Results of activity of ARNA JSC (Kazakhstan) activity in 2004

/IRBIS, Galina Tsalyuk, July 13, 05/ - ARNA JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), presented KASE the financial statement for year 2004. Following indicators are result of issuer's financial and economic activity in 2004 based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------ As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % -------------------------------- --------- --------- ------- Authorized capital (paid) 5,000 5,000 0.0 Shareholders' equity 1,478,333 1,377,356 -6.8 Total assets 2,714,277 2,842,849 +4.7 Net working capital 51,657 394,502 +663.7 Accounts receivable 913,891 1,090,018 +19.3 Total liabilities 1,235,944 1,465,494 +18.6 Borrowed loans (excluding bonds) 155,119 95,271 -38.6 Bonds floated 465,000 465,000 0.0 Accounts payable 615,825 792,711 +28.7 Volume of rendered services 1,974,593 2,606,923 +32.0 Cost of rendered services 1,208,583 1,698,387 +40.5 Net income of the year 241,740 124,588 -48.5 -------------------------------- --------- --------- ------- Calculated by issuer's data: -------------------------------- --------- --------- ------- Return on sales (ROS), % 38.79 34.85 -10.2 Return on equity (ROE), % 16.35 9.05 -44.7 Return on assets (ROA), % 8.91 4.38 -50.8 ------------------------------------------------------------ Relative to year 2003 shareholders' equity decreased by KZT101.0 m., as a result of decrease of undistributed income by the same amount, whereas there is growth of: - assets - by KZT128.6 m., because of growth of accounts receivable by 176.1 m., inventory - by 30.0 m. and other assets - by 20.2 m., while funds decreased by 97.8 m.; - liabilities - by KZT229.5 m. because of formation of deferred taxes for 112.5 m. and growth of accounts payable by 176.9 m., while borrowed loans volume (excluding bonds) fell by 59.8 m.; - volume of rendered services - by KZT632.3 m.; - cost of rendered services - by KZT489.8 m. Net income of ARNA JSC earned in year 2004, is less than its net income of year 2003 by KZT117.2 m. Company's primary activities - introduction and exploitation of networks and systems of electronic and radio communications; development, introduction and exploitation of new technologies and services in the sphere of telecommunication, information science. [2005-07-13]