Auditor's report on consolidated financial statement of KRTH "ZANGAR" OJSC (Kazakhstan) for 2001 and 2002
13.08.03 00:00
/KASE, August 13, 03/ - KRTH "ZANGAR" OJSC (Almaty), whose shares
are circulating in Kazakhstan stock exchange's (KASE) "B" listing category,
has presented KASE auditor's reports made by Deloitte&Touche (Almaty),
which had been made on the company's financial statement for 2001 and
consolidated financial statement for 2002, prepared in compliance with
International accounting standards.
Result of the company's financial and economic activity for 2002 and 2001 is
presented by the following indexes, based on the auditor's data (in th. KZT,
unless otherwise specified):
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Indicator 2001 2002
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Paid authorized capital 8,326 8,326
Shareholders' equity 1,550,590 1,502,108
Total assets 2,030,879 5,378,387
Net working capital -140,241 -241,766
Accounts receivable, total 25,079 3,335,390
Liabilities, total 480,289 3,876,279
Attracted credits 42,056 3,436,710
Accounts payable 438,233 439,569
Volume of rendered services 917,344 1,057,179
Cost of rendered services 302,753 258,424
Net income 68,248 262,268
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It's been calculated according to auditor's data:
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Return on sales (ROS), % 67.00 75.56
Return on equity (ROE), % 4.40 17.46
Return on assets (ROA), % 3.36 4.88
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Audit of financial statement of the company and its daughter companies
(hereinafter - Group) was conducted by Deloitte&Touche in compliance with
International auditing standards.
The Group's consolidated financial statement for 2002 comprises financial
statement of Zangar Engineering LLP, Zangar Securities LLP , Zangar
Service LLP (all - Almaty), which were founded in 2002 with 100% stake of
KRTH "ZANGAR" OJSC in their paid authorized capital. Primary activities of
daughter companies - technical service for KRTH "ZANGAR" OJSC.
In the auditor's opinion the financial statements of the company and the
Group exactly in all essential aspects reflects financial position of KRTH
"ZANGAR" OJSC and its daughter companies as of December 31 of 2001
and 2002, results of their financial and economic activity and cash flows for
the years, which ended by these dates, in compliance with International
accounting standards.
Primary activities of KRTH "ZANGAR" OJSC - rent of trade areas,
organization of retail, wholesale and commission trades.
[2003-08-13]