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

/IRBIS, Galina Tsalyuk, October 4, 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 half of 2004. Following is 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) 11,000 71,000 +545.5 Shareholders' equity 633,792 704,653 +11.2 Total assets 2,058,444 1,011,053 -50.9 Net working capital -220,126 510,497 +331.9 Accounts receivable 653,192 500,885 -23.3 Total liabilities 1,424,652 306,400 -78.5 Borrowed loans 14,631 256,340 +1,652.0 Accounts payable 1,345,365 29,286 -97.8 Volume of rendered services 365,278 341,730 -6.4 Cost of rendered services 226,670 186,868 -17.6 Net income (loss) for the period (77,368) 50,590 +165.4 Book value of one share, KZT 57,617.45 6,348.23 -89.0 ---------------------------------------------------------------- Shareholders' equity grew by KZT70.7 m. compared to the I half of 2003 as the result of growth of the paid part of authorized capital by 60.0 m. and total sum of undistributed income - by 11.4 m., while additional unpaid capital fell by 582.0 th.; Relative to the I half of 2003 there is decrease of: - assets - by KZT1.0 bn., of them: residual value of fixed assets - 446.9 m., financial investments - by 331.0 m., accounts receivable - by 152.3 m. and other assets - by 117.2 m.; - liabilities - by KZT1.1 bn. because of falling of accounts payable - by 1.3 bn. and other liabilities - by 43.9 m., while volume of borrowed loans grew by 241.7 m.; - volume of rendered services - by KZT23.5 m.; - cost of rendered services - by KZT39.8 m. In the I half of 2004 Accept-Terminal JSC received net income equaling to KZT50.6 m. against KZT77.4 m. of losses in 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. [2004-10-04]