Results of NOC Kazakhoil CJSC subsidiaries in I half of 2001

/KASE, Oct 12, 01/ - NOC Kazakhoil CJSC (Astana) provided the KASE with non-consolidated financial statements for the I half of 2001: balance sheet, income and cash flow statements, as well as major indicators for the I half of 2001 of main subsidiaries: Uzenmunaigas OJSC, Kazakhoil-Emba OJSC and Atyrau NPZ OJSC. Based on presented documents main indicators of NOC Kazakhoil CJSC and its three subsidiary companies were as follows for the I half of 2001 (m KZT, unless otherwise indicated): ----------------------------------------------------------------------- as of July as of July Indicator 1, 01* 1, 00 Change, % ------------------------------------ ---------- ---------- --------- NOC Kazakhoil CJSC ------------------------------------ ---------- ---------- --------- Sales (works done, services) 11,021 3,674 +200.0 Production expenses 2,987 1,119 +166.9 Net income (loss) 5,199 2,045 +154.2 Average listed number of workers 286 298 -4.0 Payments made to budgetary and off-budgetary funds 7,114 2,518 +182.5 Accounts receivable 6,825 9,816 -30.5 Accounts payable 1,289 4,082 -68.4 including budgetary payments 89 3,577 -97.5 Capital investments 1,978 1,391 +42.2 ------------------------------------ ---------- ---------- --------- Uzenmunaigas OJSC ------------------------------------ ---------- ---------- --------- Extraction volume, th. tons 2,012 1,721 +16.9 Average price per ton of oil, KZT 18,340 14,829 +23.7 Extraction cost of 1 ton of oil, KZT 6,575 6,219 +5.7 Sales (works done, services) 36,507 26,778 +36.3 Production expenses 23,409 17,800 +31.5 Net income (loss) 9,296 7,456 +24.7 Average listed number of workers 6,849 6,569 +4.3 Payments made to budgetary and off-budgetary funds 12,191 5,021 +142.8 Accounts receivable 2,898 3,075 -5.8 Accounts payable 3,472 4,350 -20.2 including budgetary payments 1,202 1,806 -33.4 Capital investments 12,964 8,028 +61.5 ------------------------------------ ---------- ---------- --------- Kazakhoil-Emba OJSC ------------------------------------ ---------- ---------- --------- Extraction volume, th. tons 1,173 1,121 +4.6 Average price per ton of oil, KZT 17,606 14,413 +22.2 Extraction cost of 1 ton of oil, KZT 6,463 3,968 +62.9 Sales (works done, services) 20,453 20,335 +0.6 Production expenses 12,950 14,068 -7.9 Net income (loss) 4,764 4,404 +8.2 Average listed number of workers 6,331 6,222 +1.8 Payments made to budgetary and off-budgetary funds 5,749 4,780 +20.3 Accounts receivable 1,247 1,234 +1.1 Accounts payable 1,646 1,371 +20.1 including budgetary payments 1,202 1,806 -33.4 Capital investments 4,607 2,540 +81.4 ------------------------------------ ---------- ---------- --------- Atyrau NPZ OJSC ------------------------------------ ---------- ---------- --------- Processing volume, th. tons 1,087 1,104 -1.5 Sales (works done, services) 3,300 3,666 -10.0 Production expenses 2,226 2,246 -0.9 Net income (loss) 857 1,097 -21.9 Average listed number of workers 1,823 1,688 +8.0 Payments made to budgetary and off-budgetary funds 2,484 2,044 +21.5 Accounts receivable 1,500 1,357 +10.5 Accounts payable 423 802 -47.3 including budgetary payments 16 515 -96.9 Capital investments 325 293 +10.9 ----------------------------------------------------------------------- * - initial data. Coupon bonds of NOC KAZAKHOIL CJSC (KZ72LAG56A20, trade code - KZOLb) were entered into official list of the Exchange under category "A" on May 19, 2000. The issue volume - $25.0 mln, face value of the bond - $100, coupon rate - 9% APR, payment frequency - 2 times a year, circulation term - 2 years. Uzenmunaigas OJSC (stake of NOC KAZAKHOIL CJSC - 90%) - oil and gas producer, which develops Karamandybas and Uzen, the third largest field in Kazakhstan. Kazakhoil-Emba OJSC (stake of NOC KAZAKHOIL CJSC - 85%) - oil and gas producer, which was established in June 1999 by merging Embamunaigas JSC and Tengismunaigas JSC. There are six divisions that are engaged in oil and gas extraction: Jaikneft, Dossorneft, Makatneft, Kainarmunaigas, Kulsaryneft, Prorvaneft. Atyrau NPZ OJSC (stake of NOC KAZAKHOIL CJSC - 86%) - the oldest of all three refineries of Kazakhstan. Production capacity is 5 mln tons a year at 59% processing degree.