- As of As of Indicator Jan 01, 02 Jan 01, 03 Change,% ------------------------------------------ ---------- ---------- -------- Issued (paid) authorized capital 548,936 548,936 0.0 Shareholders' equity 608,180 627,817 +3.2 Total assets 947,155 940,218 -0.7 Net working capital 290,299 363,648 +25.3 Accounts receivable 377,505 369,480 -2.1 Total liabilities 338,975 312,401 -7.8 Attracted credits 51,841 109,070 +110.4 Accounts payable 287,134 203,331 -29.2 Sales volume 1,360,820 1,709,260 +25.6 Cost of goods sold 1,160,803 1,463,810 +26.1 Net income for the period 36,583 33,166 -9.3 ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 14.70 14.36 -2.3 Return on equity (ROE), % 6.02 5.28 -12.2 Return on assets (ROA), % 3.86 3.53 -8.7 Book value of one share, KZT 166.19 171.55 +3.2 Earnings per share (EPS), KZT 10.00 9.06 -9.3 Price earnings ratio (P/E) - 11.03 - ---------------------------------------------------------------------------- Relative to similar period of 2001 there are following changes: - shareholders' equity increased by KZT19.6 m as the result of increase of total sum of undistributed income by 17.2 m and reserve capital - by 3.0 m., whereas there took place decrease of additional unpaid capital by KZT525.0 th.; - assets decreased by KZT6.9 m, of them: financial investments - by 45.7 m., accounts receivable - by 8.0 m, and other assets by 4.3 m. that was partially covered by increase of inventory by 51.1 m; - liabilities decreased by KZT26.6 m that was caused by decrease of accounts payable by KZT83.8 m, whereas there took place increase attracted credits volume by 57.2 m.; - sales volume rose by KZT348.4 m.; - cost of goods sold rose by KZT303.0 m.; Net income, which Bayan-Sulu OJSC received in 2002, decreased by KZT3.4 m. against 2001. The table below shows dynamics of sales volume and net income of Bayan- Sulu OJSC for 2002 by quarters by non-growing total (in th. KZT): ---------------------------------------------------------------------------- Change, Change, Change, Index I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------- ------- ------- -------- ------- ------- ------- Sales volume 331,020 389,687 +17.7 395,454 +1.5 593,099 +49.98 Net income 8,238 2,160 -73.8 -7,899 -465.7 30,667 +488.24 ---------------------------------------------------------------------------- Company's primary activities - production and sale of confectionery. [2003-05-05]