Results of activity of Accept-Terminal JSC (Kazakhstan) in I quarter 2004

/IRBIS, Galina Tsalyuk, August 11, 04/ - Accept-Terminal JSC (Almaty), whose shares are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the first quarter of 2004. Following is the result of the issuer's financial and economic activity in I quarter 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------ As of As of Indicator Apr 1, 03 Apr 1, 04 Change,% ---------------------------- --------- --------- -------- Authorized capital (paid) 11,000 71,000 +545.5 Shareholders' equity 675,590 685,124 +1.4 Total assets 1,774,319 941,659 -46.9 Net working capital -147,741 422,508 +386.0 Accounts receivable 665,306 430,208 -35.3 Total liabilities 1,098,729 256,535 -76.7 Borrowed loans 63,155 188,453 +198.4 Accounts payable 957,980 68,082 -92.9 Sales volume 163,334 149,607 -8.4 Cost of goods sold 130,002 85,260 -34.4 Net income (loss) (35,570) 31,061 +187.3 Book value of one share, KZT 61,417.27 6,172.29 -90.0 ------------------------------------------------------------ Shareholders' equity - by KZT 9.5 m compared to I quarter 2003 including: increase of paid-up part of authorized capital - 60.0 m; and decrease of retained earnings - 49.9 m and additional unpaid capital - by 582.0 thousands; Relative to I quarter 2003 there is decrease of: - assets - by KZT 832.7 m., of them: depreciated cost of fixed assets - 469.2 m., accounts receivables - 235.1 m; construction in progress - 168.8 m., and other assets - by 77.9 m; while financial investments grew by 118.3 m.; - liabilities - by KZT 842.2 m. including accounts payable - by 890.0 m, deferred taxes - 77.6 m; that was partially covered by growth of the volume of borrowed loans by 125.3 m.; - volume of rendered services - by KZT 13.7 m.; - cost of rendered services - by KZT 44.7 m. Net income in the first quarter 2004 equaled KZT 31.1 m against loss of 35.6 m in the similar period of 2003. Company's primary activities - conducting of activity as the customs broker, customs transporter; foundation of temporary storage warehouse and free warehouse; commercial activity and export-import operations on purchasing and selling production and consumer goods and other. [2004-08-11]