Results of Kazakhstan Temir Zholy NSC (Kazakhstan) in first six months of 2000

/KASE, Nov 09, 00 / - Kazakhstan Temir Zholy (Astana), in accordance with the listing requirements, provided the Kazakhstan Stock Exchange (KASE) with its financial statements for first six months of year 2000: balance sheet, cash flow statement and various reports on economic and financial activity. Following are the results of the issuer in the first six months of year 2000 (in th. KZT): ------------------------------------------------------------------- As of As of Change, Indicator July 1,99 July 1,00 % ------------------------------------------------------------------- Authorized capital 954,412 904,631 -5.2 Shareholders' equity 149,470,513 146,450,978 -2.0 Total assets 185,601,807 183,666,474 -1.0 Net working capital 11,685,958 13,669,277 +17.0 Accounts receivable 24,537,799 21,282,547 -13.3 Total liabilities 36,131,294 37,215,496 +3.0 Long-term credits 11,511,099 18,214,763 +58.2 Short-term credits 1,310,419 3,412,613 +160.4 Accounts payable 23,309,776 15,588,120 -33.1 Sales 40,632,991 74,989,317 +84.6 Cost of goods sold 32,353,197 50,126,365 +54.9 Net income (loss) of the period 496,980 6,316,944 +1,171.1 ------------------------------------------------------------------- Compared to the similar period of 1999 the company experienced following changes: - shareholders' equity of the company decreased by KZT3.0 bln, or 2.0% (including authorized capital - KZT49.8 mln due to branch separation, fixed assets revaluation fund - KZT27.9 bln, reserve capital - KZT5.4 mln and increase in final amount of undistributed profit by KZT24.9 bln.); - assets decreased by KZT1.9 bln, or 1.0%; - liabilities rose by KZT1.1 bln, or 3.0%. The sales and goods offered grew up by KZT34.4 bln, or 84.6%, their cost - rose by KZT17.8 bln, or 54.9%, expenses for the period - by KZT5.0 bln, or 90.6%, losses from non-operating activity - KZT1.6 bln or 2 times. The net income of Kazakhstan Temir Zholy NSC in first six months of 2000 equaled KZT6.3 bln that is KZT5.8 bln or 12.7 times more than in corresponding period of last year. Discount bonds of Kazakhstan Temir Zholy NSC were included into "A" of the official list of KASE securities on June 23, 2000 (KZ2CLALN6A19, trade code - TMJLb). The main company's activities: transportation services to the economy, cargo and passenger transportation security.