/IRBIS, Galina Tsalyuk, July 4, 05/ - Pavlodar Petrochemical plant JSC (Pavlodar, hereinafter - company), whose common shares are included in the official "A" listing category of Kazakhstan stock exchange (KASE), has presented to KASE auditor's report made by KPMG Janat (Almaty) on the bank's financial statement for 2004, which was prepared in compliance with Kazakhstan accounting standards (KAS).

Result of the bank's financial and economic activity in year 2004 is as follows, in accordance with audited statement (th. KZT, unless otherwise specified):

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                                       As of       As of
Indicator                         Dec 31, 03  Dec 31, 04
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Authorized capital (paid)          6,510,000   6,510,000
Shareholders' equity               6,881,207   7,009,681
Total assets                      10,487,029  10,094,402
Net working capital                4,161,078   5,369,729
Accounts receivable                1,179,285   1,642,265
Advance payment on rent            1,497,110      45,707
Liabilities, total                 3,605,822   3,084,721
Accounts payable                   3,506,856   2,946,383
Volume of sales                   25,387,303  20,177,410
Prime cost of sales               23,172,754  19,192,226
Net income for the year              114,633     128,474
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Calculated by audited statement:
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Return on sales (ROS), %                8.72        4.88
Return on equity (ROE), %               1.67        1.83
Return on assets (ROA), %               1.09        1.27
Earnings per share (EPS), KZT          17.61       19.73
Book value of one share, KZT        1,057.02    1,076.76
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Audit of company's financial statement for 2004 was conducted by KPMG Janat in compliance with international auditing standards.

In audit report of KPMG Janat written, that company's financial statement insufficiently opens its operations with connected parties.

In the opinion of KPMG Janat, except above in the previous paragraph, financial statement in all essential aspects gives authentic notion about the company's position as on December 31, 2004, results of its activity and cash flow for the year, ended by the mentioned date, in compliance with KAS.

Company's primary activities - petroleum refining, production and sale of oil products; designing and building of communication objects and power engineering objects; development and realization of scientific-technical projects in the sphere of informatization, communications, transport and power engineering; production and sale of chemically refined and desalted water, oxygen; building and repair-construction works.

[2005-07-04]