Results of activity of Kazyuvelirprom JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, April 11, 05/ - Kazyuvelirprom JSC (Karaganda), whose securities are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with its financial statement for 2004. Following is the result of the issuer's financial and economic activity in 2004, based upon the issuer's data (th. KZT unless otherwise specified): --------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % -------------------------------------- --------- --------- ------- Authorized capital (paid) 1,600,000 1,600,000 0.0 Shareholders' equity 1,606,127 1,609,144 +0.2 Total assets 4,631,288 5,157,747 +11.4 Net working capital 3,011,609 3,299,724 +9.6 Accounts receivable 1,078,325 3,766,239 +249.3 Total liabilities 3,025,161 3,548,604 +17.3 Borrowed loans (excluding bonds) 56,938 46,992 -17.5 Floated bonds 2,500,000 2,500,000 0.0 Accounts payable 468,199 1,001,588 +113.9 Sales volume 1,517,952 540,484 -64.4 Cost of goods sold 1,317,315 458,237 -65.2 Expenses of the period 375,704 474,215 +26.2 Net income for the period 4,426 3,017 -31.8 -------------------------------------- --------- --------- ------- Calculated by issuer's data: -------------------------------------- --------- --------- ------- Return on sales (ROS), % 13.22 15.22 +15.1 Return on equity (ROE), % 0.28 0.19 -32.0 Return on assets (ROA), % 0.10 0.06 -38.8 Earning (loss) per 1 share (EPS), KZT* (3.93) 0.50 - Price earning ratio (P/E)* -50.90 397.77 - Book value of 1 share, KZT 200.77 201.14 +0.2 --------------------------------------------------------------------- * - Earning per 1 share (EPS) and price earning ratio (P/E) for year 2004 were calculated without taking into account dividends on privileged shares, which will be determined at the annual shareholders meeting. Compared to 2003 there is increase of: - shareholders' equity - by KZT3.0 m. as a result of increase of total sum of undistributed income by the same amount; - assets - by KZT526.5 bn. due to growth of current accounts receivable by 2.7 bn. and inventory - by 136.0 m., while funds fell by 2.0 bn., residual value of fixed assets - by 245.1 m. and other assets - by 49.7 m.; - liabilities - by KZT523.4 m. because of growth of the current accounts payable by 533.4 m. that was partially compensated by falling of borrowed loans (excluding bonds) volume by 9.9 m.; - expenses of the period - by KZT98.5 m. Sales volume decreased in 2004 by KZT977.5 m. in comparison with year 2003, cost of goods sold - by 859.1 m.; Net income, which company received in 2004 is smaller by KZT1.4 m. than its net income received in 2003. Primary activity of the company - production, repair, storage, purchase and sale of jewelry products that contain precious metals and jewels; foreign economic activity. [2005-04-11]