Results of activity of CLAscAS OJSC (Kazakhstan) for the 9 months of 2003

/IRBIS, November 7, 03/ - CLAscAS OJSC (Almaty), whose shares are circulating in the stock exchange's official "B" listing category, provided KASE with financial statements for 9 months of 2003. Following indexes are result of the issuer's financial and economic activity for the 9 months of 2003, based on the issuer's data (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- as of as of Increase / Index Oct 1, 02 Oct 1, 03 decrease, % --------------------------------------------- --------- --------- ----------- Authorized capital (paid excluding withdrawn) 150,000 149,463 -0.4 Shareholders' equity 150,199 149,520 -0.5 Total assets 150,218 152,258 +1.4 Net working capital 149,699 149,020 -0.5 Accounts receivable 3,762 5,821 +54.7 Liabilities, total 19 2,738 +14,013.4 Accounts payable 19 2,483 +12,699.0 Sales volume on primary activity 0 0 - Cost of goods sold 0 0 - Other revenues 346 2,080 +501.0 Expenses of the period 231 2,037 +782.5 Net income (loss) for the period 115 43 -62.4 Book value of one share, KZT 1,000.80 1000.38 -0.0 ----------------------------------------------------------------------------- Relative to similar period of 2003 there are following changes: - company's shareholders equity decreased by KZT679.0 th. as the result of capital withdrawal in amount of KZT616.0 th (repurchase of stocks), that was partially compensated by an increase in retained earnings by 63.0 th.; - assets grew by 2.0 m., that was caused by an increase in accounts receivable by 2.0 m, while other assets reduced by 19.8 th; - liabilities increased by KZT2.7 m as result of increase in accounts payable by 2.5 m and other liabilities - by 255.0 th; Net income earned by CLAscAS OJSC in 9 months of 2003 dropped in comparison with the net income of similar period of 2002 by KZT71.9 th. and was formed exceptionally due to income from secondary activity (rent of building). Company's primary activities - commercial activity, export-import operations on purchase and sale of production and consumer goods, foodstuffs, creation and development of products output. [2003-11-07]