Results of activity of DAGOK Kustanaiasbest OJSC (Kazakhstan) for 9 months of 2003

31.10.03 00:00
/IRBIS, October 31, 03/ - DAGOK Kustanaiasbest OJSC (Zhetikara, Kostanai oblast), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for 9 months of 2003. The following indicators are results of the issuer's financial and economic activity for 9 months of 2003, based upon the issuer's information (in th. KZT): --------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ------------------------- --------- --------- -------- Authorized capital (paid) 460 000 460 000 0.0 Shareholders' equity 1,609,187 2,152,760 +33.8 Total assets 4,961,449 5,519,111 +11.2 Net working capital 910,087 317,192 -65.1 Accounts receivable 2,052,402 1,522,600 -25.8 Total liabilities 3,352,262 3,366,351 +0.4 Attracted credits 675,919 521,546 -22.8 Floated bonds 868,480 892,901 +2.8 Accounts payable 1,804,881 1,879,083 +4.1 Sales volume 2,871,255 3,008,072 +4.8 Cost of goods sold 1,921,041 2,200,642 +14.6 Net income for the period 305,162 202,704 -33.6 --------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the company - by KZT543.6 m. as the result of increase of additionally unpaid capital by 164.4 m., and total sum of undistributed income - by 379.4 m.; - assets - by KZT557.7 m., that was caused by increase of residual value of fixed assets by 1.5 bn., whereas there took place decrease of accounts receivable - by 529.8 m., expenses of future periods - by KZT219.9 m., construction in progress - by 132.8 m. and other assets - by 32.5 m.; - liabilities - by KZT14.1 m. as the result of increase of revenues of future periods by 72.8 m., accounts payable - by 74.2 m. and liabilities on bonds - by 24.4 m., that was compensated by the reduction of attracted credits by 154.4 m. and other liabilities - by 3.0 m. - sales volume - by KZT136.8 m.; - cost of goods sold - by KZT279.6 m. Net income, which DAGOK Kustanaiasbest OJSC received according to results of 9 months of 2003 decreased by KZT102.4 m. in comparison with net-income of similar period of 2002. Company's primary activities: extraction and concentrating of chrysotile-asbestos and production on this base of commercial asbestos and concomitant building materials. [2003-10-31]