Audited financial results of Sary-Arka Sarbazy Security Corporation LLP (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, June 24, 05/ - Sary-Arka Sarbazy Security Corporation LLP (before - VALUT-TRANSIT-SECURITY LLP, Karaganda), whose bonds are circulating in Kazakhstan Stock Exchange's (KASE) official "B" listing category, has provided KASE with financial statement for year 2004, which was audited by Mars-K Auditing firm LLP (Karaganda). Following is the 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, Ratio Jan 1, 04 Jan 1, 05 % -------------------------------- --------- --------- --------- Authorized capital (paid) 823 275,700 +33,399.4 Shareholders' equity 2,951 282,236 +9,462.9 Total assets 1,153,627 1,346,200 +16.7 Net working capital 968,543 1,258,996 +30.0 Accounts receivable 196,110 1,236,062 +530.3 Total liabilities 1,150,676 1,063,964 -7.5 Loans borrowed (excluding bonds) 8,400 0 - Accounts payable 142,276 63,964 -55.0 Bonds issued 1,000,000 1,000,000 0.0 Volume of rendered services 372,816 322,927 -13.4 Cost of rendered services 1,306 0 - Expenses of the period 365,057 409,559 +12.2 Income from secondary activity 6,100 91,038 +1,392.4 Net income for the year 11,441 4,407 -61.5 -------------------------------- --------- --------- --------- Calculated by audited data: -------------------------------- --------- --------- --------- Return on sales (ROS), % 99.65 - - Return on equity (ROE), % 387.64 1.56 -99.6 Return on assets (ROA), % 0.99 0.33 -67.0 ----------------------------------------------------------------- Relative to year 2003 there is growth of: - shareholders' equity - KZT279.3 m., including: paid authorized capital - by 274.9 m. and undistributed income - by 4.4 m.; - assets - by KZT192.6 m. because of growth of accounts receivable by 1.0 bn., while funds fell by 832.3 m., residual value of fixed assets - by 11.2 m. and inventory - by 3.9 m.; - expenses of the period - by KZT44.5 m.; - incomes from secondary activity - by KZT84.9 m. Company's liabilities fell in comparison with year 2003 by KZT86.7 m. (because of falling of accounts payable by 78.3 m. and repayment of borrowed before loans for a total of 8.4 m.), volume of rendered services - by KZT49.9 m. Net income, which company earned in 2004, is less than its net income of year 2003 by KZT7.0 m. Primary activity of the company - securing activity, protection of life and health of physical persons, protection of property of legal and physical persons, including at his{its} transportation; designing, installation, service of means of the security - fire signal system; educational services on carrying out of special preparation of security guards. [2005-06-24]