Results of Astana-finance OJSC (Kazakhstan) in I half of 2001

/KASE, Sept 25, 01/ - Astana-finance OJSC (Astana) provided the KASE with its financial statements for the I half of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in the I half of 2001 (in th. KZT, unless otherwise stated): ---------------------------------------------------------- As of As of Change, Ratio July 1 '00 July 1 '01 % --------------------------- ---------- ---------- -------- Authorized capital (issued) 3,100,000 2,000,000 -35.5 Authorized capital (paid) 1,546,627 1,820,875 +17.7 Shareholders' equity 1,728,383 2,255,495 +30.5 Total assets 15,166,948 8,029,232 -47.1 Accounts receivable 5,988,277 1,306,475 -78.2 Loan portfolio 5,394,456 5,072,904 -6.0 Liabilities, total 13,438,565 5,773,737 -57.0 Funds raised (credits) 9,364,128 5,487,152 -41.4 Accounts payable 4,072,067 283,351 -93.0 Operating income 2,577,751 524,131 -79.7 General expenses 2,575,995 414,052 -83.9 Net income of the period 1,756 110,079 +6,168.7 Book value of a share, KZT 1,117.52 1,238.69 +10.8 ---------------------------------------------------------- Compared to I half of 2000: - shareholders' equity of the company increased by KZT527.1m as a result of an increase in paid part of authorized capital by KZT274.2m, reserve capital - by KZT144.5m, net income - by KZT108.3m; - assets decreased by KZT7.1 bn, which was caused by the repayment of accounts receivable at KZT4.7 bn and decrease in investments in authorized capitals of other legal entities by KZT1.9 bn; - loan portfolio decreased by KZT321.6m; - liabilities decreased by KZT7.7 bn, including, KZT3.9 bn of credit repayments, KZT3.8 bn - repayment of accounts payable; - operating income fell by KZT2.1 bn; - general expenses fell by KZT2.2 bn. Net income of the company in I half of 2001 equaled KZT110.1m, which is KZT108.3m, or almost 63 times more than in similar period of last year. Primary activities of the company: some banking services, investing, financing economic and social development projects of Astana, as well as other activities specified in the charter and licenses. Now, official list of the Exchange of category "A" contains following securities of the company: - common shares (KZ1C37671418, trade code - ASFI); - coupon bonds (KZ2CUY02A356, trade code - ASFIb1, $100, $10m, July 2.01 - July 2.03, semiannual coupon at 9.0% APR).