Results of activity of Ust-Kamenogorsk poultry farm JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, July 12, 05/ - Ust-Kamenogorsk poultry farm JSC (Eastern-Kazakhstan oblast, Molodezhnyi village, hereinafter - company), whose bonds are circulating in Kazakhstan stock exchange (KASE) official "A" listing category, provided KASE with financial statement for the 1 quarter 2005. The following indicators are results of company's financial and economic activity for 2004 (in th. KZT, unless otherwise specified): --------------------------------------------------------------- As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % -------------------------------- --------- --------- ------- Authorized capital (paid 270,133 253,053 -6.3 minus withdrawn) Shareholders' equity 1,354,931 1,345,641 -0.7 Total assets 2,116,924 2,373,320 +12.1 Net working capital 197,227 296,074 +50.1 Accounts receivable 142,365 371,614 +161.0 Total liabilities 761,993 1,027,680 +34.9 Borrowed loans 314,936 77,325 -75.4 Accounts payable 259,851 476,190 +83.3 Placed bonds 155,000 450,225 +190.5 Sales volume 413,414 463,444 +12.1 Prime cost of sales 315,574 377,710 +19.7 Net income (loss) for the period 25,588 (10,341) - --------------------------------------------------------------- In comparison with I quarter 2004 company's own capital decreased by KZT9.3 m., what was caused by increase of withdrawn capital by 17.1 m. with growth of resulting sum of undistributed profit by 7.8 m., at the same time there is growth in: - company's assets - by KZT256.4 m., as a result of growth of accounts receivable by 229.2 m., depreciated cost of fixed assets (including construction in process) - by 85.9 m., what was partially covered by decrease of inventory stocks by 45.2 m. and other assets - by 13.5 m.; - liabilities - by KZT265.7 m., in connection with increase of volume of placed bonds by 295.2 m. and accounts payable by 216.3 m. with decrease of amount of borrowed loans by 237.6 m. and deferred taxes - by 8.3 m.; - sales volume - by KZT50.0 m.; - prime cost of sales - by KZT62.1 m. In I quarter 2005 the company got loss in the amount KZT10.3 m. against KZT25.6 m. of net income of corresponding period of 2004. Company's primary activities: raising and growing of hens "broiler", processing, packing and sale of hen's meat and derivative production, conducting of activity, which accompanies to the primary one (for example, public utilities for population and organizations). [2004-07-12]