Results Mangistaumunaigas OJSC (Kazakhstan) in 2000

/KASE, June 29, 01/ - Mangistaumunaigas OJSC (Aktau) provided the KASE with its financial statements for 2000: balance sheet, income and cash flow statements. Following are the results of the company in 2000 by the data of the issuer (in m KZT): --------------------------------------------------------------------- As of As of Change, Ratio Jan.1 '00 Jan.1 '01 % -------------------------------------- --------- --------- ------- Authorized capital (paid) 10,892 10,892 0 Shareholders' equity 13,255 30,024 +126.5 Total assets 42,494 83,726 +97.0 Net working capital -9,635 1,127 +111.7 Accounts receivable (net) 26,587 43,029 +61.8 Bad debt reserves 18,176 5,843 -67.9 Accounts payable 18,402 42,103 +128.8 Sales 45,782 106,193 +132.0 Cost of goods sold 7,996 31,275 +291.1 Net income (loss) 8,090 18,324 +126.5 -------------------------------------- --------- --------- ------- Calculated based on the issuer's data: -------------------------------------- --------- --------- ------- Return on sales, (ROS), % 82.5 70.5 -14.5 Return on equity, (ROE), % 61.0 61.0 0 Return on assets, (ROA), % 19.4 21.9 +15.0 Earnings per share (EPS), KZT 814.2 1,869.3 +129.6 Book value of a share, KZT 1,217.2 2,757.1 126.5 --------------------------------------------------------------------- Earnings per share (EPS) for the year 2000 is calculated without taking into account the dividends to preferred shares, which have not been set yet. Compared to 1999 growth took place in (all figures are given in tenge, unless otherwise indicated): - shareholders' equity of the company - by 16.8bn, or 2.3 times (final amount of undistributed income - by 17.1bn, with a decrease in additional unpaid capital - by 200.2m and in reserve capital by 108.7m); - assets - by 41.2bn, or 97.0% (accounts receivable - by 16.4bn, fixed assets - by 9.1bn, inventory - by 3.6bn, long-term investments - by 3.2bn, with a decline in bad debt reserves by 12.3bn, cash - by 3.4bn); - liabilities - by 24.5bn, or 83.7% due to an increase in accounts payable - by 23.7bn; - sales - by 60.4bn, or 2.3 times; - cost of goods sold - by 23.3bn, or 3.9 times; - expenses of the period - by 32.1bn, or 2.6 times. As a result, net income received by the company in 2000 equaled 18.3bn, or 10.2bn or 2.3 times more than that in 1999. Common inscribed (KZ1C05020218, trade code - MMGZ) and preferred inscribed (KZ1P05020213, trade code - MMGZp) shares of Mangistaumunaigas OJSC are traded within the official list of the KASE securities under category "A". Primary activities of the company: extraction and transportation of oil and gas; oil refining, sale of oil and petroleum products; exploration of oil and gas deposit sites.