Results of activity of VALUT-TRANZIT ZOLOTO OJSC (Kazakhstan) for 2002

/KASE, May 6, 03/ - VALUT-TRANZIT ZOLOTO OJSC (Karaganda), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement for 2002: balance sheet, income statement and cash flow statement. The following indicators are result of financial and economic activity of VALUT-TRANZIT ZOLOTO OJSC in 2002, based upon its data (in th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Indicator Jan 01, 02 Jan 01, 03 Change,% ------------------------------------------ ---------- ---------- -------- Issued (paid) authorized capital 1,600,000 1,600,000 0.0 Shareholders' equity 1,600,131 1,602,408 +0.1 Total assets 1,856,825 2,335,407 +25.8 Net working capital 1,545,419 1,349,789 -12.7 Accounts receivable 1,705,251 135,454 -92.1 Total liabilities 256,694 732,999 +185.6 Attracted credits 208,989 233,000 +11.5 Accounts payable 47,705 499,999 +948.1 Sales volume 176,136 254,029 +44.2 Cost of goods sold 99,315 146,119 +47.1 Net income for the period 15,090 1,594 -89.4 ------------------------------------------ ---------- ---------- -------- It's been calculated on the issuer's data: ------------------------------------------ ---------- ---------- -------- Return on sales (ROS), % 43.61 42.48 -2.6 Return on equity (ROE), % 0.94 0.10 -89.5 Return on assets (ROA), % 0.81 0.07 -91.6 Book value of one share, KZT 200.02 200.30 +0.1 Earnings per share (EPS), KZT 2.51 0.27* -89.4 ---------------------------------------------------------------------------- * - earnings per share (EPS) as of January 1 of 2003 has been calculated without taking into account dividends on privileged shares. Relative to 2001 there increase of: - shareholders' equity - by KZT2.3 m. as the result of increase of total sum of undistributed income by the same sum; - assets - by KZT478.6 m., that had ben caused by increase of inventory by 388.8 m., long-term financial investments - by 150.0 m., whereas there took place decrease of other assets by 60.2 m.; - liabilities - by KZT476.3 m., including: accounts payable - by 243.2 m. and attracted credits - by KZT233.0 m.; - sales volume - by KZT77.9 m.; - cost of goods sold - by KZT46.8 m.; - expenses of the period - by KZT64.0 m. Net income, which VALUT-TRANZIT ZOLOTO OJSC received in 2002, decreased by KZT13.5 m., in comparison with previous year. The tale below shows dynamics of some indicators of VALUT-TRANZIT ZOLOTO OJSC OJSC for 2002 by quarters by non-growing total (in th. KZT): --------------------------------------------------------------------------- Change, Change, Change, Indicator I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------ ------- ------- -------- ------- ------- ------- Sales volume 46,545 45,977 -1.2 72,975 +58.7 88,532 +21.3 Net income 273 295 +8.1 148 -49.9 877 +492.7 --------------------------------------------------------------------------- Company's primary activities - production, repairs, storage, purchase and sale of jewelry, which contain precious metals and precious stones; foreign economic activity. [2003-05-06]