Results of Kazakhtelecom (Kazakhstan) in 9 months of 2001

/KASE, Nov 20, 01/ - Kazakhtelecom (Astana) provided the KASE with its financial statements for 9 months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in 9 months of 2001 (in th. KZT, unless otherwise specified): ----------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % -------------------------- ---------- ---------- ------- Authorized capital 12,136,593 12,136,529 +0.0 Shareholders' equity 35,635,493 39,501,324 +10.8 Total assets 60,324,169 65,673,656 +8.9 Net working capital 5,210,060 -1,365,293 -126.2 Accounts receivable 8,307,158 8,093,710 -2.6 Liabilities, total 24,060,197 26,172,332 +8.8 Loans attracted 16,794,712 17,342,834 +3.3 Accounts payable 7,097,209 8,700,896 +22.6 Sales 26,345,070 32,336,641 +22.7 Cost of goods sold 16,294,394 18,078,221 +10.9 Net income of the period 4,661,182 6,122,050 +31.3 Book value of a share, KZT 2,936.20 3,254.87 +10.9 ----------------------------------------------------------- Compared to 9 months of 2000 growth took place in: - shareholders' equity of the company - by KZT3.9bn as a result of an increase in reserve capital by KZT1.8 bn, final amount of undistributed income by KZT5.2bn with a decrease in additional unpaid capital - by KZT3.1 bn; - assets - by KZT5.3 bn, including: incomplete construction - by KZT3.8 bn, residual value of fixed assets - by KZT3.7 bn, with a decrease in inventory - by KZT1.9bn and other assets - by KZT263.5m; - liabilities - by KZT2.1bn, caused by an increase of accounts payable - by KZT1.6bn and attracted credits - by KZT548.1m; - sales - by KZT6.0 bn; - cost of goods sold - by KZT1.9bn. As a result of activity for 9 months of 2001, the company received a net income of KZT6.1 bn, which is KZT1.5 bn more than in similar period of last year. The following table represents dynamics of some parameters of Kazakhtelecom for year 2001 quarterly not cumulating result (in millions tenge): Change, % Change, % Ratio I-2001 II-2001 III-2001 ------------ -------- -------- --------- -------- --------- Sales volume 10,114.5 10,944.7 +8.2 11,277.4 +3.0 Net income 2,969.5 1,797.7 -39.5 1,354.6 -24.7 ---------------------------------------------------------------- Following securities of Kazakhtelecom are admitted into official list of KASE securities under category "A": - from October 16, 1997 - common inscribed (KZ1C12280417, trade code - KZTK) and preferred inscribed (KZ1C12280412, trade code - KZTKp) shares; - from April 2, 2001 - inscribed coupon bonds (KZ2CUY03A347, trade code - KZTKb1; $25m; March 13.01 - March 13.04; semiannual coupon at 10% APR). Primary activities: telephone, telegraph, television and radio communication of all types.