Results of activity of Rakhat JSC (Kazakhstan) in Q1 of 2005

/IRBIS, Galina Tsalyuk, September 9, 05/ - Rakhat JSC (Almaty, hereinafter - company), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE with consolidated financial statement for the I quarter of 2005. Following indicators are result of the company's financial and economic activity in the I quarter of 2005, based upon company's data (th. KZT, unless otherwise specified): --------------------------------------------------------- as of as of Change, Indicator Apr 1, 04 Apr 1, 05 % -------------------------- --------- --------- ------- Authorized capital (paid) 900,000 900,000 0.0 Shareholders' equity 2,569,333 3,299,597 +0.3 Total assets 4,695,728 4,679,281 -0.004 Net working capital 997,179 1,543,508 +0.5 Accounts receivable 1,065,343 800,778 -0.2 Liabilities, total 2,126,395 1,379,614 -0.4 Borrowed loans 1,593,678 932,785 -0.4 Accounts payable 532,717 397,225 -0.3 Sales volume 1,924,952 2,520,312 +0.3 Cost of goods sold 1,484,788 1,998,025 +0.3 Net income of the period 137,549 148,192 +0.1 Book value of 1 share, KZT 713.70 916.55 +0.3 --------------------------------------------------------- Relative to the I quarter of 2004 there are following changes: - shareholders' equity grew by KZT730.3 m., including: total amount of undistributed income - by 701.5 m. and additional unpaid capital - by 28.7 m.; - assets fell by KZT16.4 m. as a result of falling of funds by 339.2 m., accounts receivable - by 264.6 m., long term investments - by 182.5 m. and residual value of intangible assets - by 4.0 m., while residual value of fixed assets grew by 559.5 m. and inventory - by 214.4 m.; - liabilities fell by KZT746.8 m. because of falling of borrowed loans volume by 660.9 m. and accounts payable - by 135.5 m., that was partially compensated by formation of deferred taxes in the amount of 49.6 m.; - sales volume grew by KZT595.4 m.; - cost of goods sold grew by KZT513.2 m. Net income, which the company earned in the I quarter of 2005 exceeded its net income of similar period of 2004 by KZT10.6 m. Company's primary activities - production and sale of confectionery and other foodstuffs. [2005-09-09]