Results of KazTransOil CJSC (Kazakhstan) in nine months of 2001

/KASE, Nov 29, 01/ - KazTransOil CJSC (Astana) provided the KASE with its financial statements for nine months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in nine months of 2001 (in th. KZT): ------------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % ------------------------- ----------- ----------- -------- Authorized capital 19,425,209 32,884,575 +69.3 Shareholders' equity 105,076,110 127,585,838 +21.4 Total assets 128,180,623 168,261,160 +31.3 Net working capital -3,651,633 44,558,107 +1,320.2 Accounts receivable (net) 10,620,781 19,820,799 +87.2 Liabilities, total 23,104,513 40,675,322 +76.0 Credits attracted 2,598,050 1,270,220 -51.1 Accounts payable 19,949,884 12,302,436 -38.3 Bonds issued - 26,586,404 - Sales 24,152,302 32,638,181 +35.1 Cost of goods sold 18,335,200 21,454,425 +17.0 Net income of the period 3,787,744 6,133,186 +61.9 ------------------------------------------------------------- Compared to 9 months of 2000: - shareholders' equity of the company increased by KZT22.5 bn as a result of an increase of authorized capital - by KZT13.5 bn, reserve capital - by KZT13.3 bn, final amount of undistributed income by - KZT4.4 bn, with a decrease in additional unpaid capital - by KZT8.7 bn; - assets increased by KZT40.0 bn, including: cash and equivalents - by KZT32.9 bn, accounts receivable - by KZT9.2 bn, other assets - by KZT5.6 bn, at a decrease of residual value of fixed assets - by KZT4.6bn; - liabilities increased by KZT17.6 bn which is explained by the issue of bonds (internal and international) for KZT26.5 bn, with a decrease of accounts payable by KZT7.6 bn and the volume of attracted credits - by KZT1.3bn; - sales rose by KZT8.5 bn; - cost of goods sold rose by KZT3.1 bn; - period expenses - by KZT3.0 bn. As a result, net income of the company in nine months of 2001 equaled KZT6.1 bn, which is KZT2.3 bn more than in similar period of last year. The following table represents dynamics of some parameters of KazTransOil CJSC for year 2001 quarterly not cumulating result (in millions tenge): ---------------------------------------------------------------------- Change, % Change, % Ratio I-2001 II-2001 III-2001 ------------------ -------- -------- --------- -------- --------- Volume of services 10,352.8 11,139.6 +7.6 11,145.8 +0.1 Net income 1,074.3 4,245.3 +295.2 813.6 -80.8 ---------------------------------------------------------------------- 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.