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

/IRBIS, Galina Tsalyuk, October 12, 05/ - Charaltyn JSC (Semipalatinsk, hereinafter - company), whose common shares are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), provided KASE with consolidated financial statement for the I quarter 2005. Following indicators are consolidated result of the company's financial and economic activity in the I quarter 2005, based on the company's data (th. KZT, unless otherwise specified): ----------------------------------------------------------- as of as of Change, Index Jan 1, 04 Jan 1, 05 % ---------------------------- --------- --------- ------- Authorized capital (paid-up) 2,974,298 3,000,000 +0.9 Shareholders' equity 3,074,819 1,781,896 -42.0 Book value of assets 5,091,973 3,723,932 -26.9 Working capital -109,191 593,382 +643.4 Accounts receivable 635,770 479,068 -24.6 Liabilities, total 2,017,154 1,942,036 -3.7 Borrowed loans 1,031,729 1,635,616 +58.5 Accounts payable 943,015 196,333 -79.2 Sales volume 334,148 230,388 -31.1 Cost of goods sold 178,518 130,157 -27.1 Net income for the period 62,821 6,026 -90.4 Book value of one share, KZT 1.03 0.001 -99.9 ----------------------------------------------------------- Relative to the I quarter 2004 there is decrease of: - shareholders' equity of the company - by KZT1.3 bn. as the result of decrease of resulting sum of undistributed income by 1.3 bn. (in connection with formation of uncovered loss for the reporting date in the amount 1.2 bn.) with increase of paid authorized capital by 25.7 m.; - assets - by KZT1.4 bn. due to decrease of amount of goodwill by 1.4 bn. and accounts receivable - by 156.7 m., what was partially compensated by growth of other assets by 224.8 m.; - liabilities - by KZT75.1 m., what was caused by decrease of accounts payable by 746.7 m. with growth of borrowed loans volume by 603.9 m. and other liabilities - by 67.7 m.; - sales volume - by KZT103.8 m.; - cost of goods sold - by KZT48.4 m. Net income, earned by the company in the I quarter 2005 is less its net income of corresponding period of 2004 by KZT56.8 m. Company's primary activities - exploration works, extraction and testing of precious metals, including gold; purchase, collection, processing and sale of geological and other information not prohibited by the legislation of the Republic of Kazakhstan, and other. [2005-10-12]