Net loss of KEGOC fell to KZT1.265 bln in 2000

/IRBIS, May 21, 01/ - According to "Express K" weekly newspaper, net loss of Kazakhstan Electricity Grid Operating Company fell to KZT1.265 bln from 3.513 bln in 1999. Table below presents financial indicators of the companies activity in 2000 (million tenge): -------------------------------------------------------- Jan-Dec Jan-Dec 2000 1999 ------------------------------ ----------- ----------- Net income (loss) -1,265.143 -3,512.915 Income from operating activity 9,231.540 8,081.361 Cost of goods sold 7,588.083 7,294.659 Expenses 2,206.133 5,353.033 Total assets 71,430.566 71,866.910 Non-working assets 65,670.328 67,625.346 Working assets 5,760.238 4,241.564 Total capital 69,696.666 70,847.558 Authorized capital 100,000.000 100,000.000 Payables to suppliers 661.799 311.724 Wage debt 94.111 73.402 Other payables 206.790 35.107 Total shareholder's capital 71,430.566 71,866.910 -------------------------------------------------------- Results of financial activity, balance sheet, income statement of KEGOC OJSC are confirmed by Delloite & Touche LLP. The government holds 100% shares of KEGOC. The length of electric grid in Kazakhstan is 23,462.67 km.