Financial Results of Bayan-Sulu OJSC (Kazakhstan) foR 2003

/IRBIS, Galina Tsalyuk, April 9, 04/ - Bayan-Sulu JSC (Kostanai), whose common shares are listed under official "B" category of Kazakhstan Stock Exchange Inc. (KASE), provided KASE with financial statements for 2003. The following indicators are results of the company's financial and economic activity for 2003, based upon its information (in th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ----------------------------------------------------------------------------- Authorized capital (paid excluding withdrawn) 548,936 548,936 0.0 Shareholders' equity 627,817 740,134 +17.9 Total assets 940,218 1,134,457 +20.7 Net working capital 363,648 449,031 +23.5 Accounts receivable 369,480 500,715 +35.5 Total liabilities 312,401 394,323 +26.2 Attracted loans 109,070 232,215 +112.9 Accounts payable 203,331 162,108 -20.3 Sales 1,709,260 2,244,984 +31.3 Cost of goods sold 1,463,810 1,855,916 +26.8 Net income for the period 33,166 130,548 +293.6 ----------------------------------------------------------------------------- Base on issuer's data: ----------------------------------------------------------------------------- Return on Sales, % 14.36 17.33 +20.7 Return on Equity, % 5.28 17.64 +233.9 Return on Assets, % 3.53 11.51 +226.2 Book value of one share, KZT 171.55 202.25 +17.9 Earnings per Share, KZT 9.06 35.67 +293.6 ----------------------------------------------------------------------------- EPS is not calculated because only direct deals were made over these securities in 2002; no deals in 2003. Relative to 2002 following accounts increased: - shareholders' equity - by KZT112.3 m as the result of increase in total undistributed income by 109.8 m and reserve capital - by 3.5 m., whereas additional unpaid capital fell by 956.0 th.; - total assets - by KZT194.2 m, including: inventory - by 34.7 m., accounts receivable - by 131.2 m., residual value of fixed assets - by 25.7 m, other assets by 2.5 m; - total liabilities - by KZT81.9 m., caused by increase in attracted loans - by 123.1 m. that was partially offset by decrease in accounts payable by 41.2 m; - sales - by KZT535.7 m.; - cost of goods sold - by KZT392.1 m.; Net income earned by Bayan-Sulu OJSC in 2003 increased by KZT97.4 m. relative to net income of 2002. Company's primary activities: production and marketing of confectionery. [2004-04-09]