Results of OJSC "Astana-finance" (Kazakhstan) in 1999

/KASE, May 10, 00, Galina Chudinova, Galina Tsalyuk/ - According to listing requirements, OJSC "Astana-finance" (Astana, official list of securities, category "B") provided Kazakhstan Stock Exchange (KASE) with its consolidated financial statements for the year 1999: balance sheet and income statement. Following are the results of the company in 1999 by the data of the issuer (in th. KZT): As of As of Change, Ratio January 1 '99 January 1 '00 % ------------------------------------- ------------- ------------- -------- Authorized capital (issued) 100,000 3,100,000 +3,000.0 Authorized capital (paid) 100,000 102,436 +2.4 Shareholders' equity 234,618 2,298,229 +879.6 Total assets 7,965,635 12,796,996 +60.7 Lending portfolio 4,605,367 9,547,455 +107.3 Doubtful debt provisions 131,732 541,862 +311.3 Borrowed funds 5,821,132 8,750,386 +50.3 Income from operating activities 507,696 6,266,610 +1,134.3 General expenses 507,696 4,747,298 +835.1 Net income 0 1,519,312 - ------------------------------------- ------------- ------------- -------- Calculated based on issuer's data: ------------------------------------- ------------- ------------- -------- Return on equity (ROE), % 0.00 66.11 - Return on assets (ROA), % 0.00 11.87 - Earnings per share (EPS), KZT 0.00 14,831.82 - Book value of a share, KZT 2,346.18 22,435.76 +856.3 ------------------------------------- ------------- ------------- -------- Following indicators rose in 1999 as compared to 1998: - shareholders' equity by KZT2.06 bln, or 9.8 times (increase in undistributed income - by KZT1.52 bln, reserve capital - by KZT541.86 mln, paid authorized capital - by KZT2.44 mln); - assets by KZT4.83 bln; - lending portfolio by KZT4.94 bln; - volume of borrowed funds by KZT2.93 bln; - Income from operating activities by KZT5.76 bln; - general expenses by KZT4.24 bln. As a result, net income of OJSC "Astana-finance" in 1999 equaled KZT1.52 bln. Common registered shares of OJSC "Astana-finance" (trade code ASFI) included in official list of KASE securities, category "B" at February 17, 2000. Five deals has been made on securities since the date of their first trades (February 28, 2000). Following are the main activities of the company: certain types of banking services, investment activity, financing of economic and social projects related to development of the special economic zone in Astana, other types of activity in accordance with company's regulation and acquired licenses.