Results of activity of Aktobemunai-finance JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, October 17, 05/ - Aktobemunai-finance JSC (Aktobe, hereinafter - company), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE with financial statement for the I quarter 2005. Following indicators are 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, Indicator Jan 1, 04 Jan 1, 05 % -------------------------------- --------- --------- ------- Authorized capital (paid) 1,300,000 1,300,000 0.0 Shareholders' equity 1,164,719 1,363,639 +17.1 Total assets 3,222,378 4,916,968 +52.6 Net working capital 367,063 1,273,356 +246.9 Accounts receivable 840,420 794,551 -5.5 Liabilities, total 1,741,017 3,270,348 +87.8 Borrowed loans 1,245,805 2,564,788 +105.9 Accounts payable 495,212 705,560 +42.5 Minority interest 300,291 282,981 -5.8 Sales volume 290,754 448,001 +54.1 Cost of goods sold 252,409 317,525 +25.8 Net income (loss) for the period (14,868) 9,900 - Book value of 1 share, KZT 89.59 104.90 +17.1 --------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - shareholders equity of the company - by KZT198.9 m. as the result of decrease of total sum of uncovered loss by KZT162.0 m., increase in reserve capital by KZT18.8 m. and other articles of capital - by 18.1 m.; - assets - by KZT1.7 bn., what was caused by growth of financial investments volume by 607.3 m., residual value of fixed assets - by 583.0 m. and inventory stocks - by 525.1 m. with decrease of assets by 20.8 m.; - liabilities - by KZT1.5 bn., including: borrowed loans - by KZT1.3 bn., and accounts payable - by 210.3 m.; - sales volume - by KZT157.2 m.; - cost of goods sold - by KZT65.1 m. In the I quarter 2005 the company earned net income in the amount KZT9.9 m. against KZT14.9 m. loss of similar period of 2004. Company's primary activities - generation and sale of electrical energy, gas transportation and commercial activity. [2005-10-17]