/CORRECTED/ Results of activity of KRTH "ZANGAR" OJSC (Kazakhstan) for 2002

/KASE, May 5, 03, resent in accordance with incorrectly shown data on assets and shareholders equity/ - KRTH "ZANGAR" OJSC (Almaty), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with consolidated 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, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Jan 01, 02 Jan 01, 03 Change,% ------------------------------------------ ---------- ---------- --------- Issued (paid) authorized capital 8,248 8,326 +0.9 Shareholders' equity 986,222 1,126,264 +14.2 Total assets 1,202,152 4,814,033 +300.5 Net working capital -111,792 -455,907 -307.8 Accounts receivable 25,079 3,668,273 +14,526.9 Total liabilities 215,930 3,687,769 +1,607.9 Attracted credits 42,056 3,436,710 +8,071.7 Accounts payable 173,874 251,059 +44.4 Sales volume 7,792 1,057,179 +13,467.5 Cost of goods sold 5,870 220,594 +3,658.0 Net income for the period 106,029 139,964 +32.0 ------------------------------------------ ---------- ---------- --------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- --------- Return on sales (ROS), % 24.67 79.13 +220.8 Return on equity (ROE), % 10.75 12.43 +15.6 Return on assets (ROA), % 8.82 2.91 -67.0 Earnings per share (EPS), KZT* 1,335.14 186.59 -86.0 Book value of one share, KZT** 11,957.25 1,352.72 -88.7 ----------------------------------------------------------------------------- * - as of January 1 of 2003 earnings per share (EPS) was calculated not taking into account dividends on privileged shares. ** - such the significant difference of earnings per share (EPS) on the mentioned dates is explained by the following: - book value of one share as of January 1, 02 has been calculated on shares of the 1st issue, within the framework of which there were issued 74,231 common and 8,248 privileged shares with the face value KZT100 each; - book value of one share as of January 1, 03 has been calculated on shares of the 2nd issue (was registered on November 7, 02 together with annulling of previous issue), within the framework of which there were issued 832,590 shares with the face value KZT10 each, among which: 750,110 - common, 84,480 - privileged. Relative to 2001 there is increase of: - shareholders' equity of the company - by KZT140.0 m. including: undistributed income - 130.2 m. and additional unpaid capital - by 9.7 m.; - assets - by KZT3.6 bn., as the result of increase of long-term accounts receivable by the same sum; - liabilities - by KZT3.5 bn. of them: attracted credits - by 3.4 bn. and accounts payable - by 77.2 bn.; - sales volume - by KZT1.0 bn.; (in 2001 income from area rent were not classified as revenues from primary activity)' - cost of goods sold - by KZT214.7 m. Net income, which KRTH "ZANGAR" OJSC received according to results of 2002, increased by KZT33.9 m. against 2001. The table below shows dynamics of some indicators of KRTH "ZANGAR" 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 220.4 262.8 +19.2 282.1 +7.4 292.0 +3.5 Net income 57.3 146.9 +156.3 -43.9 -129.9 -20.3 +53.8 --------------------------------------------------------------------------- The company's primary activities - rent of trade areas, organization of retail, wholesale and commission trades. [2003-05-06]