Auditing report on 2000 financial statements of Neftebank OJSC (Kazakhstan)

/KASE, Nov 20, 01/ - Neftebank OJSC (Almaty) provided the KASE with auditing report of Arthur Andersen made on its 2000 consolidated financial statements. Based data of an independent auditor the following are financial and economic results of the issuer's activities as of December 31, 1999 and 2000 (in th. tenge unless otherwise stated): ------------------------------------------------------------------------- Indicator As of Jan 01,00 As of Jan 01,01 --------------------------------------- --------------- --------------- Authorized capital (paid) 432,783 671,865 Shareholders' equity 696,196 702,048 Total assets 2,147,363 3,073,845 Liquid assets 538,442 809,882 Issues and loans to clients (net) 1,172,533 1,784,477 Accounts at credit organizations 168,986 346,007 Liabilities 1,451,167 2,371,797 Debts to NBRK 66,867 71,059 Debts to clients 1,341,939 2,217,889 Total revenues 447,458 471,010 Total expenses 437,827 530,002 Net income (loss) 9,631 (58,992) --------------------------------------- --------------- --------------- Calculated based on the auditor's data: --------------------------------------- --------------- --------------- Return on equity (ROS), % 0.45 - Return on assets (ROE), % 1.38 - Earnings per 1 share (EPS), tenge 29.40 - Ratio of price to earnings (P/E) 34.02 - Book value of 1 share, tenge 2,125.03 1,380.34 ------------------------------------------------------------------------- Auditing was conducted by Arthur Andersen in compliance with International Accounting and Auditing Standards. Audited financial reporting differs from financial reporting of the bank prepared in accordance with Kazakhstan Accounting standards in the result of its correction with the purpose of compliance of International Accounting Standards (IAS). Consolidated financial statements of Neftebank OJSC for 1999 and 2000 includes the reporting of its branches. NB Leasing LLP (financial leasing, share of participation - 1000.0%), NB Management LLP (share of participation - 100.0%).