Audited results of activity of TECHNO-LIFE JSC (Kazakhstan) in year 2004

/IRBIS, Galina Tsalyuk, June 27, 05/ - TECHNO-LIFE JSC (former VALYUT- TTRANZIT TECHNOLOGY OJSC, Karaganda), whose bonds are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for year 2004 audited by Auditing Firm Mars-K LLP (Karaganda). According to audited data result of the company's financial and economic activity in 2004 is as follows (th. KZT, unless otherwise specified). ----------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ------------------------------------- --------- --------- ---------- Authorized capital (paid) 400,000 400,000 0.0 Shareholders' equity 467,841 527,044 +12.7 Total assets 2,041,564 3,137,401 +53.7 Net working capital 940,633 1,293,227 +37.5 Accounts receivable 803,029 884,027 +10.1 Total liabilities 1,573,722 2,610,357 +65.9 Borrowed loans (excluding bonds) 128,009 382,723 +199.0 Accounts payable 445,713 1,227,634 +175.4 Bonds issued 1,000,000 1,000,000 0.0 Sales volume 290,701 264,173 -9.1 Cost of goods sold 224,808 264,982 +17.9 Expenses of the period 64,443 207,807 +222.5 Income (loss) from secondary activity (273) 278,677 +102,329.1 Net income for the year 903 59,203 +6,452.6 ------------------------------------- --------- --------- ---------- Calculated by audited data: ------------------------------------- --------- --------- ---------- Return on sales (ROS), % 22.67 -0.31 -101.4 Return on equity (ROE), % 0.19 11.23 +5,716.5 Return on assets (ROA), % 0.04 1.89 +4,163.9 ----------------------------------------------------------------------- Relative to year 2003 there is growth of: - shareholders' equity - by KZT59.2 th. as a result of increase of total sum of undistributed income by the same amount; - assets - by KZT1.1 bn., because of growth of funds by 1.6 bn., residual value of fixed assets - by 89.3 m., accounts receivable - by 81.0 m., while short-term financial investments fell by 563.7 m. and while inventory - by 77.8 m.; - liabilities - by KZT1.0 bn. including: accounts payable - by 781.9 m. and borrowed loans (excluding bonds) - by 254.7 m.; - cost of goods sold - by KZT40.2 m.; - expenses of the period - by KZT143.4 m. Sales volume decreased in comparison with year 2003 by KZT26.5 m. Net income the company earned in year 2004 exceeded its net income of year 2003 by KZT58.3 m. and was formed by incomes from secondary activities. Company's primary activities - assemblage, sale and repair of computers, household and office equipment; designing and setting of local computing and telephone networks; installation and administration of software support. [2005-06-27]