Results of KazTransOil CJSC (Kazakhstan) in I half of 2001

/KASE, Oct 8, 01/ - KazTransOil CJSC (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): ------------------------------------------------------------ As of As of Change, Ratio July 1 '00 July 1 '01 % ------------------------- ----------- ----------- ------- Authorized capital 19,406,071 32,884,575 +69.5 Shareholders' equity 102,897,364 126,772,274 +23.2 Total assets 122,190,729 142,550,788 +16.7 Net working capital -5,931,309 20,554,013 +446.5 Accounts receivable (net) 6,912,068 9,077,494 +31.3 Doubtful reserves 2,267,630 2,619,443 +15.5 Liabilities, total 19,293,365 15,778,514 -18.2 Credits attracted 570,467 1,259,900 +120.9 Accounts payable 18,156,216 9,596,456 -47.1 Bonds issued - 4,395,893 - Sales 14,514,203 21,492,358 +48.1 Cost of goods sold 10,995,537 13,763,637 +25.2 Net income of the period 1,557,440 5,319,623 +241.6 ------------------------------------------------------------ Compared to I half of 2000: - shareholders' equity of the company increased by KZT23.9 bn as a result of an increase in paid part of authorized capital - by KZT13.5 bn, reserve capital - by KZT13.3 bn, final amount of undistributed income by - KZT6.1 bn, with a decrease in additional unpaid capital - by KZT9.0 bn; - assets increased by KZT20.4 bn, including: cash and equivalents - by KZT12.9 bn, net accounts receivable - by KZT2.2 bn, residual value of fixed assets - by KZT1.9 bn, inventory - by KZT1.3 bn, other assets - by KZT2.1 bn; - liabilities decreased by KZT3.5 bn as a result of short-term debt repayment for KZT8.6 bn, with an increase in long-term liabilities (issue of bonds) by KZT4.4 bn and total borrowings - by KZT689.4m; - sales rose by KZT7.0 bn; - cost of goods sold rose by KZT2.8 bn. As a result, net income of the company in I half of 2001 equaled KZT5.3 bn, which is KZT3.8 bn more than in similar period of last year. Now, following securities of KazTransOil CJSC are traded within official list of the KASE securities under category "A": - from October 20, 2000 - coupon bonds (KZ73LAONAA35; trade code - KZTOb; $30m; Oct 23.00 - Oct 23.03; semiannual coupon at 9.0% APR); - from August 27, 2001 - euronotes (XS0132391938; trade code - KZTOe1; $150m; July 6.01 - July 6.06; semiannual coupon at 8.5% APR). Primary activities: oil transporting service including pipeline, sea and railroad transport; transportation of oil products and water using pipeline system.