Results of activity of Exploration Extraction KazMunayGas JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, August 2, 05/ - Exploration Extraction KazMunayGas JSC (Astana, the company), whose common shares are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with consolidated financial statement for year 2004. Following indicators are result of the issuer's financial and economic activity in 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ------------------------------- ----------- ----------- -------- Authorized capital (paid) 10,340,269 11,765,732 +13.8 Shareholders' equity 218,557,535 261,291,346 +19.6 Total assets 263,453,515 387,048,893 +46.9 Net working capital 25,761,525 57,430,524 +122.9 Accounts receivable 30,499,447 51,002,762 +67.2 Liabilities, total 53,607,615 124,532,333 +132.3 Borrowed loans 712,944 28,846,661 +3,946.1 Accounts payable 44,970,905 81,964,091 +82.3 Stake of minority 177,000 1,225,214 +592.2 Sales volume 178,891,244 243,590,677 +36.2 Cost of goods sold 63,323,662 83,761,779 +32.3 Net income for the year 25,501,954 32,985,118 +29.3 ------------------------------- ----------- ----------- -------- Calculated by company's data: ------------------------------- ----------- ----------- -------- Return on sales (ROS), % 64.60 65.61 +1.6 Return on equity (ROE), % 11.67 12.62 +8.2 Return on assets (ROA), % 9.68 8.52 -12.0 Earnings per 1 share (EPS), KZT 677.85 766.18* - Book value of one share, KZT 5,284.14 5,551.96 +5.1 ------------------------------------------------------------------- * - calculated without dividends on privileged shares. Relative to 2003 there is growth of: - shareholders' equity - by KZT42.7 bn. as the result of increase of total amount of undistributed income by 36.7 bn., paid authorized capital - by 1.4 bn. and formation of additional paid capital in the amount of 5.8 bn., whereas additional unpaid capital fell by 1.1 bn. and reserve capital - by 41.8 m.; - assets - by KZT123.6 bn. including: residual value of fixed assets (including construction in process) - by 61.3 bn., money - by 32.5 bn., accounts receivable - by 20.5 bn., inventory - by 7.6 bn. and other assets - by 1.7 bn.; - liabilities - by KZT70.9 bn., of them: accounts payable - by 37.0 bn., borrowed loans - by 28.1 bn. and other liabilities - by 5.8 bn.; - sales volume - by KZT64.7 bn.; - cost of goods sold - by KZT20.4 m. Net income the company earned in year 2004 exceeded its net income of year 2003 by KZT7.5 bn. Company's primary activities - exploration and survey works, development of oil, gas and gas-condensate fields; production and transportation of oil and gas; initial oil preparation and gas refining, sale of hydrocarbon raw stuff and products of its refining. [2005-08-02]