Results of activity of KRTH ZANGAR JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, June 20, 05/ - KRTH ZANGAR JSC (Almaty), whose securities are circulating in the official list of Kazakhstan stock exchange Inc. (KASE): shares - in "B" category, bonds - in "A" category, provided KASE with 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) 233,923 233,923 0.0 Shareholders' equity 1,610,526 2,029,923 +26.04 Total assets 4,928,966 2,735,559 -44.50 Net working capital 1,414,847 -576,215 -140.73 Accounts receivable 3,926,114 1,778,792 -54.69 Liabilities, total 3,318,440 705,636 -78.74 Borrowed loans 3,128,821 0 - Accounts payable 157,565 700,688 +344.70 Sales volume 1,099,298 1,131,568 +2.94 Cost of goods sold 184,016 166,857 -9.32 Net income for the year 258,747 422,901 +63.44 ------------------------------- --------- --------- ------- Calculated by company's data: ------------------------------- --------- --------- ------- Return on sales (ROS), % 83.26 85.25 +2.39 Return on equity (ROE), % 16.07 20.83 +29.67 Return on assets (ROA), % 5.25 15.46 +194.49 Earnings per 1 share (EPS), KZT 12.82 21.24* - Book value of one share, KZT 68.85 86.78 +26.04 -------------------------------------------------------------- * - calculated without 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 are following changes: - shareholders' equity grew by KZT419.4 m. as the result of increase of undistributed income by 446.5 m., while additional unpaid capital fell by 27.1 m.; - assets fell by KZT2.2 bn. because of falling of accounts receivable by 2.1 bn. and residual value of fixed assets - by 90.8 m., that was partially covered by growth of other assets by 44.7 m.; - liabilities fell by KZT2.6 bn. because of repayment of borrowed before loans for 3.1 bn., while accounts payable grew by 516.0 m. - sales volume grew by KZT32.3 m.; - cost of goods sold fell by KZT17.2 m. Net income the company earned in year 2004 exceeded its net income of year 2003 by KZT164.2 m. Company's primary activities - rent of trade areas, organization of retail, wholesale and commission trade. [2005-06-20]