Results of SHAHARMUNAIGAS OJSC (Kazakhstan) in 9 months of 2001

/KASE, Dec 19, 01/ - SHAHARMUNAIGAS OJSC (Ili district, Almaty region) 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): ---------------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % ---------------------------------------------------------------- Authorized capital 1,200 3,625 +202.1 Total assets 1,597,592 2,184,981 +36.8 Shareholders' equity 1,593,550 1,595,975 +0.2 Net working capital 1,591,153 2,184,527 +37.3 Accounts receivable 1,595,191 1,271,878 -20.3 Total liabilities 4,042 589,006 +14,473.9 Bonds issued - 589,006 - Accounts payable 4,042 - - Sales 15,476 - - Cost of goods sold 8,621 - - Net income (loss) of the period (3,370) - - ---------------------------------------------------------------- Compared to similar period of 2000 growth took place in: - shareholders' equity of the company - by KZT2.4m as a result of an increase in paid portion of authorized capital after the re-registration into open joint stock company; - assets - by KZT587.4m due to an increase in expenses of future periods by KZT912.6m with a decrease in current accounts receivable by KZT323.3m and residual value of fixed assets by KZT1.9m; - liabilities - by KZT587.4m caused by the floatation of issued bonds for KZT589.0m with a decrease in accounts payable by KZT1.6m. The company's activities were not described in 9 months of 2001 in income statement of SHAHARMUNAIGAS OJSC. Primary activities of the company: exploration, development, extraction and sales of hydrocarbons, oil products; transportation, processing, exports and imports of hydrocarbons, oil products; construction and exploitation of the gas stations and warehouses for storing and reloading hydrocarbons, oil products, From January 19, 2001 first issue inscribed coupon bonds (KZ75KASICA50, trade code SMGZb1; $100; $30m; Jan 18.01 - Jan 18.06; annual coupon at 13.0% APR) of SHAHARMUNAIGAS OJSC circulate within official list of KASE securities under category "A".