Results of activity of Karazhanbasmunai OJSC (Kazakhstan) for first three months of 2001

/KASE, Aug 6, 01/ - Karazhanbasmunai OJSC (Aktau), provided KASE with the financial report of economic activity in first quarter of 2001: the balance and report of results in economic activity The following indicators are results of company's economic activity in first quarter of 2001, based upon company's information (in th. KZT): --------------------------------------------------------------------------- Apr. 01, Apr. 01, Increased./ Indicator 2000 2001 Decreased, % ------------------------------------- ---------- ---------- ------------ Authorized capital (with 2,160,476 2,161,102 0 adjustment to inflation) Shareholders' equity 1,369,573 4,303,658 +214.2 Balance cost of assets 5,558,000 15,441,538 +177.8 Net working capital -3,101,216 1,553,067 +150.1 Net debit loan 753,229 6,044,611 +702.5 Liabilities, in all 4,188,427 11,137,880 +165.9 Accounts receivable (net) - 6,327,784 - Accounts payable 4,132,298 4,456,775 +7.9 Sales (services offered) 3,353,382 4,114,175 +22.7 Cost of goods sold (services offered) 695,272 1,154,350 +66.0 Net income 1,050,160 1,028,719 -2.0 --------------------------------------------------------------------------- Relative to first three months of 2000 the following increase took place: - Shareholders' equity - KZT2.9bn or in 3.1 time (the final sum of non distributed income - KZT2.7bn, reserved capital - KZT324.2 mln, authorized capital - KZT0.6 mln, at decline of reserves on re estimation - KZT70.8 mln); - assets - KZT9.9bn or in 2.8 time as a result of debit loan inflow by KZT5.3bn (debt of mother company - KZT2.8bn), basic monetary means - KZT2.4bn, volume of non completed construction - by KZT1.1bn, other assets - by KZT1.1bn); - liabilities - KZT6.9 mln or in 2.7 time (inflow of raised bank credits - KZT3.4bn, issued bonds - KZT2.9bn); - sales - KZT760.8 mln or by 66.0%; - cost of goods sold - KZT459.1 mln or by 66.0%; - expenses of period - KZT179.8 mln or by 13.9%, the result of percentage payment increase. Net income of Karazhanbasmunai OJSC in first three months of 2001 - KZT1.0bn that is KZT21.4 mln or 2.0% minus, against similar period of 2000. Coupon bonds of Karazhanbasmunai OJSC (KZ73BAQLBA36, trade code - KARMb1) were included in official list of KASE securities, A category dated Dec 08, 2001. The main type of company's activity is the elaboration of Karazhanbasmunai oilfield, extraction, processing and submission of oil, modernization of technical methods of oilrecovery, wells ' construction, processing of crude oil, export of oil, marketing, distribution of hydrocarbons and hydrocarbon goods.