Auditing report on 2000 financial statements of DAGOK Kustanaiasbest OJSC (Kazakhstan)

/KASE, Aug 3, 01/ - DAGOK Kustanaiasbest OJSC (Almaty, official list of securities, category "A"), in accordance with the listing requirements, provided KASE the auditing report of "KPMG Janat" (Almaty, Kazakhstan) made on 2000 consolidated financial statements. Indicator 1999 2000 ------------------------------------------------ --------- --------- Authorised capital (paid up) 70,000 460,000 Weighted average issued shares, number of shares 383,318 1,139,320 Shareholders' equity 3,640,529 4,327,649 Total assets -812,479 -38,300 Liquid assets 1,518,796 1,806,156 Loans and other outflows to the clients (net) 3,257,211 3,138,271 Liabilities to the banks 719,138 939,821 Liabilities to the clients 2,538,073 2,198,450 Operating profit 1,931,194 2,858,150 Total expenses 1,540,567 1,953,779 Net income 74,869 367,465 ------------------------------------------------ --------- --------- Calculated by the data of auditing report: ------------------------------------------------ --------- --------- Return on equity (ROE), % 20.23 31.64 Return on assets (ROA), % 19.53 32.25 Price earnings ratio (P/E) 0.02 8.49 ---------------------------------------------------------------------- Auditing was conducted by "KPMG Janat" in accordance with International accounting standards (IAS). KAG Asset company ( participating portion 90% that is KZT450 mln) is in group of subsidiaries of DAGOK Kustanayasbest OJSC. Investments in Kustanayasbest LLP were not consolidated due to their non significance. It was marked in audit report that auditor could not determine number of material resources on Dec 31, 1999 because auditor was assigned for company after this date and had no chance to determine. In the opinion of auditor the applied financial report reflects precisely financial condition of DAGOK Kustanayasbest OJSC and its subsidiary on Dec 31, 2000 and also results of its activity and monetary circulation during the indicated period. Today at KASE within official list of securities, under A category coupon bonds of DAGOK Kustanayasbest are traded (KZ739AVI2A42, trade code - KZASb1, Feb 19. 01 - Feb 19. 04, $100, $6.0 mln, semiannual coupon 12.0% APR) The company is engaged in extraction and enrichment of asbest chrysotil and production of goods asbest and other accompaning construction materials.