Results of activity of Mangistaumunaigas OJSC (Kazakhstan) for the first half year of 2002
13.11.02 00:00
/KASE, November 13, 02/ - Mangistaumunaigas OJSC (Aktau), whose
shares are circulating under the stock exchange's official "B" listing
category, provided KASE with the financial statement for the first half year of
2002: the balance sheet and income statement.
The following indicators are results of the issuer's financial and economic
activity in the first half year of 2002, based upon the issuer's information
(in th. KZT, unless other wise specified):
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As of As of
Indicator July 1, 01 July 1, 02 Change,%
------------------------------- ---------- ---------- --------
Issued authorized capital (paid
excluding withdrawn) 10,892,027 10,892,027 0
Shareholders' equity 30,158,262 34,329,178 +13.8
Total assets 92,995,720 83,789,324 -9.9
Net working capital -2,160,733 -1,063,829 +50.8
Accounts receivable (net) 38,958,151 31,485,489 -19.2
Liabilities 62,837,458 49,460,146 -21.3
Accounts payable 48,681,829 41,233,733 -15.3
Sales volume 56,518,391 48,293,979 -14.6
Cost of goods sold 27,618,981 22,677,102 -17.9
Net income 6,017,209 2,991,107 -50.3
Book value of one share, KZT 2,768.84 3,151.77 +13.8
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Relative to similar period of 2001 there are following changes:
- Shareholders' equity increased by KZT4.2 bn as a result of increase of
total sum of undistributed income by 3.6 bn, reserve capital - by 891.1 m
whereas there took place decrease of additionally unpaid capital by
324.7m;
- assets decreased by KZT9.2 bn that was caused by decrease of
accounts receivable (net) - by 7.5 bn, net cost of inventories - by 4.9 bn
and other assets - by KZT832.1 m whereas there took place increase of
residual value o fixed assets (including construction in progress) by 4.0
bn;
- liabilities decreased by KZT13.4 bn, including: accounts payable - by 7.5
bn, amount of reserves formed on liabilities - by 5.9 bn;
- sales volume decreased by KZT8.2 bn;
- cost of goods sold fell by KZT4.9 bn;
- revenues of the period rose by KZT2.3 bn.
Net income received by Mangistaumunaigas OJSC for the first half year of
2002 decreased in comparison with similar period of 2001 by KZT3.0 bn (2
times).
The company's primary activities: oil and gas production and transportation;
petroleum refining, sale of oil and products of its refinery; exploration and
design works of oil and gas fields.
[2002-11-13]