Results of activity of AES Ust-Kamenogorsk HS JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, June 10, 05/ - AES Ust-Kamenogorsk HS JSC (Ust-Kamenogorks, hereinafter -company), whose bonds are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statements for 2004. The following indicators are results of the bank's financial and economic activity for 2004, based upon the bank's information (in th. KZT, unless otherwise specified): ----------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ---------------------------- --------- --------- ------- Authorized capital (paid) 2,922,546 2,922,546 0.0 Shareholders' equity 4,186,774 4,666,450 +11.5 Total assets 5,059,354 5,579,443 +10.3 Net working capital 277,196 551,776 +99.1 Accounts receivable 362,113 317,098 -12.4 Total liabilities 872,580 912,993 +4.6 Placed bonds 612,780 612,780 0.0 Accounts payable 348,778 310,604 -10.9 Sales Volume 3,386,785 3,356,209 -0.9 Cost of goods sold 2,671,754 2,659,239 -0.5 Net income for the year 426,180 383,722 -10.0 ---------------------------- --------- --------- ------- Calculated by issuer's data: 21.11 20.8 -1.6 ---------------------------- --------- --------- ------- Return on sales (ROS), % 10.18 8.22 -19.2 Return on equity (ROE), % 8.42 6.88 -18.4 Return on assets (ROA), % 41.94 29.88 -28.8 ----------------------------------------------------------- Relative to 2003 following changes happened: shareholders' equity of the company increased by KZT479.7 m. what is caused by growth of total amount of undistributed profit by 571.9 m. with decrease of additional unpaid in capital by 92.2 m.; assets grew by KZT520.1 m caused by increase in book value of fixed assets by 295.2 m., short term financial investments - by 251.0 m. and inventory stocks - by 24.7 m., what partially was covered by decrease of other assets by 50.8 m.; liabilities grew by KZT40.4 m. in connection with decrease of amount of deferred tax (as per balance of the company - negative) by 78.6 m. with decrease of accounts payable by 38.2 m.; sales decreased by KZT30.6 m.; prime cost decreased by KZT12.5 m. Net income earned by the company in 2004 is less its net profit of 2003 by KZT42.5 m. Primary activities of the company: generation of electricity and heat energy, electricity trading, serving fire alarm systems, security personnel trainings. [2004-06-10]