Results of activity of Corporation Ordabasy JSC (Kazakhstan) in the I half of 2004

/IRBIS, Galina Tsalyuk, August 2, 04/ - Corporation Ordabasy JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with consolidated financial statement for the I half of 2004. The following indicators are the result of the issuer's financial and economic activity in the I half of 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% -------------------------------- ---------- ---------- -------- Authorized capital (paid) 1,452,800 2,993,451 +106.0 Shareholders' equity 1,820,788 4,522,341 +148.4 Total assets 6,674,081 13,325,187 +99.7 Net working capital 1,196,285 2,044,499 +70.9 Accounts receivable 2,646,340 6,576,977 +148.5 Total liabilities 4,495,166 8,608,477 +91.5 Borrowed loans (excluding bonds) 2,627,251 3,662,274 +39.4 Issued bonds 1,139,536 1,367,664 +20.0 Accounts payable 728,380 3,578,539 +391.3 Stake of minority 358,127 194,369 -45.7 Sales volume 2,529,343 5,830,967 +130.5 Cost of goods sold 2,090,815 4,511,113 +115.8 Net income for the period 28,669 348,300 +1,114.9 Book value of one share, KZT 125,329.57 n/d - ------------------------------------------------------------------ Relative to the I half of 2003 there is increase of: - shareholders' equity - by KZT2.7 bn. in accordance with increase of paid part of authorized capital by 1.5 bn., additional unpaid capital - by 819.8 m., total sum of undistributed income - by 312.9 m., reserve capital - by 26.2 m., and additional paid capital - by 2.0 m.; - assets - by KZT6.6 bn., including: long-term investments - by KZT1.0 bn., accounts receivable - by 3.9 bn., residual value of fixed assets - by 967.2 m. and other assets - by 738.7 m.; - liabilities - by KZT4.1 bn., of them: accounts payable - by 2.9 bn., borrowed loans - by 1.0 bn., and volume of floated bonds - by 221.8 m.; - sales volume - by KZT3.3 bn.; - cost of goods sold - by KZT2.4 bn. Net income, which Corporation Ordabasy JSC received in the I half of 2004, exceeded its the net income of similar period of 2003 by KZT319.6 m. Company's primary activities - trade-intermediary activity, production of oil and gas equipment, production and distribution of heat- and electrical energy, agriculture, investing activity [2004-09-02]