Results of activity of ARNA JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, August 12, 05/ - ARNA JSC (Almaty, hereinafter - company), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), provided KASE with financial statement for the I quarter 2005. Following indicators are results of the company's financial and economic activity in the I quarter 2005, based upon the company's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------- As of As of Indicator Apr 1, 04 Apr 1, 05 Change, % -------------------------------- --------- --------- --------- Authorized capital (paid) 5,000 5,000 0.0 Shareholders' equity 1,554,066 1,419,008 -8.7 Total assets 2,682,326 2,926,883 +9.1 Net working capital 113,389 -100,488 -188.6 Accounts receivable 958,587 540,229 -43.6 Total liabilities 1,128,260 1,507,874 +33.7 Borrowed loans (excluding bonds) 153,875 347,334 +125.7 Issued bonds 465,000 462,837 -0.5 Accounts payable 509,335 585,192 +14.9 Volume of rendered services 610,511 655,329 +7.3 Prime cost of rendered services 383,886 457,487 +19.2 Expenses of the period 126,774 145,117 +14.5 Net profit for the period 75,733 26,612 -64.9 ----------------------------------------------------------------- - company's own capital relative to the I quarter 2004 decreased by KZT135.1 m. in connection with decrease of resulting sum of undistributed profit by 133.8 m. and additional unpaid capital - by 1.3 m., but also there is growth of: - company's assets - by KZT244.6 m., what was caused by the company's long term investments in the amount KZT614.6 m., and also increase of inventory stocks by 33.5 m., residual cost of intangible assets - by 25.9 m. and residual cost of fixed assets - by 13.8 m. with decrease of accounts receivable by 418.4 m. and money - by 24.8 m.; - liabilities - by KZT379.7 m., including: borrowed loans (excluding bonds) - by 193.4 m., account payable - by 75.9 m. and other liabilities - by 110.3 m.; - volume of rendered services - by KZT44.8 m.; - prime cost of rendered services - by KZT73.6 m; - expenses of the period - by KZT18.3 m. Net profit, earned by the company in the I quarter 2005 less its net profit of corresponding period of 2004 by KZT49.1 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. [2005-08-12]