/KASE, Oct 01, 01/ - Kazakhstan Temir Zholy RSE (Astana) provided the KASE with its financial statements for six months of 2001: balance sheet and income statement.

By the data of the issuer following are the results of the company in six months of 2001 (in th. KZT unless otherwise specified):

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                                          As of        As of  Change,
Ratio                                July 1 '00   July 1 '01        %
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Authorized capital (paid)               904,631      971,382     +7.4
Shareholders' equity                146,450,978  152,394,779     +4.1
Total assets                        183,666,474  185,804,110     +1.2
Net working capital                  13,669,277   14,185,473     +3.8
Accounts receivable (net)            21,282,547   13,046,724    -38.7
Liabilities, total                   37,215,496   33,409,331    -10.2
Long term credits                    18,214,763   14,146,023    -22.3
Short terms credits                   3,412,613    1,915,000    -43.9
Accounts payable                     15,588,120   16,814,722     +7.9
Volume of sales (services offered)   74,989,317   94,960,019    +26.6
Cost of goods sold                   50,126,365   71,194,817    +42.0
Net income (loss) of the period       6,316,944   12,732,820   +101.6
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Compared to six months of 2000:

• shareholders' equity increased by KZT5.9bn, including final amount of undistributed income - by KZT13.3bn, the authorized capital - by KZT67.0m with a decrease of fixed assets revaluation fund- by KZT7.4bn;
• assets increased by KZT2.1bn, as a result of increase of inventory holdings by KZT5.7bn, construction in progress - by KZT7.3bn, other assets - KZT1.6m with decrease of accounts payable by KZT1.2bn and other liabilities - KZT8.2bn;
• liabilities decreased by KZT3.8bn, including accounts receivable - by KZT1.2bn with an increase in repayments of attracted credits - by KZT5.6bn and other liabilities - by KZT536.6m.

The volume of rendered services increased up to KZT20.0bn, cost of goods sold grew by - KZT21.1bn, expenses of period decreased down to - KZT2.3bn (21.8%). Yield from non-operating activity totaled KZT1.5bn against KZT3.2bn of losses, in the same period of last year.

By the results of six months of 2001 Kazakhstan Temir Zholy RSE received a net income of KZT12.7bn, that is KZT6.4bn more (2 times) than in same period of last year.

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.