Results of Kazakhstan temir zholy RSE (Kazakhstan) in six months of 2001

/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): --------------------------------------------------------------------- As of As of Change, Ratio July 1 '00 July 1 '01 % ---------------------------------- ----------- ----------- ------- 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 --------------------------------------------------------------------- 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.