REFERENCE: Corporation Kazakhmys OJSC (Kazakhstan) - financial ratios

/IRBIS, information of the KASE Listing commission, Aug 23, 01/ - The following information is published due to the transfer of Corporation Kazakhmys second issue common and preferred shares from "B" category into "A" category of Kazakhstan Stock Exchange (KASE) official list. Corporation Kazakhmys OJSC presented following financial statements, which have been made in compliance with the Kazakhstani Accounting Standards (KAS): consolidated financial statements (balance sheet, income and cash flow statements) for the years 1998-2000, as well as consolidated balance sheet, income and cash flow statements for the I half of 2001. Consolidated financial ratios of Corporation Kazakhmys OJSC, made on the basis of the company's data, th. KZT unless otherwise indicated -------------------------------------------------------------------------------- as of as of as of as of Ratio Jan 1.99 Jan 1.00 Jan 1.01 July 1.01 ----------------------------- ------------ ------------ ----------- ------------ Authorized capital, paid 98,231 98,231 98,231 2,946,920 Book value of the assets 74,895,409 90,448,664 102,527,232 117,328,127 Shareholders' equity 32,186,039 32,673,397 61,104,700 81,017,789 Net working capital (17,063,689) (18,154,031) 5,063,032 21,338,250 Accounts receivable 11,636,887 22,086,239 11,381,203 20,987,701 Accounts payable 25,813,212 30,544,304 35,820,271 30,722,909 Income from primary activities (1,697,300) 17,923,087 46,470,627 24,085,616 Sales 49,562,842 74,479,467 112,699,401 60,796,076 Cost 36,702,170 39,616,491 47,093,088 26,567,127 Liabilities 36,310,338 57,775,267 41,422,532 36,310,338 Loans attracted 17,342,769 23,736,859 1,186,832 1,172,000 Net income (loss) (4,047,649) 4,554,772 32,528,451 19,913,117 ------------------------------ ------------ ------------ ----------- ----------- Calculated by KASE: ------------------------------ ------------ ------------ ----------- ----------- Return on sales (ROS), % 26.0 46.8 58.2 56.3 Return on equity (ROE), % - 13.9 53.2 24.6 Return on assets (ROA), % - 5.0 31.7 17.0 Earnings per share (EPS), KZT - 869.18 7,261.97 4,504.8 Book value of a share, KZT 6,553.16 6,652.38 12,441.06 16,495.4 -------------------------------------------------------------------------------- Corporation Kazakhmys OJSC also presented auditing report on its consolidated financial statements conducted by KPMG Janat (1998-2000 years). Consolidated financial ratios of Corporation Kazakhmys OJSC, made on the basis of the company's audited data, th. KZT unless otherwise indicated ---------------------------------------------------------------- as of as of as of Ratio Jan 1.99 Jan 1.00 Jan 1.01 -------------------------- ------------ ------------ ----------- Authorized capital, paid 98,231 98,231 98,231 Book value of the assets 70,599,603 85,637,876 97,258,684 Shareholders' equity 25,028,490 28,824,612 62,191,331 Net working capital (12,054,301) (19,756,935) 17,969,290 Accounts receivable 4,013,989 13,779,239 2,751,833 Advanced granted and expenses of future periods 1,499,163 3,106,260 3,669,930 Accounts payable 14,502,081 14,004,374 15,670,535 Sales 49,199,904 74,805,361 112,614,710 Cost 33,662,506 32,892,513 39,187,601 Liabilities 56,813,264 56,813,264 35,067,353 Net income (loss) 224,961 3,522,710 38,397,650 -------------------------- ------------ ------------ ----------- Calculated by KASE: -------------------------- ------------ ------------ ----------- Return on sales (ROS), % 31.58 56.03 65.20 Return on equity (ROE), % 0.90 12.22 61.74 Return on assets (ROA), % 0.32 4.11 39.48 Book value of a share, KZT 4,632.60 5,335.24 11,511.19 ---------------------------------------------------------------- On the company's 1999-2000 financial statements the KPMG Janat made a conditional conclusion.