Financial Results of Bayan-Sulu OJSC (Kazakhstan) foR 2004

/IRBIS, Galina Tsalyuk, April 21, 05/ - Bayan-Sulu OJSC (Kostanai), whose common shares are listed under official "B" category of Kazakhstan Stock Exchange Inc. (KASE), provided KASE with financial statements for 2004. The following indicators are results of the company's financial and economic activity for 2004, based upon its information (in th. KZT, unless otherwise specified): -------------------------------------------------------------------------- As of As of Indicator Jan 1, 04 Jan 1, 05 Change,% --------------------------------------------- --------- --------- -------- Authorized capital (paid excluding withdrawn) 548,936 548,936 0.0 Shareholders' equity 740,134 939,846 +27.0 Total assets 1,134,457 1,245,926 +9.8 Net working capital 449,031 656,787 +46.3 Accounts receivable 500,978 440,155 -12.1 Total liabilities 394,323 306,080 -22.4 Attracted loans 232,215 33,553 -85.6 Accounts payable 162,108 272,527 +68.1 Sales 2,244,984 2,550,777 +13.6 Cost of goods sold 1,855,916 1,984,626 +6.9 Net income for the period 130,548 200,641 +53.7 --------------------------------------------- --------- --------- -------- Base on issuer's data: --------------------------------------------- --------- --------- -------- Return on Sales, % 17.33 22.20 +28.1 Return on Equity, % 17.64 21.35 +21.0 Return on Assets, % 11.51 16.10 +39.9 Book value of one share, KZT 202.25 256.82 +27.0 Earnings per Share, KZT 35.67 54.83 +53.7 -------------------------------------------------------------------------- Relative to 2003 following accounts increased: - shareholders' equity - by KZT199.7 m as the result of increase in total undistributed income by 202.0 m and decrease in additional unpaid capital by 2.3 m.; - total assets - by KZT111.5 m, including: inventory - by 152.9 m., other assets - 19.5 m, which was partially offset by a decrease in accounts receivable - by 60.8 m.; - sales - by KZT111.5 m.; - cost of goods sold - by KZT128.7 m.; Liabilities of the Company fell by KZT88.2 m relative to 2003 caused by loans repayment for a total amount of 198.7 m and increase short-term accounts payable by 110.4 m.; Net income earned by the Company in 2004 increased by KZT70.1 m. relative to net income of 2003. Company's primary activities: production and marketing of confectionery. [2005-04-21]