Results of activity of Bayan-Sulu OJSC (Kazakhstan) for 9 months of 2003

/IRBIS, October 30, 03/ - Bayan-Sulu OJSC (Kostanai), whose shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with financial statement for 9 months of 2003. The following indicators are results of the company's financial and economic activity for 9 months of 2003, based upon its information (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% --------------------------------------------- --------- --------- -------- Authorized capital (paid excluding withdrawn) 548,936 548,936 0.0 Shareholders' equity 597,154 710,636 +19.0 Total assets 894,098 1,134,042 +26.8 Net working capital 332,866 393,263 +18.1 Accounts receivable 364,390 490,076 +34.5 Total liabilities 296,944 423,406 +42.6 Attracted credits 101,632 221,021 +117.5 Accounts payable 195,312 202,385 +3.6 Sales volume 1,116,161 1,529,644 +37.0 Cost of goods sold 975,697 1,266,188 +29.8 Net income for the period 2,499 100,041 +3,903.2 Book value of one share, KZT 163.18 194.19 +19.0 ----------------------------------------------------------------------------- Relative to 9 months of 2002 there is increase of: - shareholders' equity - by KZT113.5 m as the result of increase of total sum of undistributed income by 107.4 m and reserve capital - by 6.5 m., whereas there took place decrease of additional unpaid capital by 0.4 m.; - assets - by KZT239.9 m, including: inventory - by 62.1 m., accounts receivable - by 125.7 m., residual value of fixed assets - by 52.7 m, whereas there took place decrease of other assets by 0.5 m; - liabilities - by KZT126.5 m., of them: attracted credits volume - by 119.4 m. accounts payable - by KZT7.1 m.; - sales volume - by KZT413.5 m.; - cost of goods sold - by KZT290.5 m.; Net income, which Bayan-Sulu OJSC received in 9 months of 2003, increased by KZT97.5 m. (40 times) relative to net income of similar period of 2002. Company's primary activities - production and sale of confectionery. [2003-10-30]