Audited financial statements of Ust-Kamenogorsk Battery Farm CJSC (Kazakhstan) for 2002

/KASE, July 8, 02/ - Ust-Kamenogorsk Battery Farm CJSC (East Kazakhstan oblast, v. Molodezhniy), whose bonds are traded under "B" official securities list at KASE, presented KASE the audited financial statements for 2002. According to audited financial statement's data the results of the company's financial and economic activity in 2002 are as follows (in th. KZT, unless otherwise indicated): ----------------------------------------------------- As of As of Change, Indicator Jan 1, 02 Jan 1, 03 % ------------------------- --------- --------- ------- Authorized capital (paid) 274,027 274,027 0,0 Shareholders' equity 702,487 1,108,166 +57,7 Total assets 1,485,039 1,807,251 +21,7 Net working capital 74,188 94,965 +28,0 Accounts receivable (net) 57,279 47,481 -17,1 Total liabilities 782,554 699,085 -10,7 Loans attracted 517,539 403,013 -22,1 Accounts payable 265,014 296,073 +11,7 Sales 1,640,040 1,787,100 +9,0 Cost of goods sold 1,024,168 1,244,888 +21,6 Net income 223,807 166,472 -25,6 ------------------------- --------- --------- ------- According to the auditor's data it's been calculated: ----------------------------------------------------- Return on sales (ROS), % 37.55 30.34 +19.2 Return on equity (ROE), % 31.86 15.02 +52.8 Return on assets (ROA), % 15.07 9.21 +38.9 ----------------------------------------------------- Relative to 2001 the following changes occurred: - shareholders' equity of the company grew by KZT405.7 m, as a result of increase in additionally unpaid capital by KZT196.4m and amount of retained earnings - by KZT146.1 m; - assets grew by KZT322.2 m, due to increase in depreciated value of fixed assets by 495.7m and cash - by 81.9m having a decrease in volumes of construction-in-progress by 250.9m and other assets - by 4.4m; - liabilities reduced by KZT83.5m due to decrease of attracted loans by 114.5m, which was partly compensated by the growth of accounts payable by 31.1m; - cost of goods sold up by KZT220.7m; In 2002 Ust-Kamenogorsk Battery Farm CJSC received net income, which was KZT57.3m less than in 2001. Below is the table of dynamics of some indicators of the company in 2002 with non-cumulative quarter results (in th KZT): --------------------------------------------------------------------- Change, Change, Change, Indicator I-2002 II-2002 % III-2002 % IV-2002 % ------------ ------- ------- ------- -------- ------- ------- ------- Sales volume 376,360 491,346 +30.6 415,670 -15.4 503,725 +21.2 Net income 9,851 61,780 +527.1 30,309 -50.9 64,531 +112.9 --------------------------------------------------------------------- Company's primary activities: rearing of chicken "broiler", processing, packing and realization of chicken meat and products, maintaining accompanying activities (for ex.: public utilities for individuals and organizations). [2003-07-08]