Results of activity of Accept-Terminal JSC (Kazakhstan) in first quarter of 2005

/IRBIS, Galina Tsalyuk, May 5, 05/ - 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 statements for the first quarter of 2005. Following is the result of the issuer's financial and economic activity in the Q1 2005, based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------ As of As of Indicator Apr 1, 05 Apr 1, 04 Change,% ---------------------------- --------- --------- -------- Authorized capital (paid) 71,000 71,000 0.0 Shareholders' equity 685,124 719,754 +5.1 Total assets 941,659 1,020,141 +8.3 Net working capital 422,508 465,805 +10.2 Accounts receivable 430,208 509,620 +18.5 Total liabilities 256,535 300,387 +17.1 Borrowed loans 188,453 217,051 +15.2 Accounts payable 49,874 51,896 +4.1 Volume of rendered services 149,607 198,588 +32.7 Cost of rendered services 85,260 94,625 +11.0 Net income (loss) 31,061 40,280 +29.7 Book value of one share, KZT 6,172.29 6,484.27 +5.1 ------------------------------------------------------------ Relative to the first quarter of 2005 there is an increase of: - shareholders' equity - by KZT34.6 m. as the result of increase in total amount of undistributed income by same amount; - assets - by KZT78.5 m., caused by increase in accounts receivable by 79.4 m., prepaid expenses - by 6.4 m., cahs and cash equivalents - by 5.9 m., undepreciated value of intangible assets - by 5.2 m., and other assets - by 4.4 m., all while undepreciated value of fixed assets decreased by 22.9 m.; - liabilities - by KZT43.8 m. including increase in borrowed funds by 28.6 m., expenses accrued - 13.2 m and accounts payable - by 2.0 m.; - rendered services - by KZT49.0 m.; - cost of rendered services - by KZT9.4 m. Loss, which Accept-Terminal JSC earned in first quarter of 2005, exceeded net income of the similar period of 2004 by KZT9.2 m. 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. [2004-05-05]