Results of Aluminii Kazakhstana OJSC (Kazakhstan) in 2000

/KASE, May 07, 01/ - According to listing requirements, Aluminii Kazakhstana OJSC (Pavlodar, primary activities of the company - production and sales of aluminum, limestone and fluoride salts; extraction and concentration of aluminum containing ore; generation of thermal and electrical energy) provided Kazakhstan Stock Exchange (KASE) with its consolidated financial statements for year 2000: balance sheet, income and cash flow statements. Following are the results of the company in 2000 by the data of the issuer (in th. KZT): As of As of Change, Ratio January 1 '00 January 1 '01 % ----------------------------------------- ------------- ------------- ------- Authorized capital (announced) 6,000,000 6,000,000 0 Authorized capital (paid up) 5,834,811 5,827,176 -0.1 Shareholders' equity 12,356,051 14,859,211 +20.3 Total assets 18,826,076 25,378,070 +34.8 Net working capital 6,258,269 4,637,650 -25.9 Accounts receivable 2,989,454 5,912,913 +97.8 Accounts payable 2,696,227 8,524,754 +216.2 Sales (services offered) 18,303,173 26,727,546 +46.0 Cost of goods sold (services offered) 12,255,882 15,652,094 +27.7 Net income (loss) 5,440,442 3,261,969 -40.0 ----------------------------------------- ------------- ------------- ------- Calculated on a base of the emitter's data: ----------------------------------------- ------------- ------------- ------- Return on sales (ROS), % 33.04 41.44 +25.4 Return on capital (ROE), % 44.03 21.95 -99.5 Return on assets (ROA), % 28.90 12.85 -99.6 Earnings per share (EPS), tenges 101.75 61.71 -39.4 Price/earnings index(P/E) - 1.85 - Book value per share, tenges 211.76 255.00 +20.4 -------------------------------------------------------------------------------- Earnings per share (EPS) for 2000 is given without dividends on preferred shares, which have been not determined for now. According to financial statements for 2000, following indicators registered growth in comparison to the previous year (all figures are given in tenge, unless otherwise indicated): - shareholders equity - by 2.5 bln (including increase in reserve capital - 3.1 bln, decline occurred in: total undistributed income - 491.9 mln, additional unpaid capital - 71.3 mln, paid-up part of authorized capital 7.6 mln); - assets increased by 6.5 bln (including: fixed assets - 2.9 bln, accounts receivables - 2.9 bln, inventory holdings - 2.2 bln, capital construction in progress - 1.3 bln, decline of funds - 2.8 bln); - liabilities increased by 4.0 bln (accounts payable - 5.8 bln, other liabilities - 85.3 mln, and decline of short-term credits - 1.9 mln); - sales of goods - 8.4 bln; - cost of goods sold - 3.4 bln; - expenses - 3.5 bln. As a result, net income of the company in 2000 fell by 2.2 bln or 40% and totaled 3.3 bln. Following are the quarterly data of sales and income volumes of Aliuminii Kazakhstana for 2000 (mln. KZT). Ch. Ch. Ch. Index I-00 II-00 % III-00 % IV-00 % ------------ ------- ------- ----- ------- ----- ------- ------ Sales volume 5,942.5 6,325.5 +6.4 6,185.3 -2.2 8,274.3 +33.8 Net income 1,784.7 1,447.5 -18.9 606.3 -58.1 -576.5 -195.1 ---------------------------------------------------------------------- Presently, common (KZ1C02901519, trade code - ALKZ) and preferred (KZ1AP02901514, trade code - ALKZp) shares of Aluminii Kazakhstana OJSC are traded under category "B" of the official list of KASE securities. As of May 6, 2001, market capitalization of Aluminii Kazakhstana OJSC equaled $39.3 mln.