Results of activity of KRTH "ZANGAR" JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, May 4, 04/ - KRTH "ZANGAR" JSC (Almaty), whose securities are circulating in the official list of Kazakhstan stock exchange Inc. (KASE): shares - in "B" category, bonds - in "A" category, provided KASE with financial statement for 2003 prepared in compliance with Kazakhstan accounting standards. Following indicators are result of the issuer's financial and economic activity in 2003, based upon the issuer's data (th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ------------------------------ --------- --------- -------- Authorized capital (paid) 8,326 233,923 +2,709.5 Total assets 4,814,033 4,928,966 +2.4 Shareholders' equity 1,126,264 1,610,526 +43.0 Net working capital -455,907 1,414,847 -410.3 Accounts receivable 3,676,813 3,926,114 +6.8 Total liabilities 3,687,769 3,318,440 -10.0 Borrowed loans 3,436,710 3,128,821 -9.0 Accounts payable 251,059 157,565 -37.2 Sales volume 1,057,179 1,099,298 +4.0 Cost of goods sold 220,594 184,016 -16.6 Net income 139,964 258,747 +84.9 ------------------------------ --------- --------- -------- Calculated by issuer's data ------------------------------ --------- --------- -------- Return on sales (ROS), % 79.13 83.26 +5.2 Return on equity (ROE), % 12.43 16.07 +29.3 Return on assets (ROA), % 2.91 5.25 +80.6 Earnings per share (EPS), KZT* 76.63 13.00 -83.0 Book value of one share, KZT 1,352.72 68.85 -94.9 -------------------------------------------------------------- * - as of January 1 of 2004 earning per one common share (EPS) has been calculated without dividends on privileged shares. Relative to 2002 there are following changes: - shareholders' equity increased by KZT484.3 m. as the result of increase of undistributed income by 286.8 m., the paid part of authorized capital - by 225.6 m. (floatation of shares of the 3rd issue), whereas there took place decrease of additional unpaid capital by 28.2 m.; - assets increased by KZT114.9 m. as the result of increase of accounts receivable by 249.3 m. that was covered by decrease of cost of other assets by 134.4 m.; - liabilities decreased by KZT369.3 m. that was caused by falling of the volume of borrowed loans by 307.9 m. and accounts payable - by 93.5 m.б whereas there took place growth of other liabilities by 32.0 m.; - sales volume increased by KZT42.1 m.; - cost of goods sold decreased by KZT36.6 m. Net income, which KRTH "ZANGAR" OJSC received in 2003, grew in comparison with net income of the year 2002 by KZT118.8 m. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trade. [2004-05-04]