Results of activity of Corporation Ordabasy OJSC (Kazakhstan) for 9 months of 2003

/KASE, November 17, 03/ - Corporation Ordabasy OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with consolidated financial statement for 9 months of 2003. The following indicators are the result of the issuer's financial and economic activity for 9 months of 2003, based upon the issuer's information (th. KZT): --------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ------------------------- --------- --------- -------- Authorized capital (paid) 938,254 1,452,792 +54.8 Shareholders' equity 1,196,259 1,916,159 +60.2 Total assets 4,348,480 8,259,917 +89.9 Net working capital 1,257,670 2,582,173 +105.3 Accounts receivable 2,984,373 5,025,158 +68.4 Total liabilities 2,784,199 5,994,361 +115.3 Attracted credits 1,809,275 2,834,636 +56.7 Issued bonds 232,500 1,492,279 +541.8 Accounts payable 740,740 1,667,446 +125.1 Sales volume 3,490,204 4,179,529 +19.8 Cost of goods sold 3,096,877 3,383,107 +9.2 Net income for the period 113,928 69,484 -39.0 --------------------------------------------------------- Relative to 9 months of 2002 there is increase of: - shareholders' equity - by KZT719.9 m. in accordance with increase of paid part of authorized capital by 514.5 m. (partial floatation of shares of the 2nd issue), additional paid capital - by 135.7 m., additional unpaid capital - by 58.8 m. and reserve capital - by 26.2 m., whereas there took place decrease of total sum of undistributed income by 15.3 m.; - assets - by KZT3.9 bn., including: accounts receivable - by 2.0 bn., volume of long-term investments - by KZT392.1 m., residual value of fixed assets - by 287.2 m. inventory - by 829.6 m., money and its equivalents (short-term investments) - by 207.5 m. and other assets - by 110.5 m.; - liabilities - by KZT3.2 bn. of them: volume of floated bonds - by 1.3 bn., attracted loans - by 1.0 bn. and accounts payable - by 926.7 m.; - sales volume - by KZT689.3 m.; - cost of goods sold - by KZT286.2 m.; - expenses of the period - by by 478.8 m (2.7 times). Net income, which Corporation Ordabasy OJSC received according to results of 9 months of 2003, decreased in comparison with the net income of similar period of 2002 by KZT44.4 m. Company's primary activities - commercial activity, export-import operations on purchasing and sale of consumer goods, foodstuff, creation and development of goods production. [2003-11-17]