Results of ARNA OJSC (Kazakhstan) activity for 2002

/KASE, July 8, 02/ - ARNA OJSC (Almaty), whose bonds are traded under "A" official securities list at KASE, presented KASE the 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) 5,000 5,000 0.0 Shareholders' equity 1,186,768 1,357,149 +14.4 Total assets 1,505,789 1,947,294 +29.3 Net working capital 32,907 -116,070 -452.7 Accounts receivable (net) 770,554 750,878 -2.6 Total liabilities 319,021 590,144 +85.0 Loans attracted 150,200 328,491 +118.7 Accounts payable 168,821 261,653 +55.0 Sales 1,303,457 1,579,461 +21.2 Cost of goods sold 842,541 938,864 +11.4 Net income 172,950 170,382 -1.5 ------------------------- --------- --------- ------- According to the auditor's data it's been calculated: -------------------------------------------------------- Return on sales (ROS), % 13.3 10.8 -18.7 Return on equity (ROE), % 14.6 12.6 -13.9 Return on assets (ROA), % 11.5 8.7 -23.8 -------------------------------------------------------- Relative to 2001 the growth occurred in: - shareholders' equity of the company - by KZT170.4 m, as a result of increase of retained earnings by the same amount; - assets - by KZT441.5 m, due to increase in depreciated value of fixed assets by 197.2 m, volumes of construction-in-progress by 135.5m and other assets - by 108.8m; - liabilities - by KZT271.1m, including: attracted loans - by 178.3m and accounts payable by 92.8m; - sales volume - by KZT276.0 m; - cost of goods sold - by KZT96.3 m; - expenses of the period - by KZT201.2 m (2 times). In 2002 Ust-Kamenogorsk Battery Farm CJSC received net income, which was KZT2.6m 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 352,565 388,296 +10.1 410,515 +5.7 428,085 +4.3 Net income 27,977 -11,987 -142.8 42,180 +451.9 112,213 +166.0 ---------------------------------------------------------------------------- Company's primary activities: introduction and running of net and system of electric and radio communication; development, introduction and running new technologies and services in telecommunication and information science. [2003-07-08]