Results of KazTransOil NOTC CJSC (Kazakhstan) activity in 2000

/KASE, July 26, 01/ - KazTransOil NOTC CJSC (Astana) 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) 19,406,071 32,903,713 +69.6 Shareholders' equity 25,149,100 121,453,747 +382.9 Total assets 30,877,099 133,275,308 +331.6 Net working capital 3,654,471 13,697,964 +274.8 Accounts receivable (net) 4,551,465 6,384,484 +40.3 Bad debt reserves 5,727,999 11,821,561 +106.4 Accounts payable 5,085,762 7,646,257 +50.3 Issued circulating bonds - 3,628,829 - Sales 17,698,345 35,148,218 +98.6 Cost of goods sold 10,091,881 23,668,161 +134.5 Net income (loss) 5,639,812 7,431,698 +31.8 -------------------------------------- ---------- ----------- ------- Calculated based on the issuer's data: -------------------------------------- ---------- ----------- ------- Return on sales, (ROS), % 42.98 32.66 -24.0 Return on equity, (ROE), % 22.43 6.12 -72.7 Return on assets, (ROA), % 18.27 5.58 -69.5 ------------------------------------------------------------------------ Compared to 1999 growth took place in (all figures are given in tenge, unless otherwise indicated): - shareholders' equity of the company - by 96.3bn, or 4.8 times (authorized capital - 13.5bn, with a decrease in additional unpaid capital - by 67.5m and in reserve capital by 13.3m and final amount of undistributed income - by 67.5bn); - assets - by 102.4bn, or 4.3 times as a result of overestimation of main resources in January 2000. - liabilities - by 6.1bn, or 2.1times due to an increase in accounts payable - by 2.4bn and bonds floatation by 3.6bn; - sales - by 17.5bn, or 98.6%; - cost of goods sold - by 13.6bn, or 3.9 times; - expenses of the period - by 811.0bn, or 22.6 times. As a result, net income received by the company in 2000 equaled 7.4bn, or 1.8bn or 31.8 % more than that in 1999. The following is the table with ratio of KazTransOil NOTC CJSC in 2000 per quarter with no enlarging result (KZT m). ------------------------------------------------------------------------------ change change change Ratio I-2000 II-2000 in % III-2000 in % IV-2000 in % --------------- -------- ------- ------ -------- ------ -------- ------ Volume of sales 5,293.4 9,220.8 +74.2 9,638.1 +4.5 10,995.9 +14.1 Net income -1,588.2 3,145.7 +298.1 2,230.3 -29.1 3,643.9 +63.4 ------------------------------------------------------------------------------ Common inscribed (KZ73LAONAA35, trade code - KZTOb) traded within the official list of the KASE securities under category "A" in Oct 20, 2000. Primary activities of the company: extraction and transportation of oil and oil products by pipelines, marine and railway transport facilities.