Results of activity of KazTransCom OJSC (Kazakhstan) for 2003

/IRBIS, GalinaTsalyuk, June 10, 04/ - KazTransCom OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statements for 2003. Following indexes are result of the Company's financial and economic activity for2003, based on the bank's data (in th. KZT): ----------------------------------------------------------------- as of as of Increase / Index Jan 1, 03 Jan 1, 04 decrease, % --------------------------------- --------- --------- ----------- Authorized capital (paid-up) 42,100 42,100 0.0 Shareholders' equity 1,618,471 1,648,658 +1.9 Book value of assets 2,807,900 3,531,101 +25.8 Net working capital 376,518 619,340 +64.5 Accounts receivable 646,281 1,077,833 +66.8 Liabilities, total 1,189,429 1,882,443 +58.3 Attracted loans (excluding bonds) 779,578 - - Issued bonds - 1,399,184 - Accounts payable 355,652 403,670 +13.5 Goods and services sold 2,529,169 2,418,757 -4.4 Cost of goods and services 1,260,800 1,692,147 +34.2 Net income 255,795 32,403 -87.3 --------------------------------- --------- --------- ----------- On the basis of issuer's data: --------------------------------- --------- --------- ----------- Return on sales (ROS), % 50.15 30.04 -40.1 Return on equity (ROE), % 15.80 1.97 -87.6 Return on assets (ROA), % 9.11 0.92 -89.9 ----------------------------------------------------------------- Relative to 2003 following balance sheet items recorded growth (all figures in tenge): - the bank's shareholders' equity - 30.3 m as the result of increase of total sum of undistributed income by 250.2 m., while additional un-paid cpiatal fell by 220.0 th.; - assets - KZT723.2 m, including: accounts receivable - 431.5 m; depreciated capital - 137.8 m and construction in progress - 174.3 m; while other assets fell by - 20.4 m; - liabilities - 693.0 m, including: bonds placed - 1.4 bn; other liabilities - 73.4 m and fall in attracted loans - 779.6 m. - cost of goods and services - 431.3 m. Volume of goods and services sold fell by 110.4 m. Net income, which KazTransCom OJSC earned by the results of 2003, decreased in comparison with 2003 by 223.4 m. Primary activities of the company - communication services for oil and gas and other sector companies. [2004-06-10]