Results of activity of Rakhat OJSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, June 22, 05/ - Rakhat OJSC (Almaty, hereinafter - company), whose shares are circulating in the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE with consolidated financial statement for 2004. Following indicators are result of the company's consolidated financial and economic activity in 2004, based upon submitted financial statement (th. KZT, unless otherwise specified): -------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ------------------------------------- --------- --------- ------- Authorized capital (paid) 900,000 900,000 0.0 Shareholders' equity 2,486,500 3,146,434 +0.3 Total assets 4,198,827 4,505,195 +0.1 Net working capital 962,523 1,334,703 +0.4 Accounts receivable 416,252 737,980 +0.8 Liabilities, total 1,712,257 1,358,691 -0.2 Borrowed loans 964,656 1,030,795 +0.1 Accounts payable 697,923 278,292 -0.6 Sales volume 7,536,454 8,892,914 +0.2 Prime cost of sales 6,072,904 6,895,465 +0.1 Net income for the year 477,783 649,273 +0.4 ------------------------------------- --------- --------- ------- Calculated by audit statement's data: ------------------------------------- --------- --------- ------- Return on sale (ROS), % 19.42 22.46 +0.2 Return on equity (ROE), % 19.22 20.64 +0.1 Return on assets (ROA), % 11.38 14.41 +0.3 Net earning per 1 share (EPS), KZT 132.72 180.35 +0.4 Balance cost of 1 share, KZT 690.69 874.01 +0.3 -------------------------------------------------------------------- Coefficient of price to earning (P/E) was not calculated because all deals, concluded with company's shares, are direct, it is not correct to consider them as market. Relative to 2003 there is growth in: - company shareholders' equity - by KZT659.9 m., what was caused by increase of resulting sum of undistributed income by 661.1 m. with decrease of additional unpaid capital by 1.2 m.; - assets - by KZT306.4 m. as a result of increase of depreciated cost of fixed assets by 611.3 m., accounts receivable - by 321.7 m. and other assets - by 55.4 m., what was partially covered by decrease of money funds by 502.1 m. and other long term financial investments - by 180.0 m.; - sales volume - by KZT1.4 bn.; - prime cost of sales - by KZT822.6 m.; Company's liabilities decreased by KZT353.6 m. in comparison with 2003 due to decrease of accounts payable by 419.6 m. and amount of deferred taxes - by 74.0 th. with growth of borrowed loans volume by 66.1 m. Net income, which the company had by results of 2004 exceeded its net income of 2003 by KZT171.5 m. Company's primary activities - production and sale of confectionery and other foodstuffs. [2004-06-22]