Results of Kazakhstan temir zholy RSE (Kazakhstan) in I quarter of 2001

/KASE, Sept 28, 01/ - Kazakhstan temir zholy RSE (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 (paid) 904,631 971,382 +7.4 Shareholders' equity 140,387,098 149,074,588 +6.2 Total assets 180,519,990 182,003,693 +0.8 Net working capital 12,234,869 15,760,314 +28.8 Accounts receivable (net) 21,571,832 12,166,732 -43.6 Liabilities, total 40,132,892 32,909,143 -18.0 Long term credits 15,688,979 14,234,842 -9.3 Short terms credits 1,644,575 4,363,500 +165.3 Accounts payable 22,794,993 13,879,508 -39.1 Volume of sales (services offered) 34,718,110 34,140,867 -1.7 Cost of goods sold 23,287,486 23,088,900 -0.9 Net income (loss) of the period 248,108 7,760,335 +3,027.8 ------------------------------------------------------------------- Compared to I quarter of 2000: - shareholders' equity of the company increased by KZT8.7bn, including final amount of undistributed income - by KZT22.8bn, the authorized capital - by KZT67.0 with a decrease of searching fund for main means - by KZT14.1bn; - assets increased by KZT1.5bn, as a result of increase of commodity- money resources by KZT5.2bn, non completed capital development - by KZT3.2bn, money resources - by KZT2.1bn, main means - by KZT576.2m with decrease of accounts payable by KZT9.4bn; - liabilities decreased by KZT7.2bn, including accounts receivable - by KZT8.9bn with an increase in sum of raised credits - by KZT1.3bn and other liabilities - by KZT431.3m. The volume of rendered services decreased down to KZT577.2bn, cost of goods sold decreased down to - KZT198.6m, expenses of period decreased down to - KZT4.5bn (59.2%). Yield of non operating activity totaled KZT1.1bn against KZT527.8m of losses, in the same period of last year. By the results of the I quarter of 2001 Kazakhstan temir zholy RSE received a net income of KZT7.8bn, that is KZT7.5bn more (31.3 times) than in I quarter of 2000. Second issue inscribed coupon bonds (KZ2EUY03A368, TMJLb2; $100, $30 m, July 10, 01 - July 10, 04, semiannual coupon 8.0% APR) of Kazakhstan temir zholy were admitted to the official list of the KASE under category "A" on July 10, 2001. Primary activities of the company: transportation of cargoes and passengers, export and import of products, supplying with external economic relations of the Republic.