Results of activity of Alliance Leasing JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, June 22, 05/ - Alliance Leasing OJSC (Almaty, hereinafter - company), whose common shares are included 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) 152,000 190,000 +25.0 Shareholders' equity 155,459 300,725 +93.4 Total assets 1,500,340 1,872,264 +24.8 Net working capital 147,005 -52,269 -135.6 Accounts receivable 1,298,064 1,364,261 +5.1 Liabilities, total 1,344,882 1,556,644 +15.7 Borrowed loans 1,009,003 960,529 -4.8 Accounts payable 335,879 595,741 +77.4 Minority interest - 14,896 - Rendered services volume 1,076,739 831,075 -22.8 Prime cost of rendered services 963,723 620,431 -35.6 Expenses of the period 139,516 236,737 +69.7 Income from non-operating activity 41,589 54,910 +32.0 Net income for the year 14,832 32,504 +119.2 ---------------------------------- ---------- ---------- ------- Calculated by company's data: ---------------------------------- ---------- ---------- ------- Return on sale (ROS), % 10.50 25.35 +141.5 Return on equity (ROE), % 9.54 10.81 +13.3 Return on assets (ROA), % 0.99 1.74 +75.6 Net earning per 1 share (EPS), KZT 14,831.80 26,003.44 +75.3 Balance cost of 1 share, KZT 155,458.50 240,579.76 +54.8 ------------------------------------------------------------------- Relative to 2003 there is growth in: - company shareholders' equity - by KZT145.3 m. in the result of forming additional unpaid capital for the amount 74.7 m., increase of paid authorized capital stock by 38.0 m. and undistributed income - by 32.5 m.; - assets - by KZT371.9 m., what was caused by increase of depreciated cost of fixed assets by 359.9 m. and accounts receivable - by 66.2 m. with decrease of other assets by 54.1 m.; - liabilities - by KZT211.8 m. owing to growth of accounts payable by 259.9 m. and other liabilities - by 374.0 th., what was partially covered by decrease of volume of borrowed loans by 48.5 m.; - expenses of the period - by KZT97.2 m.; - income from non-operating activity - by KZT13.3. m. Volume of rendered services decreased in comparison with 2003 by KZT245.7 m., prime cost of rendered services - by KZT343.3 m.; Company's primary activities - leasing of different forms, including financial leasing; factoring; air transportation of passengers and loads, including regular and charter flights by internal and international airlines. [2004-06-23]