Results of activity of Ust-Kamenogorsk Battery Farm CJSC (Kazakhstan) in the I half-year of 2003

/IRBIS, September 3, 02/ - Ust-Kamenogorsk Battery Farm CJSC (East Kazakhstan oblast, v. Molodezhniy), whose bonds are circulating under "B" official securities list at KASE, presented KASE the financial statements for the first half-year of 2003. According to financial statement's data the results of the company's financial and economic activity in the first half-year of 2003 are as follows (in th. KZT): ---------------------------------------------------------- As of As of Change, Indicator July 1, 02 July 1, 03 % ------------------------- ---------- ---------- ------- Authorized capital (paid) 274,027 274,027 0.0 Shareholders' equity 1,013,394 1,220,424 +20.4 Total assets 1,822,055 2,055,573 +12.8 Net working capital 130,523 295,901 +126.7 Accounts receivable 146,449 224,019 +53.0 Total liabilities 808,661 835,149 +3.3 Loans attracted 503,640 338,515 -32.8 Accounts payable 305,021 341,634 +12.0 Bonds offered - 155,000 - Sales volume 867,706 518,552 -40.2 Cost of goods sold 592,462 365,018 -38.4 Net income for the period 71,631 60,127 -16.1 ---------------------------------------------------------- Relative to 20021 the following changes occurred: - shareholders' equity of the company grew by KZT207.7 m, as a result of increase in total sum of undistributed income by KZT249.9 m., whereas there took place decrease of additionally unpaid capital by KZT42.9 m.; - assets grew by KZT233.5 m, due to increase in residual value of fixed assets by 140.2 m., inventory - by 82.5 m., accounts receivable - by 77.6 m. and other assets - by 55.3 m., whereas there took place decrease of volumes of construction-in-progress by 122.1 m.; - liabilities grew by KZT26.5 m. due to increase of accounts payable by 36.6 m., and floatation of bonds for 155.0 m., that was partially compensated by decrease of attracted loans volume by 165.1 m.; - sales volume reduced by KZT349.2 m.; - cost of goods sold decreased by KZT227.4 m.; Net income, which Ust-Kamenogorsk Battery Farm CJSC received in the first half-year of 2003, decreased in comparison with the net income of similar period of last year, by KZT11.5 m. Company's primary activities: raising and growing of hens "broiler", processing, packing and sale of hen's meat and derivative production, conducting of activity, which accompanies to the primary one (for example, public utilities for population and organizations). [2003-09-03]