SHAKHARMUNAIGAS OJSC (Kazakhstan): financial indices

/IRBIS, Jan 25, 01/ - Following are financial and economic ratios of SHAKHARMUNAIGAS OJSC (Almaty), made by the data of the Listing Commission of Kazakhstan Stock Exchange (KASE). The information is published in connection with admission of the first issue bonds of the company into official list of the KASE securities, category "A". The management of SHAKHARMUNAIGAS OJSC assumes full responsibility for the reliability of presented information. FINANCIAL STATEMENTS DATA PRESENTED BY THE ISSUER SHAKHARMUNAIGAS OJSC presented its balance sheet, income and cash flow statements for the years 1997-1999 and 6 month 2000 statements for TUMA LLP as well as intermediate statements of the SHAKHARMUNAIGAS for 9 month 2000, which were made in accordance with the Kazakhstani accounting standards (KAS). The table below is compiled by IRBIS analysts using data of the issuer. (in th. KZT, unless otherwise specified) ------------------------------------------------------------------------------- As of As of As of As of Index Jan 01 '98 Jan 01 '99 Jan 01 '00 Oct 01 '00 ------------------------------------------------------------------------------- Authorized capital (paid) 550 1,200 1,200 1,200 Book value of the assets 12,209 19,487 1,627,815 1,597,592 Fixed assets (depreciated cost) 304 3,987 3,598 2,397 Shareholders' equity 1,291 763 1,602,566 1,593,550 Net working capital 955 -3,224 1,598,968 1,591,153 Volume of sales 0 26,942 70,087 15,476 Accounts receivable (net) 44 2,015 11,007 683,120 Accounts payable 10,918 18,724 25,249 4,042 Net profit (outstanding loss) (45,885) (391) 1,601,803 (3,370) Return on sales (ROS), % 0 25.27 46.44 44.30 Return on equity (ROE), % - - 99.95 - Return on assets (ROA), % - - 98.40 - ------------------------------------------------------------------------------- Accounting data and financial statements of the company compiled as of Jan.01,00 comply with similar auditing report. The net income in 1999 amounted to KZT1,601.8 mln was received because of sale of 7% stake in authorized capital of Munaigas OJSC(purchased on Nov.10, 99 for KZT280 th.). Price of the stake sold to Turan LLP amounted KZT1,596.0 mln. Profit from primary activity in 1999 totaled KZT5,890.0 th. AUDITING REPORT DATA SHAKHARMUNAIGAS OJSC presented audit conclusions over financial statements for 1999 made by KPMG Janat and 9 month 2000 made by NAC "Otau Consulting." In audit conclusion for 1999, KPMG Janat marked that the auditor was not able to find sufficient evidence of data conformity for opening balances. Resulting corrections may have significant impact on compilation of the balance and financial report. Besides above mentioned possible corrections, financial statements of the company give a reliable presentation of financial situation in all necessary aspects as of December 31, 1999 as well as the results of its financial and economic activities and cash flows as of indicated period in accordance with Kazakhstan accounting standards.