Results of KazTransOil CJSC (Kazakhstan) in I quarter of 2001

/KASE, Aug 14, 01/ - KazTransOil CJSC (Astana) provided the KASE with its financial statements for the I quarter of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in the I quarter of 2001 (in th. KZT unless otherwise specified): --------------------------------------------------------------- As of As of Change, Ratio Apr. 1 '00 Apr. 1 '01 % ------------------------------- ----------- ----------- ------- Authorized capital 19,406,071 32,903,713 +69.6 Shareholders' equity 99,774,311 123,590,743 +23.9 Total assets 118,419,561 137,885,336 +16.4 Net working capital -8,530,451 15,769,925 +284.9 Accounts receivable (net) 3,684,718 6,575,740 +78.5 Doubtful debt reserves 2,306,615 2,827,648 +22.6 Liabilities, total 18,645,250 14,294,593 -23.3 Credits attracted 40,079 - - Accounts payable 18,018,280 9,835,583 -45.4 Bonds issued - 3,922,641 - Sales (services offered) 5,293,420 10,352,766 +95.6 Cost of goods sold 5,440,191 6,432,685 +18.2 Net income (loss) of the period (1,588,212) 2,137,001 - --------------------------------------------------------------- Compared to I quarter of 2000: - shareholders' equity of the company increased by KZT23.8bn, or by 23.9% (authorized capital - by KZT13.5bn, reserve capital - by KZT13.3bn, final amount of undistributed income - by KZT6.0bn with a decrease in additional unpaid capital - by KZT9.0bn); - assets increased by KZT19.5bn, or 16.4% (cash - by KZT10.5bn, net accounts receivable - by KZT2.9bn, residual values of fixed assets - by KZT2.7bn, inventory - by KZT2.0bn, other assets - by KZT1.4bn); - liabilities decreased by KZT4.3bn, or 23.3% (decline in short-term liabilities by KZT8.2bn with an increase in long-term liabilities through bond issue - by KZT3.9bn); - services offered increased by KZT5.1bn, or 95.6%; - cost of services increased by KZT1.0bn, or 18.2%; - expenses of the period increased by KZT855.1m, or 3 times. By the results of the I quarter of 2001 KazTransOil CJSC received a net income of KZT2.1bn against KZT1.6bn of loss in I quarter of 2000. Coupon bonds (KZ73LAONAA35, trade code - KZTOb) of KazTransOil CJSC were admitted to the official list of the KASE under category "A" on October 20, 2000. Primary activities of the company: oil transporting service including pipeline, sea and railroad transport; transportation of oil products and water using pipeline system.