Results of activity of Zhairemsk ore mining and processing enterprise JSC (Kazakhstan) for 9 months of 2004

/IRBIS, Galina Tsalyuk, November 18, 04/ - Zhairemsk ore mining and processing enterprise JSC (Zhairem village, Karaganda oblast), whose bonds are included in the official listing of Kazakhstan stock exchanges (KASE) "A" category, provided KASE with the financial statement for 9 months of 2004. The following indicators are results of company's financial and economic activity for 9 months of 2004, based upon company's information (in th. KZT, if otherwise specified): ------------------------------------------------------------------ As of As of Indicator Oct. 01, 03 Oct. 01, 04 Change,% ------------------------------ ----------- ----------- -------- Authorized capital (paid) 640,415 640,415 0.0 Shareholders' equity 4,264,625 4,516,411 +5.9 Total assets 6,385,334 6,180,950 -3.2 Net working capital 296,423 662,786 +123.6 Accounts receivables 705,802 485,597 -31.2 Total liabilities, 2,120,709 1,664,539 -21.5 Accounts payable 493,406 991,238 +100.9 Attracted credits 1,627,240 672,374 -58.7 Sales volume 3,171,940 4,266,456 +34.5 Cost of goods sold 1,775,274 2,150,030 +21.1 Net income for the period 905,525 821,462 -9.3 Book value of one share, tenge 470,467 981,120 +108.5 ------------------------------------------------------------------ Relative to 9 months of 2003 there are the following changes: - shareholders' equity of the company increased by KZT251.8m in the result of increase of undistributed income by 288.5 m. with decrease of additional unpaid capital by 36.8m; - assets decreased KZT204.4m. what was caused by decrease of depreciated cost of fixed assets by 461.2 m. and accounts receivable - by 220.2m., with growth of inventories by 190.0m; incomplete capital construction - by 179.2 m. and other assets - by 107.8 m.; - liabilities reduced by KZT456.2 m. in connection with decrease of volume of attracted loans by 954.9 m., what was partially covered by increase of accounts payable by 497.8 m. and incomes of future periods - by 864.0 th. - sales volume increased by KZT1.1 bn.; - cost of goods sold increased by KZT374.7 m; - expenses of the period decreased by KZT84.1 m. Net profit earned by Zhairemsk ore mining and processing enterprise JSC for 9 months of 2004 exceeded its net profit for the similar period of 2003 by KZT510.6 m. The main activities of the company - searching and geological exploration of ore and non-metallic fields of mineral raw with calculations of their reserves, exploration of fields, processing and sale of ore and non-metallic mineral raw. [2004-11-18]