Results of activity of Aluminum of Kazakhstan JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, June 6, 05/ - Aluminum of Kazakhstan JSC (Pavlodar), whose shares are circulating in official "B" listing category of Kazakhstan stock exchange JSC (KASE), provided KASE with non-audited financial statement for year 2004. Following indicators are 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-up) 5,834,811 5,834,811 0.0 Shareholders' equity 27,114,213 32,777,823 +20.9 Total assets 33,678,313 38,442,107 +14.1 Net working capital 10,977,478 12,246,916 +11.6 Accounts receivable 7,647,410 7,803,881 +2.0 Liabilities, total 6,564,100 5,664,284 -13.7 Accounts payable 2,220,515 2,147,613 -3.3 Borrowed loans (including leasing) 3,947,353 3,374,000 -14.5 Sales volume 31,022,066 38,175,365 +23.1 Cost of goods sold 22,896,354 26,032,381 +13.7 Net income for the year 3,772,156 5,771,784 +53.0 ---------------------------------- ---------- ---------- ------- Calculated by company's data: ---------------------------------- ---------- ---------- ------- Return on sales (ROS), % 26.19 31.81 +21.4 Return on equity (ROE), % 13.91 17.61 +26.6 Return on assets (ROA), % 11.20 15.01 +34.0 Earnings per 1 share (EPS), KZT 70.23 109.03* - Book value of one share, KZT 464.70 561.76 +20.9 ------------------------------------------------------------------- * - Earnings per 1 share (EPS) for year 2004 was calculated without taking into account dividends on privileged shares. Price earnings ration (P/E) was not calculated because of absence of market deals in company's shares by the mentioned dates. Relative to 2003 there is growth of: - shareholders' equity - by KZT5.7 bn. as the result of increase of total amount of undistributed income by the same amount; - assets - by KZT4.8 bn., including: residual value of fixed assets (including construction in process) - by 2.1 bn., funds - by 1.4 bn., inventory - by 1.0 bn. and other assets - by 181.0 m.; - sales volume - by KZT7.1 bn.; - cost of goods sold - by KZT3.1 bn. Liabilities fell in comparison with year 2003 by KZT899.8 m., because of decrease of borrowed loans volume (including leasing) by 573.3 m., deferred taxes - by KZT253.6 m. and accounts payable - by 72.9 m. Net income earned by Aluminum of Kazakhstan JSC in 2004 exceeded its net income of year 2003 by KZT2.0 bn. Company's primary activities - production and sale of aluminum, alumina and sodium salts; extraction and concentrating of aluminum, which contains raw stuff; producing of heat and electrical energy. [2005-06-06]