Results of activity of KazTransCom JSC (Kazakhstan) activity in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 24, 04/ - KazTransCom JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), presented KASE the financial statement for 9 months of 2004. Following indicators are result of issuer's financial and economic activity for 9 months of 2004 based upon the issuer's data (th. KZT): --------------------------------------------------------------- As of As of Change, Indicator Oct 1, 03 Oct 1, 04 % -------------------------------- --------- --------- ------- Authorized capital (paid) 42,100 42,100 0.0 Shareholders' equity 1,636,985 1,705,606 +4.2 Balance cost of assets 2,863,885 5,135,925 +79.3 Net working capital 274,433 1,890,185 +588.8 Accounts receivable 581,081 1,173,793 +102.0 Total liabilities 1,226,900 3,430,319 +179.6 Borrowed loans (excluding bonds) 807,364 - - Bonds floated - 2,784,956 - Accounts payable 365,528 565,824 +54.8 Volume of rendered services 1,673,098 1,953,556 +16.8 Cost of rendered services 1,169,376 1,367,122 +16.9 Net income of the period 18,691 68,590 +267.0 --------------------------------------------------------------- Relative to similar period of 2003 there is growth of: - shareholders' equity - by KZT68.6 m., as a result of increase of total sum of undistributed income by 326.5 m. with decrease of additional unpaid capital by 257.9 m.; - assets - by KZT2.3 bn., including: money - 581.8 bn., accounts receivable - by 592.7m., short term financial investments - by 745.7 m. and other assets - by 351.8 m.; - liabilities - by KZT2.2 bn., what was conditioned by floatation of bonds by 2.8 bn., growth of accounts payable by 200.3 m. and deferred taxes - by 25.5 m. with redeem of previous attracted loans (excluding bonds) - by 807.4 m. - volume of rendered services - by KZT280.4 m.; - cost of rendered services - by KZT197.7 m. Net income of KazTransCom OJSC received within 9 months of 2004, exceeded its net income of similar period for 2003 by KZT49.9 m. Primary activities of the company - communication services for oil and gas and other sector companies. [2004-11-24]